The first month of the new decade was rough for the markets. Wars and pandemic scares engulfed the world. The markets had a mixed reaction — a bit scared in the beginning but then all was well within a few days!
Amidst this volatility, some stocks managed to do well. And few among these, splendidly well.
Let’s have a look at the best NIFTY 50 stocks of January 2020 and how much they gained.
As you can see Bharti Airtel Ltd. gained almost 10% in January 2020 and this was the largest gain among NIFTY 50 stocks. It continued its momentum — as you can see the stock has gained almost 60% over the past one year alone!
Other stocks that gained at least 5% in the month of January were UltraTech Cement Ltd., Dr. Reddy’s Laboratories Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., Britannia Industries Ltd. and Hindustan Unilever Ltd.
While the above stocks created wealth, some stocks eroded wealth and by quite a lot.
Let’s have a look at the worst performing NIFTY 50 stocks of January 2020 –
As you can see, a number of large cap stocks lost more than 10% in January 2020. Moreover, Yes Bank Ltd. and IndusInd Bank Ltd. lost more than 15% in January 2020 alone!
Yes Bank Ltd. continues its awful run. It has lost a whopping 79% in the last one year!
Stocks that lost more than 10% in January 2020 were — UPL Ltd., Vedanta Ltd., Hindalco Industries Ltd., Coal India Ltd., Oil and Natural Gas Corporation Ltd.
Among these stocks, UPL Ltd. has lost a whopping 33% in the last one year! That’s second only to the disappointing Yes Bank Ltd. stock on the list.
Disclaimer: This is a trivia post and should not be construed as investment advice. Finpeg (Neam Caps Pvt Ltd [ARN-113082]) will not be responsible for any investment decision taken based upon the above information. One must consult an independent financial advisor before taking any investment decision.
Originally published at Finpeg Blog.