The BSE Larcap Index has delivered 4.26 percent returns in the last quarter (Q4FY24) accompanied by robust expansion, results, and growth delivered by the large-cap companies.
People generally prefer large-cap stocks for stable and mature investments due to their high market capitalization, years of operations, growth, consistency, and others making them less volatile during market downturns, offering investors a safer investment option.
Here are some of the large-cap stocks that delivered excellent returns in Q4FY24.
Oracle Financial Services
Oracle Financial Services Limited is engaged in providing financial software, IT infrastructure management, custom application development, consulting, and outsourced business processing services catering to various needs of the financial services industry.
With a market capitalization of Rs. 76,218 Crores, the shares of Oracle Financial Services Limited closed at Rs. 8,793.95, down 0.05 percent from its previous day’s close price of Rs. 8,798.35.
In Q4FY24 Oracle Financial Services Limited delivered multibagger returns of 108 percent by jumping from Rs. 4,214.85 at the beginning of Q4FY24 to Rs. 8,766.05 at the end of Q4FY24.
Its revenue from operations grew by 25.87 percent from Rs. 1,449 Crores in Q3FY23 to Rs. 1,824 Crores in Q3FY24, accompanied by profits of Rs. 437 Crores to Rs. 741 Crores.
Oil India
Oil India Limited is a Maharatna central public sector enterprise under the Ministry of petroleum and natural gas, engaged in the exploration, development, and transportation of crude oil, natural gas, and LPG.
With a market capitalization of Rs. 68,242 Crores, the shares of Oil India Limited closed at Rs. 629.30, up 1.25 percent from its previous day’s close price of Rs. 621.55.
In Q4FY24 Oil India Limited delivered a return of 61 percent by jumping from Rs. 372.15 at the beginning of Q4FY24 to Rs. 600.25 at the end of Q4FY24.
Its revenue from operations grew by 3.35 percent from Rs. 9,302 Crores in Q3FY23 to Rs. 9,614 Crores in Q3FY24, accompanied by profits of Rs. 2,529 Crores to Rs. 2,608 Crores.
Cummins India
Cummins India Limited is engaged in designing, manufacturing, distributing, and servicing diesel and alternative fuel engines for power generation, industrial and automotive markets. It is used in sectors like marine, railways, defence, mining, power, and many more.
With a market capitalization of Rs. 83,825 Crores, the shares of Cummins India Limited closed at Rs. 3,024, down 0.12 percent from its previous day’s close price of Rs. 3,027.50.
In Q4FY24 Cummins India Limited delivered a return of 53 percent by jumping from Rs. 1,963.95 at the beginning of Q4FY24 to Rs. 3,006.25 at the end of Q4FY24.
Its revenue from operations grew by 16.18 percent from Rs. 2,181 Crores in Q3FY23 to Rs. 2,534 Crores in Q3FY24, accompanied by profits of Rs. 360 Crores to Rs. 455 Crores.
Indian Railway Finance Corporation
Indian Railway Finance Corporation is a dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets for supporting infrastructure development of Indian Railways, to finance the acquisition/creation of assets which are then leased out to the Indian Railways as a finance lease.
With a market capitalization of Rs. 1,93,217 Crores, the shares of Indian Railway Finance Corporation Limited closed at Rs. 147.85, up 2.82 percent from its previous day’s close price of Rs. 143.80.
In Q4FY24 Cummins India Limited delivered a return of 43 percent by jumping from Rs. 99.35 at the beginning of Q4FY24 to Rs. 142.35 at the end of Q4FY24.
Its revenue from operations grew by 8.47 percent from Rs. 6,218 Crores in Q3FY23 to Rs. 6,742 Crores in Q3FY24, accompanied by profits of Rs. 1,633 Crores to Rs. 1,604 Crores.
Written by: Bharath K.S
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.
