The year 2017 was rewarding one for Dalal Street, with over 80 stocks on the BSE 500 more than doubling investors' wealth during the year, even as the S&P BSE Sensex rallied 27%. Two stocks - HEG and Indiabulls Ventures - delivered over 1,000% during the period.
There were at least 79 stocks on the BSE-500 that gained over 100% in 2017. By comparison, the BSE-500 and the S&P BSE Sensex advanced 35% and 27%, respectively.
The top performer HEG, engaged in manufacturing of graphite electrodes, spiked as much as 1,380% in 2017. The industrial goods company's sales revenue and operating profit grew by 101% and 778%, respectively in the September quarter as compared to the same quarter of 2016. Earlier this month, rating agency India Ratings & Research (Ind-Ra) had upgraded the credit rating of the company as 'IND A+' with a positive outlook.
Indiabulls Ventures was a close second, rallying 1179% so far in 2017 even as market regulator Securities and Exchange Board of India (Sebi) allegedly raised a red flag on the sharp rally in the stock following a preferential allotment to institutional investors between April and June.
In September, Global brokerage house CLSA added the stock in its Asia ex-Japan long-only portfolio. READ FULL REPORT
Graphite electrodes manufacturer, Graphite India, surged over 800% this year. The company's sales revenue jumped 35.8% year-on-year in the September quarter, while EPS grew over 460%.
Venky's India, and Rain Industries rallied over 500% each, while Bombay Dyeing & Manufacturing Company, Avanti Feeds, and Himadri Speciality Chemical gained 487%, 411% and 362%, respectively.
There were some losers as well. At least 29 stocks on the BSE 500 shed in the range of 10 to 66% so far in 2017. These include Sintex Industries (down 66%), Lupin (down 40%), Glenmark (down 33%), Siti Networks (down 33%), Advanced Enzyme Technologies (down 29%), and Dena Bank (down 22%) etc.
Top 10 best performers on BSE-500
| Stock price (Rs) | |||
|---|---|---|---|
| Stock name | 30-Dec-2016 | 28-Dec-17 | (% change) |
| HEG | 150.00 | 2221.30 | 1380.87 |
| Indiabulls Ventures | 20.55 | 263.00 | 1179.81 |
| Graphite India | 72.95 | 678.70 | 830.36 |
| Rain Industries | 54.80 | 362.10 | 560.77 |
| VenkyS (India) | 427.90 | 2788.70 | 551.72 |
| Bombay Dyeing & Manufacturing Company | 47.25 | 277.35 | 486.98 |
| Avanti Feeds | 490.95 | 2507.85 | 410.82 |
| Himadri Speciality Chemical | 33.30 | 154.05 | 362.61 |
| Phillips Carbon Black | 222.85 | 976.60 | 338.23 |
| Dilip Buildcon | 229.25 | 999.30 | 335.90 |
Top 10 worst performers on BSE 500
| Stock price (Rs) | |||
|---|---|---|---|
| Stock name | 30-Dec-2016 | 28-Dec-17 | % change |
| Sintex Industries | 75.00 | 25.25 | -66.33 |
| Lupin | 1483.70 | 880.85 | -40.63 |
| Glenmark Pharmaceuticals | 888.55 | 592.85 | -33.28 |
| Siti Networks | 38.10 | 25.50 | -33.07 |
| Advanced Enzyme Technologies | 396.75 | 278.55 | -29.79 |
| Multi Commodity Exchange Of India | 1266.55 | 938.30 | -25.92 |
| Indo Count Industries | 163.60 | 125.35 | -23.38 |
| Dena Bank | 32.75 | 25.35 | -22.60 |
| Strides Shasun | 1060.60 | 829.60 | -21.78 |
| Bank Of Maharashtra | 28.60 | 22.40 | -21.68 |