For instance, Tanla Platform stock has seen an increase of more than 86,000 retail investors in the September quarter. The stock has declined nearly 6% since October 1 after a 22% negative return in the September quarter. Similarly, Tata Elxsi stock has added 34,650 new retail investors in the September quarter. However, the stock has plunged 16% so far this month. A similarity was in stocks such as Schaeffler India, Indus Towers, Samvardhana Motherson International, and Berger Paints.
The stock prices going up or down after individual investors enter the stock does not appear to be a trend, but several mid-and small-caps stocks have gone up in this frenzy post-Covid where valuations are being ignored and were corrected sharply in the last few months.
However, a few investments by retail investors in the September quarter, such as HCL Technologies, Delta Corp, HBL Power System, Bharat Dynamics, NHPC, and Coforge, gave them handsome returns.
About 92,000 new retail investors bought shares of HCL Tech in the September quarter, and the shares rallied 10% in October.