The US inflation, rate hikes by the Fed and other Central Banks, and the armed conflict in Ukraine were some of the prominent reasons why the markets had been sluggish in the period between March - June. While the underlying factors are still prevalent, July saw positive movement across almost all major sectors leading to a NIFTY gain of almost 9%. Amid market corrections, markets are continuing their rally in August as well, leading to hope and optimism among investors.
Let us take a look at 5 stocks that achieved a far higher return rate as compared to the market performance during the same period.
Can Fin Homes is a leading company in the housing finance sector with a market cap of around ₹ 8500 Cr. From a price of ₹ 433 this share rose 38% within a month to ₹ 596 and is now trading at ₹ 637 (on 25th Aug 2022). This is a total growth of 47% which beats the market performance by almost 5 times.
CEAT features in the automobile sector and is a prominent tyres and tubes maker with a market cap of ₹ 5529 Cr. In June the stock trading price of this stock was ₹ 930 but in the stock market today, the market price is ₹ 1,365.75. An incredible growth of 47% again (rounded off).
One of the top blue chip stocks of the country, Bajaj Finserv scrip prince grew from ₹ 11,114 to ₹ 16,349.85 in the period under discussion. Coincidentally, this, too, is almost 47% growth.
Adani Transmission is a power and electricity distribution company in the energy sector, with a market cap of ₹ 4160 Cr. From ₹ 3,131 in June this share has rallied strongly and is now at ₹ 3,700.40. This makes for a mammoth 57% growth, 6 times more than the market index performance.
Banco India Products Ltd manufactures engine cooling systems, gaskets, and heat shields with a market cap of ₹ 1818 Cr. In June the stock of the company was trading at ₹ 162. Through July it had seen a rise of ₹ 188. Slow, yet steady. But since then, it has zoomed to its current market price of ₹ 253 to deliver over 50% returns.
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