NIFTY 500, with its top 500 firms, outperformed the NIFTY50 by achieving gains over 38% last year, with some companies recording returns as high as 1,100%. The top five performers showcased exceptional growth, driving the index’s strong performance.
Jai Balaji Industries emerged as the top performer in the NIFTY 500, with its stock price skyrocketing by 1,087% over the past year to ₹926, largely due to a spike in steel prices and robust FY24 financials. The company aims to further enhance margins through strategic cost management and operational efficiencies.
Cochin Shipyard experienced a substantial 860% increase in its share price, driven by securing valuable domestic and international shipbuilding orders. The company’s successful stock split and an extensive order book valued at ₹21,400 crore significantly contributed to this surge.
HUDCO saw its shares ascend by 462%, bolstered by the Indian government’s housing initiatives under the PMAY, which aims to build millions of rural and urban homes. This rise was also supported by HUDCO’s substantial investments in housing and urban infrastructure.
IRFC’s shares soared by 436%, reflecting robust growth fueled by extensive railway infrastructure projects and a solid financial performance. Since its IPO in 2021, IRFC’s shares have notably climbed from their initial price, demonstrating significant long-term value.
Anand Rathi Wealth reported a 348% increase in its shares, attributed to ambitious growth strategies and strong fiscal results. The firm’s profitability and strategic share buyback plan further propelled its market performance, appealing to investors looking for robust returns.
Alongside these companies, NBCC India, Garden Reach Shipbuilders, and Jupiter Wagons Ltd also posted significant returns nearing 300%. Overall, over twenty NIFTY 500 stocks have seen returns around 200%, marking a year of exceptional growth for these top performers.
