The Sensex and the Nifty have given returns of almost 29 per cent in 2014, led by sharp rally in sectors across the board. Mid cap stocks have zoomed way past the benchmark indices. Here are a list of select stocks that have rallied over 200 and in some cases 400 per cent in 2014.
Hopes of strong growth in 2-wheeler market
On Jan 1, 2014, the stock of TVS Motors closed at Rs 73.50 on the Bombay Stock Exchange. The stock has since then rallied to Rs 242, yielding a super return to investors. Hopes of a recovery in the two wheeler market and fast improving financial performance has pushed the TVS Motors Stock higher.
Monsanto India closed the day at Rs 248 on Jan 2, 2014. The stock price has rallied nearly two and half times since then and is currently quoting at Rs 2743. Monsanto India is a subsidiary of the US Based Monsanto.
Tripled returns in the last one year
The share price of SRF has tripled from Rs 221 to Rs 884 in a span of twelve months. It is among the few mid cap stocks that has given whopping returns in the last one year. SRF is a multi-business entity engaged in the manufacture of chemical based industrial intermediates.
J K Lakhsmi Cement has given returns in excess of 400 per cent in the last one year. The stock has rallied from levels of Rs 80 at the start of the year to the current levels of Rs 386. Analysts say with a turnaround in the economy the company will be among the benefeciaries of an uptick in the business cycle.
Government owned company
The government owned NBCC is another stock that has given fantastic returns in the last one year. The stock has rallied from levels of Rs 165 to the current levels of Rs 785. Certainly impressive by any stretch of imagination.