It has been a pretty bumpy year for the market and the stock market crash. The S&P BSE Sensex and Nifty 50 saw massive selling off, yet some stocks have really shone, offering brilliant returns. While the bigger indices have been down by -1.32 %, these stocks have risen as much as 232% in the last year.
In this article, we analyze the top 15 gainers in the BSE A Group, explore the reasons behind their growth, and discuss what lies ahead for investors.
Top 15 Stocks That Defied the Market Crash
Here’s a look at the top-performing stocks and their 1-year growth:
| Stock Name | Current Price (₹) | 1-Year Growth (%) |
|---|---|---|
| Wockhardt Ltd. | ₹1,446.30 | +232.67% |
| PC Jeweller | ₹13.58 | +170.03% |
| JSW Holdings | ₹16,550.60 | +151.10% |
| Kitex Garments | ₹204.10 | +140.07% |
| Panacea Biotech | ₹353.25 | +134.33% |
| Dixon Technologies | ₹14,669.85 | +134.05% |
| Deepak Fertilisers | ₹1,081.95 | +116.17% |
| Time Technoplast | ₹370.15 | +112.91% |
| Neuland Laboratories | ₹13,659.05 | +112.04% |
| Aegis Logistics | ₹763.80 | +108.77% |
| GE Vernova T&D India | ₹1,608.70 | +101.06% |
| Godfrey Phillips | ₹5,137.30 | +98.63% |
| Hitachi Energy | ₹11,723.50 | +95.33% |
| Garden Reach Shipbuilders | ₹1,450.30 | +87.50% |
| M&M | ₹3,084.60 | +85.82% |
What’s Driving These Stocks Up?
Several factors contributed to these stocks outperforming the market. Here are some key reasons:
Strong Sectoral Tailwinds
- Pharma & Biotech: Companies like Wockhardt and Panacea Biotech saw strong growth due to increased demand for pharmaceuticals and vaccine development.
- Specialty Chemicals & Fertilizers: Deepak Fertilisers benefitted from rising global fertilizer prices and government incentives.
- Defense & Manufacturing: Stocks like Garden Reach Shipbuilders and JSW Holdings gained from the Indian government’s focus on defense manufacturing.
Earnings Growth & Expansion
Dixon Technologies and Kitex Garments increased production and benefited from India’s increasing exports of electronics and textiles.
Neuland Laboratories and Hitachi Energy reported excellent earnings, making investors bullish about the stock.
Also Read: Groww’s Surge in the Indian Stock Broking Market
Foreign & Institutional Investments
- Stocks such as M&M and Godfrey Phillips attracted institutional buyers. This can be attributed to their sound financials and leadership in their respective market sectors.
Government Policies & Global Trends
- The Indian government’s Atmanirbhar Bharat and PLI (Production Linked Incentive) schemes have driven investment in sectors like logistics, manufacturing, and defense.
- Global supply chain shifts due to geopolitical tensions have favored Indian manufacturers, boosting companies like Aegis Logistics and Time Technoplast.
Why Did the Stock Market Crash?
The overall market downturn was driven by:
- Rising Interest Rates: Higher borrowing costs affected market liquidity.
- Global Slowdown Concerns: Uncertainty in the US and Chinese economies hurt investor confidence.
- Geopolitical Risks: Ongoing conflicts and trade disputes added volatility to markets.
Although it was facing various headwinds, the above 15 stocks continued to display bullish trends to prove that some opportunities are never lost, especially in a rough market.
Also Read: Top Buzzing Stocks Today: Adani Enterprises, Grasim, Hindalco, Apollo Hospitals
