In the first half of FY 2016-17, the Indian stock market recovered, where the Nifty touched a high of 8968 on September 8 while the Sensex rallied to 29077. But the rally was short lived weighed down by issues related to the US interest rate hike, results of US presidential elections, a shallow second quarter earnings and also by the effect of demonetization. But individual stocks in all sectors, be it big cap, mid cap or small cap did give nice returns.
Here we are listing 5 big cap stocks which gained the most in FY 16-17.
Hindalco Industries: Buy | target price of Rs 228
Hindalco Industriesí stocks gave an outstanding performance in FY 2016-17. Rallying over 120% from the levels of Rs. 87 all the way to Rs 195. The company reported a 3 times increase in net profit of Rs. 440 crores in September quarter from the same period previous year. In quarter 3, the company also registered a net profit of Rs. 321 crore against a loss of Rs. 33 crore in the corresponding period previous year.
Yes Bank: Buy | target price of Rs 1820
In the banking industry it was Yes Bank that noted a price hike of 76.76% from sub-1000 level to Rs. 1529.05. Also, Religare has maintained a buy rating on the stock or a target price of Rs. 1,600, which shows a potential hike of 41% from its previous close. Retail deposits of Yes Bank have hiked sby 3-4% in past few days due to demonetization which will increase its margin.
Maruti Suzuki: Buy | target price of Rs 6720
In the 4 wheeler market, Maruti Suzuki has been the great performed in FY 2016-17, with the stock rising 61% to Rs. 6004 backed by new launches including the Swift, Vitara Breeza, IGNIS etc. The increase of its stock price was also assisted by its brand CIAZ which outdid the Honda City to be at the top in the sedan segment.
Tata Steel: Sell | target price of Rs 410
In FY 16-17, Tata Steel has improved by Rs. 174, a gain of 54% quoting at around Rs. 493 against Rs. 319 in the corresponding period last year. The company noted a consolidated profit of Rs. 232 crore in its Q3 earnings.
Bharat Heavy Electricals: Sell | target price of Rs 98
In the capital good segment, heavy engineering company Bharat Heavy Electricals has given a huge 50% gain since March 29, 2016 from the level of Rs. 114 to hit 52 week high of Rs. 172 on March 21, 2017.
To know more about Share market, feel free to contact Research Guru. We are an established and good stock consultant in India.
Images Source: smartlegal.hu
wordpress theme by initheme.com