Highest Return Stocks to Invest in India for 2024
High return stocks, with their potential for substantial gains over a short or long period, are quite a fascinating and dicey concept in investing. While there isn’t a set standard for a high return, it’s generally understood that any stock with annual returns exceeding 20% may fit the bill. Understanding this concept can empower you to make informed investment decisions.
Top 10 Highest Return Nifty 500 Stocks in 2024
Here is a list of top 10 highest return stocks from the Nifty 500 stock universe, based on their 1Y Returns:
| Stock Name | Share Price | Market Cap (in Cr) | 1Y Return (%) | PE Ratio |
|---|---|---|---|---|
| Jai Balaji Industries Ltd | ₹921.35 | ₹16,093 | 1,033.27 | 18.30 |
| Cochin Shipyard Ltd | ₹1,971 | ₹50,315 | 709.53 | 64.22 |
| Indian Railway Finance Corp Ltd | ₹184.55 | ₹2,40,460 | 468.72 | 37.44 |
| HBL Power Systems Ltd | ₹528.6 | ₹14,256 | 400.81 | 60.86 |
| BSE Ltd | ₹2,703.5 | ₹36,959 | 398.71 | 47.48 |
| Inox Wind Ltd | ₹164.15 | ₹5,378 | 389.27 | -133.02 |
| Anand Rathi Wealth Ltd | ₹4,076.1 | ₹17,022 | 374.19 | 75.66 |
| Housing and Urban Development Corporation Ltd | ₹263.1 | ₹51,789 | 370.24 | 24.47 |
| Jupiter Wagons Ltd | ₹564.5 | ₹21,653 | 342.22 | 65.31 |
| Suzlon Energy Ltd | ₹45.2 | ₹62,554 | 336.71 | 94.73 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on the list is from 27th May, 2024. However, for real-time updates on stock prices and market trends, visit the smallcase stocks collection today!
Overview of the Top 10 Highest Return Stocks
Jai Balaji Industries Ltd
Jai Balaji Industries Limited manufactures a wide range of iron and steel products, including sponge iron, pig iron, ductile iron pipes, ferro chrome, billets, thermo mechanically treated (TMT) products, coke, and sinter. The company operates eight integrated steel manufacturing units across West Bengal, Chhattisgarh, Orissa, and Jharkhand, with a combined annual capacity of over 2.74 million tons. Their product lineup features DRI (sponge iron), pig iron, ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron pipes, and heavy rounds. It has some of highest return on stocks on our list of Nifty 500 stocks.
Cochin Shipyard Ltd
Cochin Shipyard Ltd, a Miniratna company under the Ministry of Ports, Shipping and Waterways, is India’s leading shipbuilding and repair yard. For over five decades, it has been a global hub for shipbuilding, ship repair, and refits. Beyond shipbuilding and repairs, Cochin Shipyard excels in offshore vessel construction, refits and conversions, marine engineering, and advanced maritime solutions. The company’s journey began in 1969 with establishing India’s first Greenfield Shipbuilding Yard in Cochin. It is also a high return share on our list.
Indian Railway Finance Corp Ltd
The Indian Railway Finance Corporation (IRFC), established in December 1986, is a public sector undertaking with a majority stake owned by the government. As the financing arm of the Indian Railways, IRFC secures funds from both domestic and international markets to supplement budgetary allocations. Over its three-decade history, IRFC has been crucial in expanding and modernizing Indian Railways. The company’s main activities include financing the acquisition of rolling stock assets, leasing railway infrastructure assets, and funding national projects. Additionally, IRFC provides loans to various entities within the Railway Ministry. It is also one of the highest return stocks last 1 year on our Nifty 500 list.
HBL Power Systems Ltd
HBL Power Systems Limited, formerly Sab Nife Power Systems, specializes in batteries and power systems and is headquartered in Hyderabad. Initially focused on manufacturing nickel-cadmium pocket plate batteries, the company successfully developed aircraft batteries, which enabled HBL to offer the world’s most extensive range of specialized batteries. In 1991, HBL began producing 10KVA UPS (uninterrupted power supply) units and related battery products, with an initial capacity of 200 units annually. That same year, they collaborated with NIFE Sweden and expanded their production to include lead-acid batteries at their Lalgudi factory in Rangareddy district, Andhra Pradesh. It is also one of the top return shares on our list.
BSE Ltd
BSE Limited, formerly known as the Bombay Stock Exchange, is one of the world’s oldest stock exchanges, established in 1875 by cotton merchant Premchand Roychand. It holds the distinction of being Asia’s first stock exchange. In 2017, BSE Ltd went public, becoming the country’s first listed stock exchange. By December 14, 2023, its market capitalisation exceeded ₹31,800 crore. Over the past three years, BSE Ltd shares have skyrocketed by more than 1030%. It can also be considered one of the best stocks for high returns on our Nifty 500 list.
