The Economic Times reported that shares of Ashok Leyland, Patanjali Foods and Hindustan Petroleum Corporation rose 18% to 21% over one month, exceeding the benchmark gains cited in the outlet’s screen of midcap stocks.
The publication’s Nov. 11 slideshow cited ACE Equity figures. It listed Ashok Leyland up 21%, with its share price moving from ₹145 to ₹175; Patanjali Foods up 19%, from ₹360 to ₹429; and Hindustan Petroleum Corporation up 18%, from ₹326 to ₹386.
The three companies were among 12 stocks the slideshow selected from a wider group of 31 that gained more than 10% over the period. The 12 selected stocks had reported advances ranging from 15% to 30%. The slideshow did not cite company-specific reasons for the three share gains, so its figures show performance without identifying what drove it.
For comparison, the slideshow put the Nifty Midcap 150’s rise at about 4% and the Nifty 50’s at nearly 11%. On those approximate figures, even the smallest gain among the three named stocks exceeded the Nifty 50’s reported increase by about 7 percentage points and the Midcap 150’s by about 14 points.
A separate Economic Times index-page reading showed one-month gains of 4.6% for the Nifty Midcap 150 and 12.14% for the Nifty 50 at 5:03 a.m. ET (10:03 UTC) Nov. 11. Those readings differ from the slideshow’s rounded comparison, and the publication did not explain the discrepancy.
The National Stock Exchange of India describes the Nifty Midcap 150 as the next 150 companies in the Nifty 500, ranked 101 to 250 by full market capitalization. The slideshow did not give the start and end dates for its one-month comparison.
