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These 5 high-priced stocks outperformed Nifty50 in 2021

Five out of the total 10 high-priced BSE-listed stocks that gave returns less than Nifty are Page Industries, Honeywell Automation India, MRF, Abbott India and Nestle India.

June 10, 2021 / 12:13 PM IST
Many investors stay away from the high-priced stocks, likely due to the belief that such scrips might possibly see lesser up-move and needs higher investment amount. But during the current rally in the market 7 out of 10 stocks have given at least double-digit return in just over a 5 months period. In fact, 5 of them have outperformed the Nifty 50 index which has given about 12.50 percent return in 2021 so far. We assessed stocks using two filters, stock price over Rs 10,000 per share and a market cap of over Rs 2,500 crore on December 31, 2020. Look at the slides to check out five high-priced stocks that have outperformed the Nifty index in 2021 while the underperformed are Page Industries, Honeywell Automation India, MRF, Abbott India, and Nestle India. (Data Source: ACE Equity)
Many investors stay away from high-priced stocks as they need higher investment. But during the recent rally in the market, 7 out of 10 high-priced stocks have given at least double-digit returns in just about a 5-month period. In fact, 5 of them have outperformed the Nifty 50 index, which has risen about 12.50 percent in 2021 so far. We considered stocks that fulfill these 2 parameters - share price of more than Rs 10,000 per share and a market-cap of over Rs 2,500 crore as on December 31, 2020. (Data Source: ACE Equity).
Tasty Bite Eatables Ltd. | The stock has surged 28 percent to Rs 15,331.90 as on June 8 from Rs 11,968.40 on December 31, 2020. It was trading 10 percent below its 52-week high of Rs 17,000.
Tasty Bite Eatables Ltd. | The stock has surged 28 percent to Rs 15,331.90 as on June 8 from Rs 11,968.40 on December 31, 2020. It is trading 10 below its 52-week high of Rs 17,000
3M India Ltd. | The stock has surged 26  percent to Rs 26300.55 as on June 8 from Rs 20837.35 on December 31, 2020. It was trading -15 below its 52-week high of Rs 30975
3M India Ltd. | The stock has surged 26 percent to Rs 26,300.55 as on June 8 from Rs 20,837.35 on December 31, 2020. It is trading 15 below its 52-week high of Rs 30,975.
Bosch Ltd. | The stock has surged 24  percent to Rs 15852.90 as on June 8 from Rs 12788.40 on December 31, 2020. It was trading -6 below its 52-week high of Rs 16900
Bosch Ltd. | The stock has surged 24 percent to Rs 15,852.90 as on June 8 from Rs 12,788.40 on December 31, 2020. It is trading 6 below its 52-week high of Rs 16,900 .
Shree Cement Ltd. | The stock has surged 21  percent to Rs 28987.65 as on June 8 from Rs 24018.80 on December 31, 2020. It was trading -10 below its 52-week high of Rs 32050
Shree Cement Ltd. | The stock has surged 21 percent to Rs 28,987.65 as on June 8 from Rs 24,018.80 on December 31, 2020. It is trading 10 below its 52-week high of Rs 32,050.
Procter & Gamble Hygiene & Health Care Ltd. | The stock has surged 17  percent to Rs 12988.80 as on June 8 from Rs 11073.75 on December 31, 2020. It was trading -8 below its 52-week high of Rs 14100
Procter & Gamble Hygiene & Health Care Ltd. | The stock has surged 17 percent to Rs 12,988.80 as on June 8 from Rs 11,073.75 on December 31, 2020. It is trading 8 below its 52-week high of Rs 14,100.
Ritesh Presswala Research Analyst at Moneycontrol
first published: Jun 10, 2021 12:01 pm

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