2 PSUs among 10 capital goods stocks that rallied up to 164% in FY23
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Taking Stock
Even though the benchmark Nifty offered flattish returns in FY23, some stocks, especially in the capital equipment space, had a good year. In addition, basic materials, energy, consumer cyclical, and consumer staple stocks have also made a mark in FY23. Here are the top 10 stocks with a market capitalisation of over Rs 2,500 cr in the last fiscal. (Source: MarketSmith India)
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Mazagon Dock Shipbuilders
Shares of Mazagon Dock Shipbuilders in the capital equipment space have rallied 164% in FY23. So far this year, the stock is down about 10.74%. The CMP is Rs 703.50
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Kirloskar Ferrous Industries
The company's shares delivered 111% returns in FY23. It has rallied nearly 20% on a year-to-date basis. The CMP is Rs 435
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Finolex Cables
Finolex Cables surged by a massive 106% in the previous fiscal year. The stock has risen 52% this year. The CMP is Rs 838
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Rail Vikas Nigam
The PSU has more than doubled investors' wealth in the previous financial year, with a 106% gain. The CMP is 73.55 and has jumped 8% this year
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Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders & Engineers, again a stock from the capital equipment space, has risen 97% in the previous financial year. So far this year, the stock is down 3%
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Data Patterns (India)
Data Patterns (India) has gained 85% in the last fiscal. The stock has jumped by nearly 48% on a year-to-date basis. The CMP is RS 1660
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Hindustan Aeronautics
The shares of Hindustan Aeronautics delivered nearly 80% returns to investors in FY23. So far this year, the shares have appreciated 10%. The CMP is 2,804
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Bharat Dynamics
Shares of Bharat Dynamics delivered 74% returns to investors in the last fiscal year. The stock is up 5% on a year-to-date basis. The CMP is Rs 988
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Action Construction Equipment
Action Construction Equipment jumped 72% in the financial year 2022-23. So far this year, it is up 31%. The CMP is Rs 402
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NCC
Shares of NCC have surged by 64% in the last financial year. On a year-to-date basis, the stock is up 18%. The CMP is Rs 107.