Page 5 - Ace Equity News Today

Vodafone Idea: The current financial year has been the best for the telecom operator in three years as the stock’s value has gone up by nearly three times on the back of gains in each of the months of FY24.

Having recognised the immense potential of clean hydrogen as a future energy source, Man Industries is making a strategic entry into the sector.

Over the past year the stock has surged 50%, surpassing the Sensex by an impressive 32%, but as a first mover and market leader with no debt on its books, the company seems poised for further growth.

The exuberance of 2023 has clearly carried over into the first week of the new year, as these stocks show.

Hospitality and travel-related stocks gave handsome returns to investors due to the strong rebound in discretionary spending, and RateGain Travel was one among them.

PSU bank stocks have soared during Modis second term, with Indian Overseas Bank leading at 472% returns. Despite this, they trade at a discount, making them potential outperformers. CLSA identifies SBI, Canara Bank, and Bank of Baroda as Modi stocks poised for growth.

In November, when Nifty 50 gave over 5% returns, 334 smallcap stocks registered double-digit returns.

The overall market capitalisation of listed stocks crossed $4 trillion for the first time ever this year, with India ranking 4th in the world in terms of market capitalisation.

Zomato stood out among the pack, as the stock this year not only recouped all the losses of 2022, but more than doubled in value.

The bumper gains registered by domestic equities in 2023 saw Indias biggest bull Life Insurance Corporation of India rake in a massive profit of Rs 2.28 lakh crore in its portfolio.