Inox Wind Ltd
Inox Wind Limited, based in India, specializes in providing comprehensive wind energy solutions. It manufactures and sells wind turbine generators (WTGs), alongside offering services such as erection, procurement, commissioning (EPC), and operations and maintenance (O&M). Additionally, it provides common infrastructure facilities and wind farm development services. Inox Wind offers a range of products, including the Inox DF 93.3, Inox DF 100, and Inox DF 113. Its clientele includes independent power producers (IPPs), utilities, public sector undertakings (PSUs), corporates, and retail investors.
Anand Rathi Wealth Ltd
Anand Rathi Wealth Limited, an India-based wealth solutions company, distributes and sells financial products to high—and ultra-high-net-worth individuals. Its flagship Private Wealth vertical facilitates investments through an objective-driven process. The Digital Wealth vertical offers wealth solutions through human contact and technology. The Omni Financial Advisors vertical provides a technology platform for mutual fund distributors to grow their business.
Housing and Urban Development Corporation Ltd
HUDCO, founded in 1970 under the Companies Act of 1956, started as The Housing and Urban Development Finance Corporation Private Limited. It evolved into the Housing and Urban Development Corporation Limited in 1974. Based in Delhi, HUDCO specializes in housing finance and infrastructure project finance.
Jupiter Wagons Ltd
Jupiter Wagons Limited is a leading Indian railway engineering company specializing in manufacturing freight wagons and passenger coach items for the Indian Railways. The company manufactures various products, including railway wagons, wagon components, castings, and metal fabrication. Its product portfolio comprises open wagons, covered wagons, flat wagons, hopper wagons, container wagons, and special purpose wagons, along with wagon accessories like alloy steel cast bogies, high tensile centre buffer couplers, and high-capacity draft gears. Additionally, Jupiter Wagons Limited provides passenger coaches, coach accessories, and complete track solutions.
Suzlon Energy Ltd
Suzlon Group, a prominent provider of renewable energy solutions, was founded by mechanical engineer Tulsi Tanti in 1995. Headquartered in Pune, it operates across 17 countries spanning Asia, Australia, Europe, Africa, and the Americas. Initially focusing on wind energy services, Suzlon Energy quickly gained recognition, establishing technical collaboration with German leader Südwind Energy GmbH to enhance expertise in Wind Turbine Generators (WTGs). This collaboration facilitated the installation of WTGs across India between 1995 and 2000.
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Top Performing Largecap Stocks in the Last 1 Year
| Stock Name | Sub-Sector | Market Cap (Rs. in cr.) | PE Ratio | 1Y Return (%) |
|---|---|---|---|---|
| Indian Railway Finance Corp Ltd | Specialized Finance | ₹2,40,460 | 37.44 | 443.57 |
| REC Ltd | Specialized Finance | ₹1,45,893 | 10.31 | 323.26 |
| Bharat Heavy Electricals Ltd | Heavy Electrical Equipments | ₹1,06,429 | -3318.66 | 282.06 |
| Power Finance Corporation Ltd | Specialized Finance | ₹1,62,249 | 8.21 | 269.11 |
| Hindustan Aeronautics Ltd | Aerospace & Defense Equipments | ₹3,45,532 | 45.34 | 244.30 |
| Trent Ltd | Retail - Apparel | ₹1,67,627 | 112.74 | 214.67 |
| Zomato Ltd | Online Services | ₹1,58,893 | 452.69 | 183.79 |
| Indian Overseas Bank | Public Banks | ₹1,27,024 | 47.65 | 181.17 |
| Adani Power Ltd | Power Generation | ₹2,72,685 | 13.09 | 176.12 |
| Bharat Electronics Ltd | Electronic Equipments | ₹2,17,246 | 54.52 | 173.16 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on the list is from 27th May, 2024. However, for real-time updates on stock prices and market trends, visit the smallcase stocks collection today!
