The success of your investment is measured by alpha. It determines how much a stock or mutual fund has outperformed the market. The performance of the underlying securities determines whether alpha is positive or negative in the stock market. A high alpha value indicates that a particular asset or a portfolio has beaten the market, whilst a negative alpha value indicates that a lesser yield was achieved when compared to a benchmark index's returns.
The NIFTY Alpha 50 Index is designed to track the performance of NSE-listed stocks with high alphas. It is a 50-stock index that is well-diversified. Below are few stocks from Nifty Alpha 50 Index that have given exceptional returns in the past year.
5 Stocks That Have Given Multibagger Returns Of Over 500-1000% In The Past Year
|Stock Name||1-year Return in %||3-Year Return in %||LTP (July14)|
|CG Power & Indu.||772.88||34.70||75.50|
Adani Total Gas
Tanla Platforms Limited, formerly Tanla Solutions Ltd, is an Indian cloud communications firm situated in Hyderabad. In the cloud communications area, the company offers value-added services. Tanla has offices in eleven cities throughout the world, including Singapore, London, Colombo, and Dubai. The company is listed on the BSE and NSE in India.
Over a three-year period, the stock gave a fantastic return of 2150.91 percent, compared to 96.3 percent for the Nifty IT index. The company has grown its income by 28.59 percent, in the past three years. Tanla Platforms' PE ratio is 81.08, which is expensive and pricey in comparison. The current ratio of Tanla Platforms is 2.29. Tanla Platforms' current year dividend is Rs 0 with a yield of 0.21 percent.
According to Adani Group Chairman Gautam Adani, the Adani Group has taken over management control of the Mumbai International Airport from the GVK Group.
Adani Enterprises Ltd. was founded in 1993 and its share price presently is 1401.45. Its current market capitalization stands at Rs 154132.88 Cr. In the latest quarter, the company has reported Gross Sales of Rs. 133587.3 Cr and Total Income of Rs.137506.5 Cr.
For the past three years, the company has shown a good profit growth of 23.24 percent. The corporation manages its cash flow well, with a CFO/PAT ratio of 2.48. The company has a high EV/EBITDA ratio of 112.18. The stock gained 976.87 percent over three years, compared to 41.72 percent for the Nifty 100. In the past year, the stock performed well and gave a return of 808%.
CG Power and Industrial
CG Power and Industrial Solutions founded in 1937, is a Small Cap business in the Electric/Electronics sector with a market cap of Rs 10,101.89 crore. Stock generated 34.7 percent over three years, compared to 50.6 percent for the Nifty Midcap 100. The promoters' share of the company has increased by 53.24 percent in the last six months. The company's financials aren't stellar, yet the stock has returned a whopping 772 percent in the last year. Over the last three years, the company has had a dismal ROCE of -19.60 percent. With a coverage ratio of -5.78, the company has a low interest coverage ratio.
Intellect Design Arena develops financial technology that assists banks in leading enterprises to success and growth. Intellect Design's PE ratio is 45.87, which is high and overvalued in comparison. Only 4.49 percent of trading sessions in the last six years had intraday drops of more than 5%. The stock made 263.11% during the last three years, compared to 50.6 percent for the Nifty Midcap 100.
Adani Total Gas
Only 7.96 percent of trading sessions in the last two years had more than 5% intraday gains. Adani Total Gas Ltd., founded in 2005, is a Large Cap business in the Gas & Petroleum industry with a market cap of Rs 96,920.76 crore.
In the last five years, the company has maintained effective average operating margins of 28.63 percent. The ROA of Adani Total Gas is 16.54 percent, which is a positive sign for future performance; however, greater levels are usually preferable. Adani Total Gas offers a greater return on investment (ROI) of 27.50 percent.
Stock market investment is subject to risk associated with the stock markets and hence investors need to be very careful. Neither the author, the brokerage, nor Greynium Information Technologies Pvt Ltd would be responsible for losses incurred based on buying into the stocks based on the above article.