India’s benchmark BSE Sensex rose 19%, and the broader Nifty 50 gained 20% in 2023, led by sustained domestic mutual fund inflows, return of foreign buying, better-than-expected economic growth, and healthy corporate earnings. Meanwhile, based on technical parameters, domestic brokerage firm Axis Securities recommended several stocks for 2024. These stocks include Maruti Suzuki, PNB, JSW Steel and Wipro. Here is a list:
Concurrent Gainers: 9 smallcap stocks gain for 5 days in a row
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.