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The Indian stock market has experienced Extreme volatility This trend is due to factors such as the LTCG tax on equities, mbadive sales, trade wars, uncertainty over North Korean missile programs and multiple bank fraud. Despite these caveats, domestic equity markets have managed to remain positive on returns. The benchmark indices – Senbad and Nifty – have risen by 2 to 4% over the first six months of 2018, while the key stock indices of the world's largest stock markets – US, China, Japan, It is interesting to note that many large cap stocks have largely outperformed the Senbad and Nifty Indian indices in the first half of 2018. We are looking at the only five shares of Nifty that returned more than 25% in the first half of the current year.
Here are 5 Nifty shares that returned more than 25% in the first 6 months of 2018
TCS
Shares of the largest Indian computer company TCS (Tata Consultancy Services) emerged as the biggest winners among all the components of Nifty The stock of TCS grew by 37% to 1,847.75 rupees from a price of 1,350.60 rupees as of December 29, 2017. TCS announced this month a program of share buyback of 16,000 which Tata Sons will participate.
In April of this year, TCS surprised investors with a double windfall in which the Tata Group's cash cow declared a 1: 1 free share issue and a dividend of Rs 29 per share in shares. Following the fourth quarter results of the 2017-2018 fiscal year, TCS became the first Indian IT company to break through a $ 100 billion market capitalization in the week following the announcement of the results. After a month of 100 billion dollars, TCS broke the 7 million rupees mark in m-cap
According to the latest data available on the stock markets, TCS achieves a market capitalization of 707214.41 crore on the market. ; BSE.
Kotak Mahindra Bank (up 33%), Bajaj Finance (up 31%), Tech Mahindra (up 30% ) and Infosys (up 25%).
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