The Indian stock market in April witnessed significant gains, with the benchmark indices registering their largest monthly rise in the current year so far.
Amidst this bullish sentiment, several individual stocks stood out with remarkable gains, including names like FACT, Raymond, and Anupam Rasayan. These 15 stocks recorded gains in the range of 25% to 67%, outperforming the broader market.
Fertilisers and Chemicals Travancore (FACT) stood as the top performer during last month. The company, which is engaged in the manufacture of fertilizers and petrochemicals, saw its stock price surge by 67% in April, growing from ₹205.40 apiece to ₹343.
In a similar vein, Rail Vikas Nigam, a railway infrastructure firm, has experienced a significant rise in its share price during the month of April. The scrip started its upward journey after the company along with its consortium with Siemens bagged two orders from Gujarat Metro Rail Corporation.
In a stock exchange filing on March 31, the company said that it received a letter of award for the same from the Ministry of Railways for manufacturing cum maintenance of Vande Bharat trainsets including the upgradation of the government manufacturing units & trainset depots.
The company's shares have surged almost 56.77% in April, followed by a 19% rise in March. The stock has given multi-bagger returns in the last one year, rallying over 215%. Meanwhile, it has advanced 71% in 2023 YTD, with positive returns in 3 of the 4 months of this calendar year.
Indiabulls Real Estate emerged as the third-top performer in the Nifty 500 index. The stock had been on a downward trajectory since December last year but started gaining momentum in March at around ₹46.95 apiece. Since then, it has witnessed a sharp increase and now stands at ₹72.80, delivering a return of 55%. Overall, in April, the stock yielded an impressive return of 48.87%.
Welspun India was the fourth top gainer in the Nifty 500 index list. The stock gained 37.62%, moving from ₹63.65 apiece to ₹87.60. Over the last three years, the stock has delivered a return of 230% to its shareholders.
Gujarat State Fertilizer & Chemicals was next on the list with a gain of 33.57%, with the majority of the gain registering in the last four trading sessions of April, accounting for 28.44%. From its March 2020 low of ₹34.90, the stock delivered a multi-bagger return of 355%.
Anupam Rasayan India, a speciality chemical manufacturer, also delivered impressive gains of 36% in April. This marks a continuation of the strong momentum seen in March, when the company's shares saw an increase of 34.13%.
In CY22, the stock underperformed the market, losing 31% of their value, steadily falling from ₹990 apiece to ₹679.
However, the stock have made a strong comeback in 2023, registering a gain of almost 66% so far. The stock experienced a significant surge of 95.66% from its low of ₹577 apiece in February 2023 to reach the current market price of ₹1,129.
Likewise, shares of Raymond recorded an impressive growth of 30.27% in April. The stock has been on a bull run since March 29, gaining almost 43% to date, climbing from ₹1,109 apiece to the current position of ₹1,592.25. During the same period, the market valuation of the company increased by ₹3,148 crore.
On April 27, the company announced its exit from the consumer care business by selling condom brands KamaSutra and Premium and deodorant brands Park Avenue and DS to the Godrej Group for ₹2,825 crore in an all-cash deal, PTI reported.
The Raymond Group also announced the demerger of its consumer-facing and lifestyle businesses into Raymond Consumer Care (RCCL), which will, upon merger, get listed. Raymond shareholders will get four shares of the RCCL for every five shares they hold, the report added.
Other stocks include, Central Bank of India, UCO Bank, Bombay Burmah Trading Corporation, Borosil Renewables, Bank of Maharashtra, Godrej Properties, Adani Power, Tanla Platforms, Zomato, BSE Ltd., JBM Auto, Data Patterns (India), Mangalore Refinery and Petrochemicals, Gujarat Ambuja Exports, NBCC (India), IDBI Bank, Laxmi Organic Industries, Glenmark Pharmaceuticals, and HLE Glascoat also witnessed gains between 25-34% in April.
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