February 18, 2024
Jan-2024 Sees Over 45 Nifty 500 Stocks Surge 10-50%; Sobha and JBM Auto Among Top Gainers – Full List Inside
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Jan-2024 Sees Over 45 Nifty 500 Stocks Surge 10-50%; Sobha and JBM Auto Among Top Gainers – Full List Inside

Jan-2024 Sees Over 45 Nifty 500 Stocks Surge 10-50%; Sobha and JBM Auto Among Top Gainers – Full List Inside/Pixabay

Jan-2024 Sees Over 45 Nifty 500 Stocks Surge 10-50%; Sobha and JBM Auto Among Top Gainers – Full List Inside

Indian Market Wraps Up 2023 with 20% Gain in Nifty 50

India’s market concluded the year 2023 on a positive note, with the Nifty 50 registering a 20% gain, marking the eighth consecutive year of positive returns. The mid- and small-cap stocks stood out as the standout performers, yielding multibagger returns. Analysts express optimism about the continuation of the bull run in 2024, attributing it to factors such as the rising elements of the capex cycle, improved liquidity, and robust corporate earnings.

Sun Pharma Advanced Research Company witnessed a significant rally in January, delivering a return of 34.45%. Real estate developer Sobha experienced a sharp gain of 35% in the current month, its best monthly performance since January 2012. Other real estate stocks, including Prestige Estates Projects, Godrej Properties, and Macrotech Developers, also delivered notable returns.

JBM Auto, a stock gaining over 30% in January, was boosted by reports suggesting government plans for funds to boost electric bus mobility. Easy Trip Planners, a leading online travel platform, saw a 19% surge in its share price, reaching a new 52-week high. Mangalore Refinery and Petrochemicals, NCC, Century Textiles, Motilal Oswal, Engineers India, GFSC, and Yes Bank were among the stocks gaining between 20% and 26% in January.

Several other stocks, including Adani Ports and SEZ, JSW Energy, Borosil Renewables, BLS International, Mahindra Logistics, Cochin Shipyard, Suzlon Energy, Hitachi Energy, Godrej Industries, Poonawalla Fincorp, Biocon, MMTC, Lemon Tree Hotels, Tube Investments, RattanIndia Enterprises, HPCL, EIH Hotels, Zomato, Finolex Industries, Shriram Finance, IRB Infra, Nippon Life India Asset Management, Nykaa, Adani Energy Solutions, Abbott India, Just Dial, IIFL Finance, Capri Global, Alembic Pharma, DLF, and KFIN Tech, yielded returns in the range of 10–18% in January so far.

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