Top Rising Companies in 2024 | Top 10 Nifty 50 Performers Torrents, M&M, Achieved Huge Returns of 25-135% in Last 12 Months

Top Rising Stocks in 2024: The Indian stock market hit record highs in the first few months of 2024, but sluggish corporate profits and overseas capital outflows limited annual gains to around 8.5%. This was the lowest level among the world’s major peer companies, further pushing down the rate of increase. Stocks enter correction territory.

Domestic equity benchmarks Nifty 50 and Sensex have risen 8.8% and 8.2%, respectively, this year, marking the ninth straight year of gains, mainly due to support from domestic institutional investors and the continuation of post-ruling Bharatiya Janata Party (BJP) policies. did. I regained my strength.

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Stock benchmarks rose nearly 21% each, hitting record highs on September 27th. It fell into correction territory in November, falling 10% from its record high, but was hit by October’s record monthly foreign selling and slowing revenue growth. . Blue chip stocks are still in correction territory.

Stock market investors INR77.66 million in 2024. The market capitalization (mcap) of BSE-listed companies has soared. INRFrom 7,766,260.19 billion INROn December 31, the 30-share BSE benchmark fell 109.12 points or 0.14 per cent to settle at 78,139.01. NSE Nifty fell marginally by 0.10 points to settle at 23,644.80.

“The final day of the year ended with a small loss despite recovering from the day’s lows. However, consolidation pressures continued amid negative global developments and concerns about rising dollar indexes and US Treasury yields. It is slowing down the momentum in the country,” said Vinod Nair, head of research at Geojit Financial Services.

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“Mainly IT and real estate stocks fell, while other sectors rose.Nevertheless, market focus returned to the domestic Q3 results to gain insight on potential growth and earnings recovery. , is also expected to move into a Union Budget that provides short sales’ emphasis on a medium-term perspective amid global uncertainty,” Nile added.

In the broader market, small-cap and mid-cap stocks will each rise about 24% in 2024, outperforming their benchmarks for the second year in a row, with domestic investors and mutual funds piling in due to the profit potential in these sectors. Ta. Among stocks, Mukesh Ambani’s Reliance Industries, the second-heaviest index constituent, fell 6%, its worst year since 2011 after weak earnings in the past two quarters.

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2024 D-Street Leader

Sectorally, the pharmaceutical index rose 39%, leading the sector in terms of performance, supported by steady sales growth in the domestic and US markets and stable prices in the US. Retailer Torrent rose about 133 per cent, the biggest gainer among Nifty 50 stocks, on the back of solid earnings through the September quarter.

Torrent has emerged as the top gainer in the Nifty 50 in terms of 2024 share price performance, followed by Mahindra & Mahindra (M&M) and Bharat Electronics (BEL). The top 10 best-performing stocks in the Nifty 50, including Torrent, have delivered high returns ranging from 25% to 135%. Below are the top 10 best performing stocks of Nifty 50 in 2024 and their returns over the past 12 months.

Top 10 Nifty 50 stocks to perform in 2024:

1. Torrent

The Tata Group-owned retail giant has emerged as the best-performing stock in the Nifty 50 of 2024 with an impressive return of 133.17 per cent on investments made in the last 12 months. This growth was driven by stable corporate revenue growth till the end of September quarter of FY25.

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2.M&M

The auto major emerged as the second best-performing large-cap stock in Nifty 50 in 2024 with a strong return of 73.88 per cent on investments generated in the last 12 months. M&M has increased sales growth and attracted the attention of investors with new product offerings, particularly in the electric vehicle sector.

3. Bell

The state-owned defense major has emerged third among Nifty50’s best-performing large-cap stocks in 2024 with a return of 59.15 per cent on investments generated in the last 12 months. Government mandates and a high-growth sector have made BEL a favorite of investors in recent quarters.

4. Bharti Airtel

India’s leading telecom giant has emerged as the fourth best-performing large-cap stock in Nifty 50 in 2024 with a return of 53.82 per cent on investments generated in the last 12 months. Airtel’s pricing plans and competitive advantage over Reliance Jio make Airtel a solid buy for market enthusiasts.

5. Sun Pharmaceutical

The drug maker emerged as the fourth best-performing large-cap stock in Nifty 50 in 2024 with a return of 49.78% on investments generated in the last 12 months. Sun Pharma has achieved stable earnings compared to its peers in the current financial year due to its superiority in high-growth sectors.

6. Shriram Finance

Shriram Group of Companies is one of the best-performing large-cap stocks in Nifty 50 in 2024 with a return of 40.71% on investments generated in the last 12 months. Recent bulk deals and acquisitions by promoter groups have led to steady revenue growth and positive returns for the insurance company.

7. Tech Mahindra

The IT major is one of the best-performing stocks of Nifty 50 in 2024 with a return of 34.07% on investments generated in the last 12 months. Tech Mahindra’s steady growth in net profit and revenue over the past few quarters has garnered significant attention from market experts and investors.

8.HCL Technologies

India’s third-largest IT services giant is one of the best-performing stocks in the Nifty 50 for 2024, with an investment return of 30.78% over the past 12 months. HCL Tech’s focus on serving diverse industries and geographies has led to impressive stock price movements over the past year.

9.India Power Grid Corporation

The state-run power generation company is one of the best-performing stocks in Nifty 50 for 2024, with a return on investment generated in the last 12 months at 30.78%. Power Grid’s capex guidance and government financing have resulted in steady profit growth over the past few quarters, which has been positive for stock returns.

10.Bharat Petroleum Corporation Limited (BPCL)

Oil Marketing Company (OMC) is ranked 5th among Nifty 50 top performers in 2024 with investment return of 29.79% over the past 12 months. BPCL’s focus on greenfield refinery construction and state projects has earned it positive ratings from analysts and stable returns in excess of equity.

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Outlook for 2025:

India’s stock market in 2025 is expected to ride on strong economic growth and government efforts to boost infrastructure and digital innovation. Sectors such as capital goods, technology, financial services, consumption and healthcare are expected to shine. Semiconductors, electronics, renewable energy and electric mobility will receive even more attention.

India’s growth story remains strong, with several positive developments in 2024 reinforcing our optimistic outlook for next year, says Vijay Baladia, Managing Partner and CIO, Wallfort PMS. Masu. Significant advances in infrastructure development, a thriving manufacturing industry and ongoing digital transformation are laying the foundations for economic growth.

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These factors, along with strong domestic consumption and healthy corporate profits, have given market analysts and economists growing confidence that India is well-positioned to continue to succeed in 2025.

“Going forward, market direction will be heavily influenced by factors such as investor confidence, government policy, the federal budget, third quarter results, the new US president and the potential impact on global trade. These will influence the course of the market in 2025,” said Vishnu Kant Upadhyay, AVP, Research and Advisory, Master Capital Services Ltd.

Disclaimer: The views and recommendations provided in this analysis are those of the individual analysts or brokerage firms and not of Mint. Market conditions can change rapidly and individual circumstances may differ, so before making any investment decisions, consult a certified professional, consider your personal risk tolerance, and conduct a thorough We strongly encourage investors to do their research.