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20 stocks gained between 30-99 percent
Economy

20 stocks gained between 30-99 percent

Agency News

With the sensex mounts to the level of 40000 points, in the last five months around 30 percent stocks in the BSE500 index were in a positive terrain.

Among those 30 percent, around half of stocks gave double-digit returns. In which, the top 20 stocks rallied between 30 percent and 99 percent. The main stocks were Adani Green Energy, Shipping Corporation of India, HDFC AMC, Reliance Nippon, Berger Paints, Dr Lal PathLabs, Avenue Supermarts, ICICI Securities, SBI Life, HDFC Life, MCX, GIC Re, Colgate etc.

More than 200 stocks fell double-digit with top 35 stocks declining over 50 percent. These are generally the companies that faced high debt, corporate governance, asset quality concerns etc. The losers include Coffee Day, DHFL, Lakshmi Vilas Bank, Vodafone, Yes Bank, Dish TV, RBL Bank, Edelweiss Financial, Indian Bank, Indiabulls Group stocks etc.

The rally of Sensex was driven only by top 5-6 stocks which included Bajaj Finance (up 13 percent), ICICI Bank (12.4 percent), Reliance Industries (9.4 percent), HUL (19.4 percent), Asian Paints (28 percent) etc.

On the losing side, Yes Bank fell the most, down 63 percent followed by Tata Steel, Coal India, IndusInd Bank, SBI, ONGC, Infosys etc which lost 10-22 percent.