Top-performing Stocks | BSE, JM Financial among 5 stocks that have grown by one-third in 1 month; every Rs 30,000 invested turned into Rs 40,000
As the domestic stock market continues to scale record highs, with the Nifty50 index touching the 26,000 mark for the first time on September 24, here is a list of stocks that have rewarded investors phenomenally in the past 30 days. These stocks are: JM Financial, Godfrey Phillips, Gujarat Fluorochemicals, Concord Biotech, and BSE. Read on to learn more on their returns.
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Share Market News: With Dalal Street ending Tuesday's session on a modest note—a day that saw benchmark indices reach fresh peaks—several stocks have rewarded investors with handsome returns over the past few weeks. For instance, five stocks—JM Financial (JMFINANCIL), Concord Biotech (CONCORDBIO), Godfrey Phillips (GODFRYPHLP), Gujarat Fluorochemicals (FLUOROCHEM), and BSE—have delivered returns of over 34 per cent in the past month, according to exchange data.
Essentially, this means that every Rs 10,000 invested in each of these five stocks appreciated to Rs 13,400 within 23 sessions:
- JM Financial (JMFINANCIL) | Return in 1 month: 56.7%
- BSE | Return in 1 month: 45.2%
- Concord Biotech (CONCORDBIO) | Return in 1 month: 35.3%
- Godfrey Phillips (GODFRYPHLP) | Return in 1 month: 35.3%
- Gujarat Fluorochemicals (FLUOROCHEM) | Return in 1 month: 34.5%
Out of these five, the top performer, JMFINANCIL, delivered a return of 56.7 per cent in a month.
Do you have any of these stocks in your portfolio?
Now, take a look at their returns during this period in detail:
JM Financial (JMFINANCIL) | Return in 1 month: 56.7%
To put things into perspective, a return of 56.7 per cent means that every Rs 100 of investment became Rs 156.7 during this period.
A total of 108 equity shares in the financial services company, worth Rs 9,909 a month ago, are worth Rs 15,520 now.
BSE | Return in 1 month: 45.2%
Stock exchange BSE's shares have delivered a return of more than 45 per cent since August 23, as of September 24.
In other words, four BSE shares, worth Rs 10,967 a month ago, are worth Rs 15,916 now.
Concord Biotech (CONCORDBIO) | Return in 1 month: 35.3%
Six units of Concord Biotech shares, worth Rs 9,859 a month ago, are worth Rs 13,380 now.
Godfrey Phillips (GODFRYPHLP) | Return in 1 month: 35.3%
Three shares in the cigarette maker, worth Rs 16,216 a month ago, are worth Rs 21,928.5 now.
Gujarat Fluorochemicals (FLUOROCHEM) | Return in 1 month: 34.5%
Three Gujarat Fluorochem shares, worth Rs 9,610 a month ago, are worth Rs 12,876.5 now.
ALSO READ: Nifty50 ends at record 25,940 | 50-scrip headline index crosses 26,000! Take a look at its 54-day journey from 25,000
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