Surprise: Dark Horses that Delivered At Least 135% Returns Since November

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Surprise: Dark Horses that Delivered At Least 135% Returns Since November
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- November 2020 was when the world began talking about vaccines and how they would be key in helping the world return to normal. While that was true and India’s economy recorded a faster-than-expected recovery, experts expected fundamentally strong stocks to post maximum gains since markets would pile in on them.

However, an analysis by DSP Mutual Fund revealed that companies with not-so-great earnings performed extra-ordinarily since November. In a note, DSP MF said, “While high ROE and earnings growth seems like a good combination to have, it is not necessary that such a high quality portfolio will always do well, especially in the short term.”

Here are five stocks that emerged out of nowhere to put their stamp on the markets:

1. Hindustan Copper Ltd (NS: HCPR )

Closing price on October 30: Rs 32.95

Closing price on March 19: Rs 125.9

Percentage gained: 282%

  1. Graphite India Ltd. (NS: GRPH )

Closing price on October 30: Rs 176.2

Closing price on March 19: Rs 504.85

Percentage gained: 186.5%

  1. MMTC Ltd (NS: MMTC )

Closing price on October 30: Rs 15.8

Closing price on March 19: Rs 42.05

Percentage gained: 166%

  1. Adani (NS: APSE ) Transmission Ltd (NS: ADAI )

Closing price on October 30: Rs 290.15

Closing price on March 19: Rs 771.95

Percentage gained: 166%

  1. Tata Chemicals Ltd (NS: TTCH )

Closing price on October 30: Rs 322.35

Closing price on March 19: Rs 756.4

Percentage gained: 135%

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