Just did a scan of all NSE stocks for Year to Date (YTD) performance.
Filter: 20 day average price * volume > Rs. 5 crores per day
No of stocks: 360 out of 1500
YTD < 0% = 160 stocks
YTD 0-20% = 121 stocks
YTD 20-50% = 62 stocks
Filter: 20 day average price * volume > Rs. 5 crores per day
No of stocks: 360 out of 1500
YTD < 0% = 160 stocks
YTD 0-20% = 121 stocks
YTD 20-50% = 62 stocks
YTD > 50% = 10 stocks
This means that even as nifty is near all time highs the vast majority of stocks have not moved or still are in the red.
If I exclude the filter, it still means close to 900 stocks from a universe of 1500 are still in the red. Only 4 stocks have doubled this year, total of 28 stocks have given YTD gains of more than 50%.
So where is the bull market?
This means that even as nifty is near all time highs the vast majority of stocks have not moved or still are in the red.
If I exclude the filter, it still means close to 900 stocks from a universe of 1500 are still in the red. Only 4 stocks have doubled this year, total of 28 stocks have given YTD gains of more than 50%.
So where is the bull market?
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