It’s been an year since the pandemic has drastically affected the market in the beginning but showed a hockey stick growth since then. Nifty 50 was ditched to 7610 points & Sensex went down to 25,981 on March 23rd, 2021. The current numbers say that the market has doubled the growth for its investors. The pandemic had many people lose their jobs, to which they started investing in the market. The auto industry saw a major setback and now it is back on track with increased sales and market capitalisation.
The monopoly stock that has given 471% returns in almost a year is Borosil Renewables Ltd. Borosil Renewables Limited is a solitary sun-oriented glassmaker in India. The organization detected the chance in this section very early and appointed the sun-based glass fabricating office at Bharuch in the Indian State of Gujarat in January 2010. In the course of the most recent 5 years, the sun-powered PV establishments and module creation across the world have developed dramatically. To oblige the developing interest, Borosil Renewables has as of late extended and dramatically increased its current creation limit of elite sunlight-based glass to 2.4 GW per annum.
Borosil Renewables Limited Share was 28.05 INR on 25th of March 2020 which rose to 300 INR on 30th December 2020 itself which is 471% of absolute returns. Borosil is a hot stock to buy at any stage as this is the only company to make solar panel glasses in India.
There are definite chances of this stock turning into a multi-bagger in the future if the government of India signs a deal with other countries to export solar panel glasses at cheap rates.