Nifty 50 Outperformers: Top stocks that gained over 80% in FY24

Strong Finish

Benchmark equity indices ended on a buoyant note on the last trading day of the financial year 2023-24 against the backdrop of a positive trend in the global market. For the fiscal year 2023-24, Sensex and Nifty delivered strong gains. The Sensex rose 28.6%, while the Nifty climbed 24.8%. These gains outpaced most other major market indices. However, the bigger gainers were the Nifty mid and smallcap indices.

The Nifty Midcap surged 60%, whereas the smallcap index soared 70% and gave its best performance in the last three financial years. India’s total market value surged by ₹133 lakh crore in FY24.

Traders are looking forward to seeing Nifty close above 22,400 levels to assess whether further upsides are likely. Some analysts, however, expect the Nifty to hit new highs in the first week of the new fiscal year.

Coming to the constituents, 48 of Nifty 50 stocks generated positive returns in the last financial year. Here’s a list of the top performers with over 80% gains. Take a look:

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Bajaj Auto

FY24 change: 136%

YTD change: 35%

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Tata Motors

FY24 change: 133%

YTD change: 27%

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Adani Ports and Special Economic Zone

4/8

Adani Ports and Special Economic Zone

FY24 change: 109%

YTD change: 31%

Agencies

Coal India

FY24 change: 101%

YTD change: 15.5%

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Hero MotoCorp

FY24 change: 95%YTD change: 14%

Shriram Finance

FY24 change: 89.5%

YTD change: 15%

iStock

NTPC

FY24 change: 89%

YTD change: 8%

(With data inputs from Ritesh Presswala)

Agencies

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