Last Quarter Indian capital markets witnessed hectic buying which resulted in stocks markets shattering all previous records. During this period a few of Nifty Index stocks have delivered stupendous returns of over 60% compared to 10% jump in the index.
Of these ten stocks seven were from Nifty500 and remaining from Nifty250 index. Though the sectoral composition was diversified but extensive investments in Construction and Textiles helped it to corner four positions.
Hindustan Oil Exploration (NSE: HINDOILEXP) was the topmost performer in the list with 77% price gains during last three months. HINDOILEXP share prices soared from Rs 119 to Rs 211 by 30 Sep. logistics firm Allcargo Logistics (NSE: ALLCARGO) which had announced delisting move came second with 75% price gains. Welspun India (NSE: WELSPUNIND) was another stock that delivered 75% price gains during the last quarter, its stock rose to Rs 169 from Rs 96 in the beginning of July.
Prestige Estates Projects (NSE: PRESTIGE) and Sobha (NSE: SOBHA) were the tow construction sector stocks that made it to the list. PRESTIGE delivered 72% price gains during this period while SOBHA managed to gain by 68%.
Trident (NSE: TRIDENT) was another textile stock in the top ten list. TRIDENT managed to deliver price returns of 71% during this period as its stock price rose to Rs 28 from Rs 16.
TD Power Systems (NSE: TDPOWERSYS) delivered price gains of 68% as its stock price rose from Rs 184 to Rs 309. Godrej Propoerties (NSE: GODREJPROP) was the second construction industry stock in the list with 67% price gains during the period.
Gujarat Alkalies & Chemicals (NSE: GUJALKALI) and MindTree (NSE: MINDTREE) were the two stocks at the bottom of the list. GUJALKALI was the sole stock from the Chemicals sector in the list with 665 price gains. MINDTREE was also the sole IT services stock in the list with 63% price gains during the week.