An ETMarkets ranking of 10 Indian stocks showed six with reported returns above 100% over a three- or five-year period, giving global investors a longer-term view alongside November’s monthly leaders.
ETMarkets ranked Shriram Finance first, with a November gain of nearly 22%, and Muthoot Finance second, at more than 21%. Mahindra & Mahindra and Ashok Leyland each had monthly gains of about 20%, according to the screen.
For the longer periods, ETMarkets reported returns of 147% over three years and 199% over five years for Shriram Finance. Muthoot Finance was up more than 120% over three years but 68% over five, while Mahindra & Mahindra gained 116% and 255%, respectively. Ashok Leyland’s reported returns were 95% and 132%.
ETMarkets also put Divi’s Laboratories at 226% over three years and 136% over five. Cholamandalam Investment and Finance Company had returns of 61% and 179%, respectively. Those six companies were the ones with gains above 100% in at least one of the two periods, based on ETMarkets’ figures.
The other four stocks were HDFC Asset Management Company, Bajaj Finance, Lodha Developers and HDFC Bank. ETMarkets reported three- and five-year returns of 91% and 99% for HDFC Asset Management Company, 52% and 47% for Bajaj Finance, 43% and 95% for Lodha Developers, and 8% and 3.5% for HDFC Bank. Their November gains ranged from more than 17% to nearly 19%.
The Nov. 14 article did not name the cutoff for its November tally or the start and end dates for its longer comparisons. It also did not explain how it selected stocks as large-cap or whether the returns included dividends or corporate actions. The ranking offers a snapshot of reported share-price performance; ETMarkets gave no stock-specific explanation for the gains.
India’s Department of Investment and Public Asset Management (DIPAM) said the BSE Sensex closed at 81,592.45 on Nov. 13, down 0.39%. Its market monitor reported foreign institutional investors bought ₹7,831 crore in equities on Nov. 12, while domestic institutional investors sold ₹6,331 crore. The figures show mixed institutional flows but do not establish what drove the individual stocks’ returns.
The National Stock Exchange of India says the Nifty 100 is designed to represent large-cap stocks, selecting constituents from the Nifty 500 by full market capitalization. ETMarkets did not say whether it used that index for its ranking.