Top Performing Midcap Stocks in the Last 1 Year
| Stock Name | Sub-Sector | Market Cap (Rs. in cr.) | PE Ratio | 1Y Return (%) |
|---|---|---|---|---|
| Cochin Shipyard Ltd | Shipbuilding | ₹50,315 | 64.22 | 684.23 |
| Ge T&D India Ltd | Heavy Electrical Equipments | ₹35,178 | 194.3 | 592.84 |
| BSE Ltd | Stock Exchanges & Ratings | ₹36,959 | 47.48 | 414.72 |
| Suzlon Energy Ltd | Renewable Energy Equipment & Services | ₹62,554 | 94.73 | 357.21 |
| Housing and Urban Development Corporation Ltd | Specialized Finance | ₹51,789 | 24.47 | 352.67 |
| Mazagon Dock Shipbuilders Ltd | Shipbuilding | ₹64,077 | 40.04 | 319.41 |
| SJVN Ltd | Renewable Energy | ₹56,923 | 65.61 | 303.48 |
| Kalyan Jewellers India Ltd | Precious Metals, Jewellery & Watches | ₹41,425 | 69.35 | 278.84 |
| Hindustan Copper Ltd | Mining - Copper | ₹35,934 | 121.68 | 263.60 |
| Motilal Oswal Financial Services Ltd | Diversified Financials | ₹33,577 | 13.76 | 253.32 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on the list is from 27th May, 2024. However, for real-time updates on stock prices and market trends, visit the smallcase stocks collection today!
Top Performing Smallcap Stocks in the Last 1 Year
| Stock Name | Sub-Sector | Market Cap ( in cr.) | PE Ratio | 1Y Return (%) |
|---|---|---|---|---|
| Sri Adhikari Brothers Television Network Ltd | TV Channels & Broadcasters | ₹375 | -17.65 | 9,337.50 |
| Dolphin Offshore Enterprises (India) Ltd | Oil & Gas - Equipment & Services | ₹3,425 | 614.97 | 7,381.43 |
| Ceenik Exports (India) Ltd | Textiles | ₹258 | 469.79 | 7,081.56 |
| Eraaya Lifespaces Ltd | Cycles | ₹1,120 | 3,294.85 | 6,330.12 |
| Spright Agro Ltd | Textiles | ₹1,636 | 140.83 | 4,673.63 |
| Diamond Power Infrastructure Ltd | Electrical Components & Equipments | ₹5,712 | -133.23 | 4,459.87 |
| Aaswa Trading and Exports Ltd | Textiles | ₹1,459 | 93.05 | 3,856.84 |
| Popees Cares Ltd | Software Services | ₹78 | -652.17 | 3,820.97 |
| Cinerad Communications Ltd | Advertising | ₹149 | -2495.2 | 3,326.75 |
| Viceroy Hotels Ltd | Hotels, Resorts & Cruise Lines | ₹446 | -88.84 | 3,044.44 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on the list is from 27th May, 2024. However, for real-time updates on stock prices and market trends, visit the smallcase stocks collection today!
What are the Highest Return Stocks?
Highest return stocks are those investments that can potentially deliver significant profits over time. These stocks often belong to companies with strong growth prospects, innovative products or services, and a competitive edge in their respective industries. Investors seek out these stocks to capitalise on the company’s success and benefit from substantial investment returns.
Identifying the highest return stocks requires thorough research into various factors, including the company’s financial performance, market position, and industry trends. By analysing these aspects, investors can decide which stocks offer the greatest long-term growth and profitability potential. However, it’s important to remember that investing in stocks carries inherent risks, and investors should carefully assess their risk tolerance and investment objectives before making any decisions.
Why Invest in Highest Return Stocks?
Investing in high return stocks presents an opportunity for significant financial gains, appealing to investors seeking impressive returns. These stocks facilitate strategic wealth creation, necessitating informed decisions to capitalise on market opportunities. Thriving on dynamic market trends, they attract investors aiming to maximise returns. High-return stocks also offer an appealing option for optimising investment portfolios, promising substantial returns and contributing to overall growth.
Who Should Invest in the Highest Return Stocks?
High Return Stocks appeal to risk-tolerant individuals and strategic investors aiming for substantial gains. They suit those comfortable with risk, seeking the potential for significant returns even in volatile markets. Strategic investors, capable of making informed decisions and seizing market opportunities, find these stocks attractive. Moreover, individuals aiming for dynamic portfolio growth and willing to navigate market trends actively may also find High Return Stocks aligning with their investment objectives.
Factors to Consider Before Investing in Highest Return Stocks
Before investing in high-return stocks, it’s crucial to consider several key factors:
- Risk Assessment: Evaluate your risk tolerance, recognising that high-return stocks often have increased volatility and market unpredictability.
- Market Insights: To make informed investment decisions, stay informed about market trends and dynamics.
- Financial Goals: Clearly define your financial goals and align them with the potential risks and rewards associated with high-return stocks.
- Diversification Strategy: To maintain a balanced investment approach, consider how high-return stocks fit into your overall portfolio diversification strategy.
- Time Horizon: Assess your investment horizon, as high-return stocks may require a longer-term perspective to realise their full potential.
