Whopping returns of 103 per cent
HCL Tech was the top Nifty gainer in 2013, rising a whopping 103 per cent. The company's quarterly results saw a quick re-rating of the stock. A depreciation in the rupee and a better then expected economic recovery pushed the stock to higher levels.
Fancy for IT stocks drives TCS
In second place was Tata Consultancy Services, which rose around 71 per cent in 2013. Again, like HCL Tech, stronger growth, rupee depreciation and economic recovery in its key markets helped boost the stock.
Rupee depreciation, recovery in US markets help
Wipro was yet another IT stock that was among the top 5 stocks. It generated a return of around 57 per cent during 2013.
Strong fundamentals sees rally in the stock
A depreciation in the rupee, improved earnings and hopes of solid growth at the company in the next few quarters has made Sun Pharma a favourite. The stock hit a 52-week high last year and is bracing for more.
Rallies 50 per cent in 2013
Infosys has generated a return of around 50 per cent in 2013. The return of Narayana Murthy as Chairman and hopes of sharp recovery in performance has boosted the stock.