Despite market volatility caused by rising crude oil prices, high inflation, FPI outflows, rate hikes, geopolitical tensions and other factors, as many as 12 BSE 500 stocks have doubled investor wealth in the last one year.
Adani Power stands at the top of the list in the BSE 500 index, having gained nearly 266% in the last year. The stock started rising in March and has never looked back, rallying 196% to date. On August 03, Adani Power reported a 17-fold surge in consolidated net profit after tax at ₹4,780 crore in Q1FY23 as against ₹278 crore in the same quarter of last year.
Tata Teleservices was the second on the list with a gain of nearly 165%. In the last one year, the stock has risen from ₹38.95 to ₹102.70, generating a multi-bagger return of 163.67% while the Sensex has decline by 3.36 per cent in the same period. Further, over the last three years, the market price of the stock has zoomed by 3,634.55% and 1,686.09% in five years.
Shares of Bharat Dynamics have doubled investors' wealth in the last one year, surging from ₹375.10 to ₹875.90 levels, delivering a return of 133.51%. The stock started surging after the company signed a contract worth ₹3,131.82 crore with the Indian army to manufacture and supply Konkurs-M Anti-Tank Guided Missiles in February.
Over the last three years, the stock has risen from around ₹274 to ₹875, representing a nearly 219.34% increase.
Adani Total Gas was another Adani group stock which delivered a multi-bagger return in the past one year. The stock started moving higher in mid-March and has rallied 90% to date. In the last one year, Adani's total gas share price has surged from ₹1,409.85 to ₹3,100 levels, ascending to the tune of nearly 119.88% in this period.
Schaeffler India shares have risen steadily over the last five years, from around ₹979.75 to ₹3,186.95, representing a 225 percent return. Even during the pandemic, the stock lost only 15.10 percent between March and April 2020 and quickly rebounded, rallying 43 percent by December 2020. This came at a time when many other stocks are still trading near their 52-week lows.
Only twice in the last five years, the stock has given negative returns to its shareholders. Since the beginning of the year, the stock has been moving higher, rising from ₹1,756.88 levels to ₹3,186.70, delivering a return of 81.38 percent. It returned 117.3 percent to its shareholders in the previous year.
Adani Enterprises shares have rallied more than 84.69 percent this year so far and have doubled investors’ money in the last one year by surging 116.5%. Similarly, shares of Shree Renuka Sugars have rallied 103.4% in the past one year and Mazagon Dock Shipbuilders jumped 104.6% in the same period.
Gujarat Fluorochemicals hit an all-time high in the last week of trade. In recent times, specialty chemical stocks have been on the rise amid the falling rupee, which has provided an excellent opportunity for the sector as it is export-oriented. Aside from the weaker rupee, supply interruptions, the China+1 strategy, and an increase in global demand have all helped the sector.
Gujarat Fluorochemicals posted strong numbers for Q1FY23 and beat analyst expectations. As per Trendlyne, the company's operating revenue of ₹1,360 crore in the June quarter was one of the highest in the industry. The stock has risen 101.72 per cent in the last one year to ₹3,979.20 from ₹2,101.40.
Fine Organic hit a 52 week high of ₹7,328 in the last month after the company reported strong Q1FY23 numbers. It reported robust June quarter numbers. The company's consolidated net profit rose over four-fold to ₹157.28 crore in the June quarter, as against ₹34.93 crore in Q1FY22. On a sequential basis, net profit grew 29 per cent from ₹122 crore in the March 2022 quarter (Q4FY22).
The stock has rallied 88% so far this year. Furthermore, over the last one year, the market price of the stock has zoomed by 101 per cent.
Meanwhile, Indian markets began to decline from September 21 as a result of the Fed rate announcement, If closing prices were taken prior to the US Fed rate hike, the returns of some of the 12 stocks would have been even higher. For instance, if the closing price of Adani Power on September 20 is taken into account, the annual return will be approximately 277%. Comparably, using the closing price of September 20 as a benchmark, Bharat Dynamics' annual return will be close to 150%. Likewise, the annual return of Schaeffler India and Adani Enterprises are 150% and 155% respectively.
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