Suzlon Energy, India s largest renewable energy solutions provider, saw its stock soar by 426% over the past year, driven by strong order wins and financial performance. Indian Overseas Bank also delivered exceptional return, with its stock soaring by 160%.
Ahmedabad-based small-cap firm, Praveg, experienced a notable 17.51% surge in its stock prices on Monday, reaching Rs 1,015.95 on the BSE and was trading 16% higher on Tuesday s trading session
The market capitalisation of NSE-listed companies surpassed $4 trillion on 1 December 2023. The benchmark Nifty 50 and MSCI India indices delivered 16% YTD returns, against the MSCI indices of China, Brazil, the UK and Europe, with returns ranging from -15% to 12.3%. The investors sentiments are buoyed by the strength of the Indian economy, which is visible from the above-expectation 7.6% GDP growth in the second quarter of 2023. Going forward, the analysts expect reasonable earnings growth, supported by continuing capex programmes of corporate India.