These stocks have surged 50% so far in CY21; charts show further upside

If IDFC First Bank stock stays above the Rs 70-mark, it may rally in the direction of Rs 120 and Rs 135 from a medium-term perspective

Equity markets have seen wild wings over the past three months. While the indices clocked new record peak day after day ahead of Budget presentation, the rally strengthened further as Finance Minister proposed no tweaks in income tax, no addtional taxes on market participants, and green signal to a mega privatiosation drive.

However, come March, and inflation concerns on the back of swift demand recovery has worried investors. Over the past few weeks, inflation expectations have risen sharply, given the large-scale monetary and fiscal stimulus by global central banks amid ongoing vaccination efforts. Historically, mild-to-moderate inflation has been good for