The Indian equity markets got off to a slow start this week. On Monday, key equity indices, the Sensex and the Nifty50 closed almost flat. The Sensex closed 87 points, or 0.16%, lower at 54,395.23 points. while the Nifty50 ended the day with a nominal loss of 5 points, or 0.03%, at 16,216 points.
According to media reports, foreign investors withdrew over ₹4,000 crore in July as a result of the rising dollar and indications of further rate hikes in the US.
Meanwhile, the Nifty500 has gained by 59.85 points, or 0.43 per cent, in the last month to 13,831.35 points. In comparison, the BSE Sensex and Nifty50 lost 0.33 per cent and 0.45 per cent, respectively.
Despite a weak market, some stocks were able to manage to deliver a return of over 15–35% in a month.
Among Nifty500 stocks, Adani Transmission was on top. The stock gained 35.9% in a month to ₹2,789.0 from ₹2,439. In the last year, the stock has returned 173.84 per cent to shareholders. At current levels, the stock is trading 214.56% above its 52-week low of ₹871. Since the beginning of the month, the stock has risen from ₹1,957 to ₹2,690, representing a gain of more than 37%.
On Saturday, the Adani group confirmed its entry into the race to acquire the telecom spectrum.
Shares of Tube Investments of India went from ₹1,509 to ₹2,008 in the last one month, delivering a return of 31.02% per cent on the strong business outlook. The stock has been witnessing remarkable traction for the last one year. The stock has climbed from ₹1,103 to ₹2,008, generating a return of over 80 per cent. The company has a payout ratio of 24.14%, which means the company is retaining 75.86% of its earnings for reinvestment, and it had a return on equity ratio of 26%.
Tube Investments of India Limited is a Murugappa Group company that specialises in engineering, bicycles, metal-formed products, and chains. The company has delivered a robust performance over the last several quarters, despite a steep rise in raw material prices. In Q4 2022, Tube Investments reported a 25 per cent increase in its revenue at ₹3,415 crore as against ₹2,733 crore in the January-March quarter a year ago.
Another Adani group stock, Adani Green Energy, has rallied 32.1 in a month. Over the last week, the stock went up from ₹1,901 to ₹2,207, reflecting a gain of over 23.36%. At the time of writing this report, the stock is trading at high volumes of 4.8 million on both the NSE and BSE combined with a price of ₹2,318.55, a gain of 5.04% on the BSE at 12:30 AM (IST).
Further, the stock gained more than 48.2% in the last six months, in contrast to the movement in the Nifty50 index, which has declined by nearly 10.67% in the same period.
On the financials front, the company delivered an ROE (Return of Equity) of 41.09% in the year ending March 31, 2022, outperforming its 5-year average of 1.29% and the company's annual revenue rose to 54.96%, outperforming its 3-year CAGR of 37.37%.
|Scrip Name||Monthly Return (%)|
|Adani Transmission Ltd.||35.9%|
|Adani Green Energy||31.02%|
|Tube Investments of India||29.6%|
|Hinduja Global Solutions||27.1%|
|Asahi India Glass Ltd.||25.1%|
|Jamna Auto Industries||21.2%|
|Mahindra CIE Automotive||20.7%|
|CG Power and Industrial Solutions||20.6%|
|Adani Total Gas Ltd.||16.9%|
Asahi India Glass Ltd. shares have increased by more than 25.0% in the last one month. Over the last one-year period, the market price of the stock has increased by 57.97 per cent.
The stock quoted a 52-week low price of Rs.324.6 and a high of Rs.612.9, which means that the stock is trading 75.68% above its 52-week high.
It reported a 52.30% increase in its net profit at ₹129 crore as against ₹84.7 crore in the January-March quarter a year ago.
The company is a leading integrated glass solutions provider, offering a wide range of products across the automotive, architectural, and consumer glass segments.
Crompton Greaves Power and Industrial Solutions Ltd, engaged in the power business, has rallied 21.02% in a month. In the last one year, the stock price jumped to ₹206.50 from ₹77.15, delivering a return of over 168.96%.
The stock hit a fresh 52-week high at Rs. 219.25 in Tuesday's trade, indicating that, at the current level the stock is trading at 191.84% above its 52-week low of Rs. 71.1.
The company has a Return on Equity of 34, which means for every ₹1 worth of equity, the company is earning ₹0.34 in profit. It has a price-to-earnings ratio of 35.45x compared to the peer average of 46.89x.
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