Updated on 5 April 2017
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Some stocks surged up to 850 percent in FY17, do you know them?
The benchmark equity indices managed to deliver healthy returns to investors in FY17 despite couple of adverse events such as the UK vote to leave the EU, demonetisation of high-value currency notes at home, victory of protectionist Donald Trump in the US presidential election and the US Federal Reserve’s move to end soft money regime.
Financial year 2016-17 made investors richer by Rs 27 lakh crore, as total market capitalisation of all the listed stocks on BSE surged from Rs 94.75 lakh crore at the end of the financial year 2015-16 to Rs 121 lakh crore as of March 31, 2017.
During the financial year gone by, benchmark BSE Sensex notched up gains of over 16 per cent, whereas NSE’s Nifty50 put up an even better show, registering a gain of 18.55 per cent.
But some little-known stocks surged up to 800 per cent in the same period.
In the BSE500 index, 10 stocks gave over 150 per cent return to investors during the financial year 2016-17. Escorts topped the chart with 288 per cent gains, followed by Rain Industries (up 265 per cent), GNFC (up 252 per cent), Vedanta (up 205 per cent) and Manappuram Finance (up 180 per cent).
Shares of Edelweiss Financial Services, V-Guard, Delta Corp, Motilal Oswal Financial Services and Indian Bank surged 179 per cent, 177 per cent, 174 per cent, 168 per cent and 167 per cent, respectively, in FY17.
On the other hand, stocks of Intellect Design, Ramco Systems, Majesco, Divi’s Lab and Inox Wind slipped 49 per cent, 46 per cent, 41 per cent, 36 per cent and 34 per cent, respectively.
Within the listed universe of BSE, 10 stocks from nine different sectors soared between 500 per cent and 850 per cent in last 12 months. The list included Medicamen Biotech, which rose the most at 835 per cent to Rs 519 as of March 31, 2017 from Rs 55.55 on April 1, 2016. Prime Securities advanced 831 per cent to Rs 34.45 from Rs 3.70.