Top Performing Stocks of the Year 2020
As 2020 is culminating soon, we look back at a year that proved to be turbulent for the stock market arena. There was upheaval throughout the year, where in the beginning the broader market witnessed a humongous downside but as the end nears we see indices reaching an all time high.
Amongst the 100 best performing stocks of the year gone by the top five have surpassed their respective indices by a huge margin. With the top stocks have recorded a growth of over 500%, Nifty 100 witnessed a growth of about 13 percent.
Here we look at the top five best performing stocks.
Adani Green Energy Ltd has witnessed a record 1 year return of about 522 percent with their current market price stationed at Rs 1,036. 20.
Divi’s Laboratories entered the Rs 1 trillion market capitalization club becoming the second Indian pharmaceutical company to do so. With their current market price at Rs 3,749.60, they recorded a 1- year return of about 103 percent.
L&T Infotech reached an all time high market price of Rs 3625.60. The IT sector stock recorded a 1-year return of about 107 percent.
Aurobindo Pharma signed a pact with COVAXX of US to develop and market a vaccine for the COVID-19 virus. This best performing stock has its current market price placed at Rs 909 with a 1 year return of 99 percent.
Tata Consumer Products reached their new all time high of Rs 616.10 on Thursday while recording a 1 year return of 88 percent. The stock is speculated to replace GAIL and be included in the forthcoming semi-annual review.