scorecardresearchDespite market volatility, these ten stocks returned 25-65% in the past one month

Despite market volatility, these ten stocks returned 25-65% in the past one month

Updated: 30 Sep 2022, 08:31 AM IST
TL;DR.
Overall, ten Nifty 500 stocks have gained between 25 and 63% in the last month. Tata Investments is the best performer, up nearly 63%, followed by Mazagon Dock Shipbuilders Ltd, Tube Investments, and Vakrangee.
Allcargo Logistics stood as the top performer among all logistic stocks in the last one month. During this period, the stock has climbed from  <span class='webrupee'>₹</span>293.95 to  <span class='webrupee'>₹</span>391.65, generating a return of nearly 34%.

Allcargo Logistics stood as the top performer among all logistic stocks in the last one month. During this period, the stock has climbed from 293.95 to 391.65, generating a return of nearly 34%.

Indian equity markets fell for the fourth trading session in a row on Monday, tracking a decline in Asian markets, following heavy losses in US stocks on Friday. The Nifty 50 dropped 1.82 percent, or 315.45 points, to 17,011.90, while the S&P BSE Sensex dropped 1.60 percent to 57,167.55. While Nifty 500 also fell 331.95 points or 2.20% to 14,725.70.

The overall market capitalization of BSE-listed firms dropped to 270 lakh crore from 276.6 lakh crore in the previous session, making investors poorer by 6.6 lakh crore in a single day. FIIs were net sellers of 5,101.3 crore in the cash segment on 26 September, Trendlyne data showed.

In the previous month, 10 Nifty 500 stocks were able to produce returns of between 25 and 65%. when the Nifty 500 index only saw a 0.37% increase.

Tata Investment Corporation: The rally in TIC stock began in early September. The stock has increased by 51.73% so far in September. However, the majority of the stock's gains came in the second week of this month, when it jumped 47.21% from 1,828 to 2,691.30 in just four trading sessions. Tata Investment replied to the clarification sought by Indian exchanges on the jump in trade volume on September 14. The stock has increased by nearly 63% in the last month.

Tata Investment Corporation is a non-banking financial company (NBFC) promoted by Tata Sons. The company is registered with the Reserve Bank of India under the category of an investment company. It is engaged in the business of investing in listed and unlisted equity shares, debt instruments of companies in a wide range of industries, and mutual funds. The major sources of income for the company consist of dividend income and profit on the sale of investments.

The company reported a 67 percent increase in its consolidated net profit to 89.9 crore for the first quarter ended June, up from 53.8 crore in the previous year's April-June quarter.

Mazagon Dock Shipbuilders  After reaching a new 52-week high on August 30, the company's shares began rallying and have delivered 48% returns in a month, rising from 304.10 to 447.50. The stock gained the most after the company reported a 133.33 percent year-on-year increase in net profit to 217 crore for the June-ending quarter, up from 93 crore the previous year.

The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products. The company is owned by the government of India, its website shows.

Tube Investments: The stock had the best performance over the previous month in the Nifty Auto Index. The stock has seen its upward rally from the start of July and has since returned 84%. In the last month, the stock has risen from 2,150.35 to 2,772.35, representing a gain of more than 29 percent.

Tube Investments of India Limited is a Murugappa Group company that specializes in engineering, bicycles, metal-formed products, and chains.

Scrip Name % Monthly Returns 
Tata Investment Corporation63
Mazagon Dock Shipbuilders Ltd48
Vakrangee40
Allcargo Logistics34
Karur Vysya Bank Ltd32
Patanjali Foods Ltd32
Tube Investments29
EIH Ltd29
Lemon Tree Hotels 26
Bajaj Holdings & Investments27

Vakrangee: From September 2 to 13, the stock experienced a one-way spike, rising 65 percent, but it failed to maintain that momentum, falling 14.20 percent after that, but the stock remained comfortably above its 52-week low of 23.6. In the last month, the stock price increased by 39.67 percent, moving from 27.85 to 38.90.

Karur Vysya Bank Ltd: This private sector lender's shares have risen 83.60 percent in the last three months, from 45.90 to 84.30, with the majority of the gains occurring in the last month after the bank reported a twofold increase in net profit.

Shares of the Karur Vysya Bank have rallied nearly 32.54% in the last month, which is 29.29 percent higher than the Bank Nifty, which returned 3.25 percent in the same period.

On July 25, Karur Vysya Bank announced a 110 percent year-on-year increase in net profit to 229 crore for the first quarter of the fiscal year, up from 109 crore in the previous fiscal.

Meanwhile, in the second week of September, Karur Vysya bank opened its first high-net-worth individual branch in Hyderabad. This will be the 792nd branch exclusively for retail assets and personal banking services.

Allcargo Logistics: Shares of major logistics stocks rallied in the last week after the Indian government launched the National Logistics Policy. On September 17, Prime Minister Narendra Modi unveiled a much-awaited national logistics policy. The main objective of this policy is to bring down the logistics costs for businesses.

Allcargo Logistics stood as the top performer among all logistic stocks in the last one month. During this period, the stock has climbed from 293.95 to 391.65, generating a return of nearly 34%. From March 2020 to December 2021, the stock has given has an astounding return of 572 percent moving from 58 to 390. After delivering 5x returns, the stock has seen some corrections and fell to 262.95 in June. However, it quickly recovered and has since rallied to Rs. 400 levels.

Other stocks, including Patanjali foods, Lemon Tree Hotels, Bajaj Holdings & Investment and EIH Limited, also rallied between 27 -32% in the last one month.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie.

Article
What is alpha in stocks
First Published: 30 Sep 2022, 08:31 AM IST