As stock markets beat the pandemic blues, investors’ wealth ballooned when most businesses were struggling due to the severe disruptions caused by the Covid crisis. With limited options to spend due to curbs on travel and stay-at-home guidelines, a gush of fresh money found its way to stock markets last year. Many rode on the tailcoats of investors who were established and known for making a fortune by investing in markets. Eight out of 10 stocks held mostly by high net-worth individuals (HNIs) in the March quarter soared this year, rising as much as 100%. “Historically, stocks held by high-profile HNI investors, who have a good track record, create euphoria whenever they enter a counter,” said Vinay Ahuja, executive director, IIFL Wealth.

Source: Hindustan Times June 06, 2021 18:11 UTC