10 Nifty 50 stocks delivered up to 51% returns in FY23; ITC topped the list

With returns of over 50%, ITC emerged as the top gainer in the Nifty 50 index. So far in FY23, the stock has surged from around ₹249.20 to ₹378 levels, logging a nearly 51.68% rise in this period. M&amp;M was another top gainer in the Nifty 50 index. The stock has climbed from ₹793.35 to ₹1,150 in the current fiscal year, generating a return of 45%.

Stock picks: DART lists 8 largecap stocks including HUL, Airtel with up to 45% upside potential

On the back of high inflation and other macro concerns, domestic brokerage house DART (Dolat Analysis and Research Themes) continues to prefer bottoms-up stock picks. It believes that the current environment continues to be fluid and this may well extend into the Q4 earnings season, hence, the returns for the broader market may also be backloaded for the CY23. Having said that, DART also believes that the best-case return scenario for Nifty is a low double-digit for the next 12 months odd, unless there is a sharp drawdown on the index. Amid this portfolio positioning, Let's take a look at its top largecap picks.

Mahindra & Mahindra Q3 profit climbs 14% to 1,528 crore

<ul><li>Its revenue surged 41 per cent to ₹21,654 crore for the third quarter compared to ₹15,349 crore in the year-ago period.</li></ul>

M&M to invest ₹10,000 crore on manufacturing, development of electric vehicles in next 7-8 years

<ul><li>The investment of ₹10,000 crore for electric vehicles has been approved under the Maharashtra government's industrial promotion scheme for electric vehicles.</li></ul>

M&M shares surge over 50% in 2022; Does this auto major still has room to grow?

M&amp;M's 52-week low and high levels were Rs. 671.2 apiece and Rs. 1,366.6 apiece, respectively. Taking Thursday's closing price of ₹1,293 into account, it has risen 66.30 percent from its 52-week low.

Mahindra in talks to raise up to $500 million for EV push

Mahindra is in early talks with global green funds and private equity firms, the person said, adding that it wants a long-term investor who can help build out its EV business.

Mahindra & Mahindra to acquire Swaraj Engines' 17.41% stake from Kirloskar Industries

The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 per cent from 34.72 per cent, M&amp;M said in a regulatory filing.

M&M Stock Check: Here's what fundamental and technical analysts say about investing in it 

<ul><li>M&amp;M is to announce its June quarter earnings today and brokerage firms expect a healthy set of numbers form the automobile player.</li></ul>

M&M Q1 consolidated profit after tax at ₹2,360.70 crore

M&amp;M had posted a consolidated loss after tax of ₹331.74 crore in the year-ago period, M&amp;M said in a regulatory filing.

M&M passenger vehicle sales up 33% in July at 28,053 units; stock jumps 7%

M&amp;M had sold 21,046 units in the same month last year, Mahindra &amp; Mahindra (M&amp;M) said in a regulatory filing.

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10 Nifty 50 stocks delivered up to 51% returns in FY23; ITC topped the list

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