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Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

It took 1,647 sessions for BSE Sensex to close above 50,000-mark for the first time on February 3, 2021 from 25,000 on June 5, 2014.

However, select stocks in the broader market managed to deliver humongous returns to investors despite uncertainties in the form demonetisation, implementation of GST, RERA, volatile crude prices, NBFC crisis and Covid-19 pandemic.

Starting with the top gainer, shares of Tanla Platforms have soared 10,112% to Rs 703.65 at present from Rs 6.89 on June 5, 2014. The rise in share price indicates that an investment of Rs 10,000 in the company in 2014 would have now become over Rs 10 lakh. This is the power of the buy-and-hold strategy.

Tanla, earlier known as Tanla Solutions, is a cloud communications provider based in Hyderabad.

With a rally of 7,502%, Raj Oil Mills is the next big gainer in the list on the BSE. The scrip has advanced to Rs 182.45 from Rs 2.40 during the same period. NGL Fine-Chem, Tasty Bite Eatables,

Jyoti Resins & Adhesives, Medicamen Biotech, Kilpest India, Hindustan Foods and Sadhana Nitro Chem also gained between 4,000% to 5,700% since June 5, 2014.

On the other hand, another benchmark index NSE Nifty has also gained 98% to 14,790 from 7,474. Going ahead, brokerage Axis Securities believes that Nifty may hit 16,000-mark by December 2021. “Even as sector rotation plays out, valuations across sectors like consumer, IT and pharmaceuticals are likely to sustain while industrials, cement, real estate and BFSI will re-rate. We will be re-looking into our earnings projection for Nifty after the quarterly results seasons.”

The brokerage house is positive on stocks like ICICI Bank, Manappuram Finance, Canfin Homes, Federal Bank, Bharti Airtel, HCL Tech, Tech Mahindra, Varun Beverages, Relaxo Footwears, Amber Enterprises, Nocil, Endurance Technologies, Steel Strip Wheels, Lupin and JK Lakshmi Cement.

Data further highlighted that players like Alufluoride, Mangalam Organics, Bharat Rasayan, HLE Glascoat, Associated Alcohols, Paushak, Stylam, Minda Industries, GMM Pfaudler, Bajaj Finance, Apollo Pipes and Dolat Investment also gained more than 2,000% since June 2014.

On the other hand, players like Muka Agriculture, Sulabh Engineers, PMC Fincorp, Cox & Kings, IL&FS Transportation and Reliance Communications each declined 99% during the same period.

(Disclaimer: Stocks mentioned in the article are for information purpose only. Do consult your financial advisor before taking any position)