Ritesh Presswala Moneycontrol News
The Indian equity market has been witnessing a phenomenal run so far this year. On Wednesday, the benchmark indices closed on a high with Sensex peaking at 33042 and Nifty at 10295.
During this year there were around 343 stocks from the BSE universe which more than doubled investors’ wealth.
Moneycontrol ran a query to find out which stocks gave consistent price returns every month in the last ten months. There were only two stocks in the last 10 months which stood out --- Avanti Feeds, Edelweiss Financial Services. Both of the scrips gained a minimum of 3 percent every month in the last ten months.
On a year to date basis, these two stocks gave stellar returns of 439 percent and 195 percent, respectively.
Outstanding Bottomline Performance
In the last three quarters both these companies' quarterly profits also steadily rose reflecting their strong fundamentals.
FIIs & MFs: However, FIIs & MFs have pared their stake in these two companies in the September quarter compared to quarter gone by. However, this does not necessarily imply that either of these two stocks may be an underperformer/non-performer.
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