Top 3 Nifty 50 stocks doubled in a year

Investing in the stock market is all about chasing growth, and witnessing your portfolio double within a year is the holy grail for many investors. While the Nifty 50 itself may not have achieved that feat in the recent past, several of its constituents have defied market trends and soared to new heights. This article delves into these high-flying Nifty 50 stocks that bucked the trend and delivered stellar more than 100% returns within a year, uncovering the factors that fuelled their impressive growth.

Following Nifty 50 stocks doubled in a year logging more than 100% returns:

Tata Motors Ltd: 

With a substantial market cap of Rs 3,72,185.87 crores, Tata Motors has seen a significant 1-year return of 140.65%. Despite a current market price of Rs 990, which is notably lower than its 52-week high of Rs 1065.6, the stock has displayed resilience, with a wide trading range between Rs 400.45 and Rs 1065.6 over the past year, indicating volatility but also potential for recovery.

Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defence vehicles.

Coal India Ltd: 

Coal India, operating in the mining sector, commands a market cap of Rs 2,76,891.38 crores. Despite a modest current market price of Rs 427.7, the stock has shown an impressive 1-year return of 103.49%. However, it’s worth noting that the stock is currently trading below its 52-week high of Rs 487.6, suggesting some short-term challenges or market sentiment impacting its performance.

Coal India Ltd. is a holding company, which engages in the production and sale of coal.

Bajaj Auto Ltd: 

Bajaj Auto, a major player in the two-wheeler industry, boasts a market cap of Rs 2,41,487.20 crores. Despite a high current market price of Rs 8406, the stock has delivered a strong 1-year return of 125.69%. It’s noteworthy that Bajaj Auto has a wide trading range between Rs 3720.55 and Rs 9025 over the past year, reflecting both the potential for growth and the volatility inherent in the automotive sector.

Bajaj Auto Ltd. engages in the manufacture and market of motorcycles and three-wheeler vehicles.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.