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Stocks of these 5 MNCs surge up to 50% YTD; do you own any?

Shining Bright
BCCL
1/6
Shining Bright
In 2022, Nifty MNC index gained about 6% while Nifty50 index was up about 8%. It is interesting to know that in the last three calendar years, (including 2022) Nifty MNC index performance was almost in line with the benchmark index Nifty50. In 2021, Nifty50 surged 24% same time NiftyMNC was up 23%, and in 2020 Nifty gained 15% while the MNC barometer gained 13%.

Nifty MNC Index comprises of 30 listed companies in which the foreign promoter shareholding is over 50% (latest holding as of September 2022). These companies usually have low debt exposures. ET Markets analysed the stocks that have gained over 25% in 2022 so far. All five stocks look strong on SWOT analysis. Take a look at the key strengths of these stocks, according to Trendlyne.com.

Schaeffler India | Price Return in 2022: 56%
Agencies
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Schaeffler India | Price Return in 2022: 56%
CMP: Rs 2736.05 |52-week high: Rs 3968.75
- Growth in quarterly net profit with increasing profit margin (YoY)
- Company with no debt
- Increasing revenue every quarter for the past 4 quarters
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding
Cummins India | Price Return in 2022: 53%
BCCL
3/6
Cummins India | Price Return in 2022: 53%
CMP: Rs 1445.00 |52-week high: Rs 1455.
- Growth in quarterly net profit with increasing profit margin (YoY)
- Company with low debt
- Increasing revenue every quarter for the past 2 quarters
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding
Ambuja Cements | Price Return in 2022: 52%
Agencies
4/6
Ambuja Cements | Price Return in 2022: 52%
CMP: Rs 573.35 |52-week high: Rs 593.75
- Effectively using shareholders fund - Return on equity (ROE) improving since last 2 year
- Efficient in managing assets to generate profits - ROA improving since last 2 year
- Company with low debt
- Strong cash generating ability from core business - Improving cash flow from operation for last 2 years
- Annual net profits improving for last 2 years
- Near 52-week high

ABB India | Price Return in 2022: 33%
ET Bureau & Agencies
5/6
ABB India | Price Return in 2022: 33%
CMP: Rs 2975.60 |52-week high: Rs 3445.65
- Growth in net profit with increasing profit margin (QoQ)
- Growth in quarterly net profit with increasing profit margin (YoY)
- Company with no debt
- Increasing revenue every quarter for the past 2 quarters
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding

SKF India | Price Return in 2022: 27%
Agencies
6/6
SKF India | Price Return in 2022: 27%
CMP: Rs 4767.45 |52-week high: Rs 5170.85
- Growth in quarterly net profit with increasing profit margin (YoY)
- Company with no debt
- Increasing revenue every quarter for the past 4 quarters
- Increasing profits every quarter for the past 3 quarters
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding

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