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49 of Nifty 50 stocks log gain for month

The stocks are led by Reliance Infra,Grasim and L&T.

Written by Agencies | Mumbai | Published: July 3, 2012 8:41:18 pm

Helped by an uptrend in the stock market over the past few days,as many as 49 of the 50 Nifty stocks have moved into positive territory on monthly basis,.led by Reliance Infra,Grasim and L&T on the top

Except for HCL Technologies,all the 50 stocks from the Nifty index have given positive return in the past 30 days,the NSE data showed today. HCL Tech is also trading with only a marginal decline of 2.1 per cent for this period.

Since the beginning of 2012 also,Reliance Infra has given the maximum return of 64 per cent,followed by BPCL (55 per cent),Asian Paints (49 per cent),IDFC (48 per cent) and L&T (40 per cent).

Among the top gainers for past 30 days,Anil Ambani-led Reliance Group firm R-Infra is up 29 per cent,followed by Grasim (19.6 per cent),L&T (19.1 per cent),Sterlite Industries (18.8 per cent) and Ambuja Cements (16.9 per cent).

Besides,HDFC Bank,JP Associates,Tata Power and ACC have gained more than 15 per cent,while the rise is of more than 10 per cent for as many as 16 stocks including DLF,ONGC,ICICI Bank,Hero Honda,IDFC,GAIL,PNB,NTPC,BHEL,Sun Pharma,Maruti,Coal India,Siemens,M&M,Tata Steel and Kotak Mahindra Bank.

The benchmark index Nifty has gained 9.1 per cent during this period,but most of the gains has been registered in the past few days only.

The stocks which have underperformed Nifty during this period include SAIL,Wipro,Cairn India,TCS,Ranbaxy and Tata Motors,besides large caps like Infosys,Reliance Industries and SBI.

RIL and SBI have gained about 6 per cent,while Infosys is up about 4.5 per cent for this period.

However,for the past one-year period,a majority of Nifty stocks are still trading in the red. While Nifty has fallen about 6 per cent in the past 365 days,a total of 19 stocks have managed to post gains. The major gainers for this period include Ambuja Cements,ACC,HUL,Sun Pharma and Grasis.

The stocks having fallen the most in this period include BHEL,Sterlite Industries,Hindalco,SAIL and Sesa Goa.

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