The Scoop on NSE 500 Stocks: 2023’s Winners and Losers

As we bid farewell to 2023, let’s take a closer look at the performance of the NSE 500 stocks throughout the year. It has been a rollercoaster ride for many investors, with some stocks hitting the bullseye and others missing the mark. In this article, we’ll navigate through the hits and misses.

TOP 10 HITS: The Shining Stars of this year

1.   BSE Ltd. (314.4%): BSE rocked the charts, gaining a whopping 314.4%—talk about a stock market superhero!
The Indian stock exchange Bombay Stock Exchange (BSE Ltd.) is situated on Mumbai’s Dalal Street. The Company operates a market that allows trading in mutual funds, stocks, derivatives, currencies, and debt products.

2.   Jindal Saw Ltd. (293.6%): Jindal Saw sliced through the market with a stellar 293.6% growth, proving metal stocks can shine bright. The main business of the PR Jindal group, Jindal Saw Limited, is a well-known producer and supplier of iron and steel pipes and pellets on a global scale.

3.   Suzlon Energy Ltd.  (276.4%): Suzlon Energy breezed in with a gust of success, soaring by 276.4% in a wind of positive market vibes. Suzlon Energy Ltd. was established in 1995 with the purpose of producing wind turbine generators and associated parts.

4.   REC Ltd.  (262.6%): REC Ltd. powered up its performance, notching a robust 262.6% growth, making it an electrifying hit. Under the Ministry of Power, REC is a Central Public Sector Undertaking that finances projects across the whole value chain of the electricity industry, from generation to distribution.

5.   Kaynes Technology In. (249.3%): Kaynes Technology surged ahead, showing off a dazzling 249.3% growth—a tech marvel in the making! 

Kaynes Technology was founded in 2008 and is a top integrated electronics manufacturing firm that offers end-to-end and IoT solutions. The company provides automotive, industrial, aerospace and defense, outer space, nuclear, medical, railroads, Internet of Things (IoT), Information Technology etc.

6.   Power Finance Corp (245.6%): Power Finance Corp powered through the ranks, boasting a formidable 245.6% growth and lighting up the financial scene. As an Infrastructure Finance Company registered with the RBI, Power Finance Corporation Limited is a Systemically Important Non-Deposit Taking NBFC. Its activity involves providing financial support to the Indian power sector.

7.   Apar Industries (244.0%): Apar Industries lit up the market with a brilliant 244.0% growth, proving itself as a shining star in the industry. Apar’s three main business sectors are Transformer and Specialty Oils (TSO), Power/telecom Cables, and Conductors. The company’s primary activity is the manufacturing of power transmission cables.

8.   Indian Railway Finance (IRFC) (203.8%): IRFC steamed ahead with a solid 203.8% growth, staying on track and impressing investors along the way. IRFC was established in 1986 and obtains funding from the financial markets to support the creation or purchase of assets that are subsequently leased as finance leases to the Indian Railways.

9.   ITI Ltd.  (195.4%): ITI Ltd. tuned into success, with a harmonious 195.4% growth, making it a melody of performance in the tech world. ITI Limited produces, deals, and maintains telecommunications equipment in addition to providing other related and auxiliary services. The company’s primary business is providing phone communication services.

10.   NLC India Ltd. (194.4%): NLC India Ltd. glowed with a radiant 194.4% growth, proving that even in the energy sector, you can shine brightly. NLC India is a company that mines lignite and uses it along with renewable energy sources to generate electricity.

TOP 10 MISSES: The Flops and Fizzles

1.   Adani Total Gas (-74.0%): Adani Total Gas faced a rough patch, with a 74.0% dip—seems like the gas lost its spark this time due to the Hindenburg report on Adani Group.

2.   Adani Energy Solutions (-60.8%): Adani Energy Solutions stumbled, witnessing a 60.8% decline due to the Hindenburg report, reminding us that not every energy story has a sunny ending.

3.   NMDC Steel (-60.7%): NMDC Steel felt the heat, experiencing a 60.7% drop—steel dreams took a bit of a hit this year.

4.   Rajesh Exports (-48.5%): Rajesh Exports took a step back with a 48.5% decline, proving that even golden dreams can face a cloudy day.

5.   Adani Wilmar (-41.4%): Adani Wilmar slipped down the performance scale with a 41.4% fall due to the Hindenburg report, a reminder that not all market recipes turn out golden.

6.   Brightcom Group (-34.2%): Brightcom Group dimmed a bit, showing a 34.2% decrease—sometimes, the digital world has its cloudy days.

7.   Polyplex Corp (-33.5%): Polyplex Corp faced a bit of shrinkage, marking a 33.5% decline—plastic dreams got a reality check.

8.   Campus Activewear (-32.3%): Campus Activewear lost a bit of its sportiness, experiencing a 32.3% dip—seems like the sporty vibe wasn’t catching on.

9.   Delta Corp (-29.7%): Delta Corp navigated a tough market, seeing a 29.7% decrease—betting on luck wasn’t in the cards this time.

10.   V-Mart Retail (-29.0%): V-Mart Retail faced a bit of a sale with a 29.0% drop—looks like the retail therapy had a sale tag this year.

So, there you have it – the cool and the not-so-cool in the NSE 500 stocks for 2023. Remember, past performance isn’t always a guarantee for the future. These hits and misses were specific to 2023, and the stock market is a dynamic beast.

Always do your research and seek professional advice before making any investment decisions. As we step into the next year, let’s keep our eyes wide open, stay savvy, and enjoy the rollercoaster ride of the stock market.

Happy investing, and may your portfolios be filled with more hits than misses in the year to come!

Disclaimer: This newsletter is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.