11 Stocks That Doubled in a Year

Since last year there been quite a tumultuous one for the market, with the underlying indices posting an increase of around 4 percent.

The market performance was overall mixed as the BSE average cap rise 1.7 percent and the Small Cap Index got down to 2.4 percent, but there were 11 stocks in the BSE500 index that delivered outstanding returns over the past year, including Mazagon Dock Shipbuilders. Adani Power, Indian Bank, Varun. Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas.

State-owned shipbuilder Mazagon Dock Shipbuilders has topped the list of growth leaders, climbing 178% year-on-year amid increased government focus on the defense sector.

However the company is yet to release its quarterly earnings for the December quarter of fiscal year 23, but for the 6 period ending in September of fiscal year 23, it posted a strong 85 percent year-on-year increase in consolidated earnings to Rs 439 crore and a 41% growth in revenue. from operations for Rs 3,933 crores.

In the present fiscal year (FY 23), the government has allocated Rs 5.25 million to the defense sector, up nearly 10% from the previous budget estimate, with a focus on modernizing defense services and developing security infrastructure.

The Great Eastern Shipping Company posted similar results, up 105% from last Republic Day. With a presence in the international maritime industry, its shipping business operates in two main areas – bulk carriers and tankers.

The company will announce its quarterly profit on January 31, 2023, but in the last six months ended September, consolidated profit rose 421 percent to Rs 1,226 crore and revenue rose 70% to Rs 2,813 crore compared to the corresponding period last financial year. .

Lloyds Metals and Energy, a steel, iron ore and direct reduced iron producer, is up 154 percent since last Republic Day.

This mid-cap company recorded very stable and strong earnings growth for the quarter ended December 23rd fiscal year as consolidated profit for the quarter was Rs 230 crore against a loss of Rs 26.2 crore for the corresponding period last year, and consolidated earnings increased 61 percent by consistent basis.

Operating revenue rose 494 percent year-on-year and 48 percent sequentially to Rs 1,000 crore in the third quarter of fiscal year 2023, driven by increased volumes of iron ore and sponge iron.

Shares in Adani’s two groups – Adani Power and Adani Total Gas – have also attracted strong investor interest, posting 144 percent and 100 percent rallies respectively over the past year.

City gas distribution company Adani Total Gas carry on to report good earnings with profit for the first half of fiscal year 23 up 90 percent year-over-year to Rs 2,301 crore while up 73 percent in September fiscal year 23, although earnings over the same period fell by 7 percent and 12 percent, respectively, mainly due to higher input gas prices amid geopolitical factors, as well as supply shortages around the world.

Given the increased demand for electricity, after the government focused on the infrastructure and manufacturing segments, electricity reserves have come into focus.

Among them, Adani Power caught the attention of investors by recording an 87 percent year-on-year increase in consolidated revenue in the first half of FY23, thanks to higher tariff implementation and higher recognition of one-time revenue.

Its revenue rose 114 times to Rs 5,475 crore in the same period due to higher operating income including non-recurring income.

Banks have also been in the spotlight with net balance sheets and increased demand for credit. In fact, experts are betting on the banking space for the year ahead as they feel the space is in a winning position. UCO Bank and Indian Bank posted their best results since Republic Day 2022, rising 133 percent and 116 percent respectively, well ahead of BSE Bankex, which added 10 percent over the same period.

Amongst others, Varun Beverages, Rail Vikas Nigam, Swan Energy and RHI Magnesita India also had very good results, rising from 100 to 113 percent.

In general, the year was marked by many problems related to the outbreak of the Ukrainian-Russian war, rising oil prices, tightening policy by the world’s central banks to contain higher inflation, concerns about income and economic growth, and the sale of FII, but domestic investors kept them firm faith, being net buyers in the same period.

The coming year also seems volatile, at least for the next few months, given fears of slower growth in the Western world following aggressive rate hikes and continued rate hikes by the US Federal Reserve.

This could be followed by some recovery in the second half of the year as India has taken many stimulus initiatives over the past few years, which has helped stock markets outperform other markets over the past couple of years. Even the economy performed well over the past year, outperforming the global economy.

“In the first 3 to 6 months of calendar year of 2023, we will see the economic impact of an interest rate hike in the same way that several countries have done. We will see the same impact on the growth rate of companies and the economy,” said Thridip Bhattacharya, director of investment and equity at Edelweiss Asset Management.

Once we get through this sometime in the second quarter of the calendar year, he said, the global economy is likely to bottom out and there could be a good economic recovery.

Ragvendra Nath of Ladderup Wealth Management said after two amazing years in the stock markets fueled by an economic recovery, a surge in profits and strong liquidity, there is a good chance there could also be good returns in 2023, but will be more stock-specific. . and not so much at the broader market level.