- Research and Due Diligence: To make strategic investment decisions, conduct thorough research on individual stocks, industries, and market conditions.
Features of Highest Return Stocks
Although it is difficult to characterise these stocks on the basis of their features, here are a few common elements in highest return stocks:
- Strong Financial Performance: These stocks typically exhibit robust financial performance, with consistent revenue growth, healthy profit margins, and strong returns on equity (ROE).
- Innovative Products or Services: Companies behind highest return stocks often lead the market with innovative products or services, setting them apart from competitors and driving revenue growth.
- Market Leadership: They often hold a dominant position in their respective industries, with a significant market share and a strong competitive advantage.
- Growth Potential: Highest return stocks demonstrate promising growth potential, backed by solid business fundamentals and strategic expansion plans.
- Resilience to Market Volatility: These stocks tend to weather market volatility well, with resilient business models and the ability to generate returns even during economic downturns.
- Positive Industry Trends: They operate in sectors experiencing favourable industry trends, such as technological advancements, demographic shifts, or changing consumer preferences.
- Transparent Corporate Governance: Companies behind highest return stocks typically uphold high standards of corporate governance, ensuring transparency and accountability to shareholders.
Advantages of Investing in Highest Return Stocks
Investing in High Return Stocks offers numerous advantages for investors:
- Wealth Multiplication: These 1 year high return stocks provide a significant opportunity to multiply wealth, with the potential for substantial returns.
- Strategic Growth: Investors can experience strategic growth by making informed decisions, leading to impressive financial gains over time.
- Dynamic Market Advantage: High Return Stocks give investors an edge in dynamic markets, allowing them to navigate trends and capitalise on opportunities for optimal returns.
- Diversification Benefits: Adding the best high return stocks to a portfolio contributes to diversification. Furthermore, it enhances the potential for substantial returns within a well-balanced investment strategy.
- Adaptability to Trends: These highest return stocks last 1 month are adaptable to evolving market trends, enabling investors to align their portfolios with changing dynamics for continued growth.
- Optimised Returns: The primary advantage lies in the potential for optimised returns, making High Return Stocks an attractive choice for those seeking lucrative investment opportunities.
Risks of Investing in the Highest Return Stocks
Risks of Investing in the Highest Return Stocks:
- Market Volatility: High-return stocks often experience greater price fluctuations, exposing investors to increased market volatility.
- Sector-Specific Risks: Industries with the potential for high returns may also be subject to specific risks. This would include regulatory changes, technological disruptions, or shifts in consumer preferences.
- Lack of Diversification: Focusing solely on the highest return share in last 5 years may result in a lack of portfolio diversification. As a consequence, the overall risk exposure is increased.
- Overvaluation: Stocks offering the highest returns may sometimes be overvalued, leading to potential price corrections or declines in the future.
- Liquidity Risk: Some high-return stocks may have lower liquidity, making buying or selling shares at desired prices challenging, especially during volatile market conditions.
- Company-Specific Risks: Individual companies with the potential for high returns may face unique risks, such as management issues, competitive pressures, or operational challenges.
- Economic and Market Risks: External factors, such as economic downturns, geopolitical tensions, or unforeseen events, can impact the performance of high-return stocks and the overall market.
- Risk of Loss: Despite the potential for high returns, investing in the highest return stocks carries the inherent risk of capital loss, especially if the investments do not perform as expected or if market conditions change abruptly.
To Wrap It Up…
In conclusion, understanding the dynamics of high-return stocks is crucial for investors seeking to maximise their portfolio growth. By conducting thorough research, staying informed about market trends, and diversifying their investments, investors can identify opportunities with the potential for substantial returns. While high-return stocks offer the promise of significant profits, it’s essential to approach them with caution. Furthermore, investors must consider factors such as volatility, market conditions, and individual risk tolerance. With a strategic approach and a focus on long-term financial goals, investors can navigate the world of high-return stocks effectively and potentially enhance their investment outcomes.
Frequently Asked Questions on Highest Return Stocks
1. What stock has the highest return?
Here are the top 5 stocks sorted according to their 1 and 5 year returns:
-Reliance Industries Ltd
-Tata Consultancy Services Ltd
-ICICI Bank Ltd
-Bharti Airtel Ltd
-State Bank Of India Ltd
High return stocks have the potential to yield substantial financial gains, driven by strategic investments and dynamic market opportunities.
Investors who are risk-averse should avoid high return stocks due to their frequent fluctuations and increased risk.
Yes. Incorporating high-return stocks into a diversified portfolio requires alignment with the investor’s risk tolerance and diversification strategy.
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