Most equity investors have witnessed handsome gains in the last year. The benchmark equity index BSE Sensex has surged 21% in the one year from January 30, 2023, to January 29, 2024. While the broader market index BSE500 has given a 32% return in the same duration. On the other hand, select stocks have also given multi-bagger returns in the last 12 months.
The data available from ACE Equity showed that select 10 stocks from the BSE 500 universe have surged up to 448 % in just one year. Here are the top 10 gainers in this list.
Indian Railway Finance Corporation (IRFC): This finance sector PSU stock is the biggest gainer in the BSE 500 index. IRFC’s share price has surged 448% to Rs 170.85 on January 29 from Rs 31.20 a year ago. It has a current market capitalisation (m-cap) of Rs. 2.23 lakh crore.
Suzlon Energy: this renewable energy sector stock has gained 383% to Rs 43.27 from Rs 8.96 in the 12 months. It has the latest m-cap of Rs 58,902 crore.
It is followed by another finance sector, PSU stock REC Ltd. REC share price has surged 330 per cent to Rs 499.75 from Rs 116.1 in 12 months. It has m-cap of Rs 1.32 lakh crore.
With gains of 322%, Ircon International is at the number four in this list. This infrastructure sector PSU’s share jumped to Rs 244.2 on January 29, 2024, from Rs 57.9 a year ago. It has m-cap of Rs 22,967 crore.
Ircon International is followed by the iron & steel sector company Jindal Saw. Jindal Saw’s share price has surged 321% to Rs 519.3 and has the latest m-cap of Rs 16,605 crore.
Rail Vikas Nigam: This infrastructure PSU stock surged 312% to Rs 299 from Rs 72.5 and has a market valuation of Rs 62,332 crore.
Power Finance Corporation's share gained 311% to Rs 447 from Rs 108 and has a current m-cap of Rs 1.47 lakh crore.
Apar Industries surged (308%), SJVN gained (284%) and Kaynes Technology India jumped (276%) are other major gainers in this list. One key point is that in the top 10 performing stocks, as many as 6 are PSUs.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
The average stock market return is about 10% per year, as measured by the S&P 500 index, but that 10% average rate is reduced by inflation. Investors can expect to lose purchasing power of 2% to 3% every year due to inflation. » Learn about purchasing power with the inflation calculator.
A good return on investment is generally considered to be around 7% per year, based on the average historic return of the S&P 500 index, adjusted for inflation.
Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.
The historical average yearly return of the S&P 500 is 9.88% over the last 20 years, as of the end of April 2024. This assumes dividends are reinvested. Adjusted for inflation, the 20-year average stock market return (including dividends) is 7.13%.
We saw in the previous section that investing in the S&P 500 has historically allowed investors to double their money about every six or seven years. Your initial $1,000 investment will grow to $2,000 by year 7, $4,000 by year 14, and $6,000 by year 18.
The Amazon share price had an initial spike after two years but tailed off in 2002. The dot.com boom followed, and Amazon became the world's largest retailer. That's an average stock market return of over 287,000%.
Introduction: My name is Pres. Carey Rath, I am a faithful, funny, vast, joyous, lively, brave, glamorous person who loves writing and wants to share my knowledge and understanding with you.
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