Zomato, 4 others zoom up to 45% in August; charts suggest more strength

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

The Indian equity indices have staged a smart recovery from their 52-week lows in June 2022. So far, the BSE Sensex and NSE Nifty50 have surged 18 per cent each from their distressed lows.

In August, the two frontline indices have gained 4.5 per cent each with few stocks soaring up to 40 per cent. The two major winners from the Nifty 500 are Zomato and JSW Energy, which have jumped 45 per cent and 40 per cent, respectively. Metro Brands, Hikal and Kansai Nerolac Paints are other stocks that have rallied over 25 per cent each this month.

Are