Tata Group’s Trent, Zomato, and Bajaj Auto are among the top 10 stocks in the BSE 100 index that delivered impressive returns over the past year, while maintaining low volatility. These stocks provided more than 100% returns, with five of them being PSU stocks.
Beta is a measure of a stock’s volatility, with a value above 1 indicating high volatility.
Top Performers
- Trent: The best performer, delivering 213% returns in a year with a beta of 0.70.
- Zomato: The food delivery platform provided 162% returns with a beta of 0.78.
- Bajaj Auto: Yielded 107% returns with a beta of 0.42.
High Volatility Stocks
- Power Finance Corporation (PFC): Highest volatility with a beta of 2.2, delivering 188% returns.
- GAIL (India): Beta of 1.75, providing 105% returns.
- Bharat Electronics (BEL): Beta of 1.68, yielding 154% returns.
Other Notable Performers
- Hindustan Aeronautics (HAL): Returns of 177% with a beta of 1.52.
- Coal India: Returns of 111% with a beta of 1.41.
- Bharat Forge: Provided 120% returns with a beta of 1.17.
- Mahindra & Mahindra: Yielded 109% returns with a beta of 1.10.
BSE 100 Index Performance
The BSE 100 index has gained 29% in the past year.
Large Caps with High Beta
35 large-cap stocks had a beta higher than 1 in the past year, with 24 outperforming the index. Notable mentions include:
- Tata Power Company, Siemens, Varun Beverages, Adani Ports, and NTPC, delivering returns between 98% and 90%, with beta between 1.47 and 1.60.
Low Beta Stocks
55 stocks traded with a beta lower than 1 in the past year. Varun Beverages and Hero MotoCorp provided over 90% returns with a beta of around 0.5.
Underperformers
Some stocks performed poorly despite high beta:
- HDFC Bank, IDFC First Bank, and Bajaj Finance had flat but positive returns with a beta above 1.
- Zee Entertainment Enterprises (ZEEL) and UPL saw share prices drop by 14% and 17%, respectively, with beta of 1.45 and 1.19.
Declining Stocks
A total of 10 stocks in the BSE 100 index saw their prices decline over the past year, regardless of volatility.
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