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The stock markets have not been willing to break out to re-capture the all-time high territory that it was sitting pretty on when the global financial crisis crashed the dreams of investors the world over.
We are talking about the time circa early 2008 when almost every investor under the Sun saw his investments increase hands over fist.
However,investors in India have seen a gradual climb out of the depths of despair by markets and of especial note in effecting this change over the last one year (12 months) have seen some noteworthy stocks like Tata Motors,TCS,M&M,Wipro,and Hindalco.
The amazing rise in demand for cars in India explains the success story of both Tata Motors and M&M,the great part of the story for the former is that it effected this achievement despite having to carry a back-breaking debt burden in the form of its Jaguar,land Rover buy that has been financially sapping,especially as the deal was signed in the pre-meltdown days when the global economy was still rising almost vertically.
Both Wipro and TCS have retained their popularity with investors as their performances have not yo-yoed beyond tolerance levels.
Hindalco though has gone through a roller-coaster ride and its emergence as one of the year’s top performers is truly eye-opening. At one time it was one of the most-shunned stocks and now it is the darling of the markets. It is the metals flagship company of the Aditya Birla Group,one of the world’s largest aluminium rolling companies. Its U-turn came to notice around December 2009 and has carried on from there.
Here are the top top 20 stocks:
COMPANY (gain in %)
TATA MOTORS (148.50%)
TCS (94.40%)
M&M (77.00%)
WIPRO (69.00%)
HINDALCO (64.30%)
ITC (57.50%)
INFOSYS (56.20%)
HERO HONDA (47.80%)
JINDAL S&P (44.80%)
MARUTI SUZUKI (34.10%)
SBI (30.30%)
CIPLA (28.50%)
HDFC BANK (26.70%)
HDFC (23.80%)
ONGC (23.80%)
TATA STEEL (22.30%)
ICICI BANK (15.10%)
TATA POWER (13.50%)
L&T (11.80%)
BHEL (10.30%)