The NIFTY 50 is a benchmark stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE)
In FY24 the Nifty 50 index grew by 30 percent by adding 5,246 points from 17,080.70 levels at the end of FY23, to 22,326.90 levels on March 28, 2024. Listed below are some of the top-performing Nifty 50 stocks of FY24.
Tata Motors
Tata Motors Limited is a leading automobile manufacturer offering a wide and diverse portfolio of cars, sports utility vehicles, buses, trucks, and defence vehicles across its global presence.
With a market capitalization of Rs. 3,29,998 Crores, the shares of Tata Motors Limited closed at Rs. 993, up 1.45 percent from its previous day’s close price of Rs. 978.80.
Tata Motors Limited delivered multibagger returns of 143 percent in FY24 and it touched its all-time high price of Rs. 1,065.65 on March 5, 2024
Its revenue from operations grew by 24.96 percent from Rs. 88,489 Crores in Q3FY23 to Rs. 1,10,577 Crores in Q3FY24, accompanied by profits of Rs. 3,043 Crores to Rs. 7,145 Crores.
Bajaj Auto
Bajaj Auto Limited is engaged in the business of developing, manufacturing, and distributing motorcycles, commercial vehicles, Electric Vehicles, and parts associated with it.
Some of the famous vehicle brands sold by the company are Discover, Pulsar, Dominar, KTM, Avenger, Chetak, and many more through its own, joint venture and associated companies.
With a market capitalization of Rs. 2,55,307 Crores, the shares of Bajaj Auto Limited closed at Rs. 9,144.90, down 0.29 percent from its previous day’s close price of Rs. 9,171.40.
Bajaj Auto Limited has delivered multibagger returns of 135 percent in FY24 and it touched its all-time high price of Rs. 9,050 on March 22, 2024
Its revenue from operations grew by 30.53 percent from Rs. 9,319 Crores in Q3FY23 to Rs. 12,165 Crores in Q3FY24, accompanied by profits of Rs. 1,473 Crores to Rs. 2,033 Crores.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 2,67,308 Crores, the shares of Coal India Limited closed at Rs. 433.75, up 0.70 percent from its previous day’s close price of Rs. 430.75.
Coal India Limited has delivered multibagger returns of 104 percent in FY24 and it touched its all-time high price of Rs. 487.60 on February 16, 2024
Its revenue from operations grew by 2.80 percent from Rs. 35,169 Crores in Q3FY23 to Rs. 36,154 Crores in Q3FY24, accompanied by profits of Rs. 7,719 Crores to Rs. 9,094 Crores.
Hero Motocorp
Hero Motocorp Limited is engaged in the development, manufacturing, marketing, sale, and distribution of two-wheelers, parts, and accessories related to it. Some of the well known sold by the company are splendor, XPulse, Xoom, Vida and many more.
With a market capitalization of Rs. 94,307 Crores, the shares of Hero Motocorp Limited closed at Rs. 4,712, up 3.21 percent from its previous day’s close price of Rs. 4,570.60.
Hero Motocorp Limited has delivered multibagger returns of 105 percent in FY24 and it touched its all-time high price of Rs. 4,949.05 on February 12, 2024
Its revenue from operations grew by 20.57 percent from Rs. 8,118 Crores in Q3FY23 to Rs. 9,788 Crores in Q3FY24, accompanied by profits of Rs. 721 Crores to Rs. 1,091 Crores.
Adani Ports & Special Economic Zone
Adani Ports & Special Economic Zone Limited is engaged in the business of developing, operating, and maintaining port infrastructure and providing port services related to it. It operates Mundra Port which is India’s largest port.
With a market capitalization of Rs. 2,89,825 Crores, the shares of Adani Ports & Special Economic Zone Limited closed at Rs. 1,341.70, up 1.34 percent from its previous day’s close price of Rs. 1,323.95.
Adani Ports & Special Economic Zone Limited has delivered multibagger returns of 107 percent in FY24 and it touched its all-time high price of Rs. 1,356.55 on March 4, 2024
Its revenue from operations grew by 44.58 percent from Rs. 4,786 Crores in Q3FY23 to Rs. 6,920 Crores in FY23, accompanied by increasing profits of Rs. 1,337 Crores to Rs. 2,208 Crores.
Written by Bharath KS
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
