Despite massive drop in the capital markets towards the end of November a number of Nifty Index stocks managed to deliver double digit price returns between 25%-38%. Some of the sectors dominated top ten ranking amongst the index players, IT and Industrial Manufacturing were the sectors which occupied two places respectively, and Textiles had three spots.
The top price gainers among index stocks were almost entirely from the Nifty500 index with exception of two stocks which were from Nifty250. ELGI Equipments (NSE: ELGIEQUIP) delivered the highest price returns of 38% as its share price rose to Rs 275.25 from Rs 199.8. Thermax Ltd (NSE: THERMAX) was another industrial manufacturing stock in the top ten list. Thermax registered price gains of 31% during this period. Thermax stock rose to Rs 1753 from Rs 1341.
Raymond Ltd (NSE: RAYMOND) was the second best price performer amongst nifty stocks. Raymond delivered price gains of 37%, its stock price rose to Rs 641 from Rs 466. Trident ltd (NSE: TRIDENT) was another textile stock in the list though it delivered much lower gains of 31%. Lovable Lingerie Ltd (NSE: LOVABLE) delivered 26% price gains.
NIIT Ltd (NSE:NIIT) was at the third spot with37% price gains, its stock price rose to Rs402 from Rs 299. HCL Infosys (NSE: HCL-INSYS) was another IT stock in the top ten list. It managed to deliver 31% price gains.
Apollo Hospitals Enterprise (NSE: APOLLOHOSP) also delivered price gains of 31% during month of November. TV Today Network (NSE: TVTODAY) delivered 30% gains and its stock price rose to Rs 404 from Rs311.
Welspun Corp Ltd (NSE: WELCORP) managed to deliver 25% price gains as its stock price rose to Rs 165 from Rs131.