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The Fastest-Growing Stocks in the Indian Market in 2024

stock market
Published Date: 17 Oct 2024Updated Date: 17 Oct 20246 mins readBy MOFSL
Highest Return Stocks

Gone are the days when stock market investment was considered a gamble. Equities are one of the best-performing asset classes in India and will continue to be one for a good amount of time. 

Some of the stock's growth can be lazy and generate less than 5% return while some grow at an unprecedented speed of more than 100% in a single year.

In this blog, let's dive into the stock market's fastest performers—the top 10 stocks with the highest returns over the past year. These companies haven’t just grown; they’ve soared, with returns that have left investors overjoyed.

Here is a list of stocks that performed the best in the last year:

​​​​​​​
Name Current Stock Price Market Capital 1Yr return %
Sri Adhik. Bros. 1026.15 2572.84 62090.91
Ujaas Energy 675.3 9084.37 9701.16
Eraaya Lifespace 2905.3 5341.21 7008.64
Bharat Global 924 9356.38 5907.8
Marsons 315.4 5428.03 5452.82
Diamond Power 1582.6 8352.87 2630.97
Technvision Ven. 3785.3 2377.17 1882.35
Kaycee Inds. 4799.25 1523.04 1804.46
Bondada Engineer 582.5 6291.6 1296.21
Kesar India 1082.5 2675.16 1265.24

 

Sri Adhikari Brothers Television Network Ltd

It operates in content production and syndication across broadcasters and satellite networks. The group is involved in broadcasting, film production, and publishing, with channels like Sab TV, Mastii, Dabang, Dillagi, etc.

Ujaas Energy Ltd

They are a key player in India's solar power sector and are in the business of solar power plants that involves development, ownership, and maintenance. The company provides services for solar power projects and electric vehicle products under the "UJAAS" brand.

Eraaya Lifespaces Ltd

It is into the digital marketing business and trade of previously manufactured engineering goods and automobile parts under the name Tobu Enterprises Pvt Ltd.

Bharat Global Developers Ltd

Bharat Global Developers Ltd is into real estate development. It is involved in land trading, construction of infrastructure, and manufacturing of packaging materials.

Marsons Ltd

They are in the power manufacturing business and distribution transformers, with products like solar and special application transformers. It is a leading transformer producer in Eastern India.

Diamond Power Infrastructure Ltd

They manufacture power transmission and distribution products. Over the years, the company has expanded its offerings to cables, transformers, and wind energy.

TechNVision Ventures

TechNVision Ventures Ltd provides IT and software solutions. It also focuses on streamlining business processes for clients.

Kaycee Industries

Kaycee Industries Ltd manufactures industrial electrical switches and components. As a subsidiary of Salzer Electronics Ltd, it serves various industries like power, telecom, and renewables.

Bondada Engineering Ltd

Bondada Engineering Ltd offers EPC services in the telecom and solar sectors like telecom tower construction, optical fibre cable installation, and power equipment supply for major telecom companies in India.

Kesar India Ltd

Kesar India Ltd is into luxury residential and commercial real estate development under the brand "Kesar Lands." It is certified and a member of CREDAI and IGBC.

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Risks of Investing in High Return Stocks

It is very difficult to predict with certainty how a particular stock will perform over time. Picking a stock that has delivered multi-bagger returns is akin to finding diamonds in a mine.

Here are the risks associated with such stocks:

Volatility: These stocks may experience periods of high and low volatility. During high volatility, prices can change rapidly, whereas in low volatility periods, it can be difficult to enter or exit the stock.

Market Sensitivity: High-return stocks are often more sensitive to market conditions, news, and economic changes, hence more vulnerable to sudden downturns.

Company-Specific Risks: The performance of these stocks is closely tied to the specific company’s management, competition, and financial health. These high-return companies often have competitive moats, which help their stock price outperform the rest of the market. However, if the moat is compromised, the company may come under significant pressure, potentially spiralling into losses.

Here are the things you must check for yourself before you invest in any company's stock:

Research: Investigate the company’s financial health, business model, and market position to make well-informed investment decisions.

Diversification: Maintain a diversified portfolio to spread risk and avoid overconcentration in any single stock or sector.

Risk Management: Use risk management strategies, such as stop-loss orders and position sizing, to safeguard your investments.

Conclusion

Investing in high return stocks is a rewarding strategy for investors who are willing to accept the associated risks.

By conducting thorough research, maintaining a diversified portfolio, and focusing on long-term growth, you can achieve substantial returns. Successful investing in high return stocks relies on informed decision-making and effective risk management strategies.

 

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Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price

 

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Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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