Out of 191 stocks, shares of Rajesh Exports surged the most — 318 per cent, followed by SpiceJet (up 291 per cent), Gayatri Projects (up 275 per cent), Kwality Ltd (up 202 per cent) and Nilkamal (up 201 per cent).
The past one year has remained tough for equity investors as the benchmark indices BSE Sensex and NSE Nifty fell nearly 15 per cent on account of global markets sell-off.
In the past twelve months couple of factors that dampened market sentiments are China slowdown, global sell-off, rupee depreciation, falling commodities prices, selling by foreign institutional investors and tepid earnings growth of India Inc.
However, around 191 stocks in the BSE 500 index defied market trend and surged up to 318 per cent during the period. The BSE 500 index accounts for more than 90 per cent of overall market capitalisation of BSE.
Out of 191 stocks, shares of Rajesh Exports surged the most — 318 per cent, followed by SpiceJet (up 291 per cent), Gayatri Projects (up 275 per cent), Kwality Ltd (up 202 per cent) and Nilkamal (up 201 per cent). For the list of stocks that jumped over 100 per cent in the past one year see table Bull Run.
On the other hand, 33 stocks tumbled over 50 per cent in the past one year till February 1, 2016. The list included shares such as Sunrise Asian that fell 90.42 per cent to Rs 48.85. The scrip was trading at Rs 510 on February 2 last year. Other stocks that fell over 50 per cent in a year included Adani Enterprises (down 88.60 per cent), Castex Technologies (down 84.32 per cent), Amtek Auto (down 78.89 per cent) and IDFC (down 77.15 per cent).
Domestic equity markets started the New Year on a weak note. The month of January remained one of the worst first month for the equity markets in the past five years with indices plunging nearly 5 per cent on account of selling pressure by foreign institutional investors. The net outflows by FIIs in January 2016 stood at Rs 11,126 crore, which is the worst in the past eight years as far as January is concerned.
For upcoming trading sessions, Sudip Bandyopadhyay, managing director and CEO, Destimoney Securities, said, “Domestic equity markets are likely to remain volatile in the first half of 2016.”