Article

Stocks That Have Gained More Than 50% in H1 2020

03 Jul 2020 Nikita Bhoota

Most of the investors would be thinking of if they could rule out the year 2020 from their investment portfolio as the first 6 months (H1) of the year 2020 was a challenging period for equity markets. The market made record high in January 2020 but started tumbling around the union budget and later entered a bear phase on account of covid19 outbreak across the world. Both the benchmark indices Sensex and Nifty50 plummeted 15% each in H1 of the year 2020. Meanwhile, the S&P BSE Midcap index and S&P BSE Smallcap index declined 13% and 10% respectively.

However, the Sensex and Nifty jumped 34.4% and 35.4% respectively from March lows supported by the huge global liquidity and commitment for more fiscal stimulus for economic recovery. Out of MSE 500 stocks, 127 stocks have given positive returns. Whereas, 298 stocks have fallen more than 10% in the same period. Below is the list of stocks that have created magnificent wealth for the investors (more than 50% return) in the first half of the year 2020.

div class="table-responsive">

Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

Suzlon Energy Ltd.

1.9

5.1

167.5%

GMM Pfaudler Ltd.

1,877.1

4,093.9

118.1%

Adani Green Energy Ltd.

174.8

358.7

105.2%

Alkyl Amines Chemicals Ltd.

1,103.8

2,107.2

90.9%

The India Cements Ltd.

73.2

128.2

75.2%

Vodafone Idea Ltd.

6.1

10.6

73.8%

Escorts Ltd.

606.2

1,040.3

71.6%

Dhanuka Agritech Ltd.

419.3

708.7

69.0%

Aurobindo Pharma Ltd.

458.4

771.5

68.3%

Granules India Ltd.

121.8

202.5

66.3%

Alembic Pharmaceuticals Ltd.

550.9

913.4

65.8%

JB Chemicals & Pharmaceuticals Ltd.

428.5

707.2

65.1%

Bayer CropScience Ltd.

3,616.3

5,944.7

64.4%

Navin Fluorine International Ltd.

1,003.9

1,621.6

61.5%

Hathway Cable & Datacom Ltd.

19.8

31.8

60.8%

TV18 Broadcast Ltd.

21.3

33.8

59.1%

Rallis India Ltd.

174.5

272.6

56.2%

Dishman Carbogen Amcis Ltd.

78.5

121.9

55.2%

Tata Communications Ltd.

398.4

611.2

53.4%

Dixon Technologies (India) Ltd.

3,786.1

5,744.9

51.7%

Vaibhav Global Ltd.

849.2

1,279.2

50.6%

Source: Ace Equity

The above table shows that 21 stocks have rallied more than 50% in H1 of 2020. Suzlon Energy Ltd. tops the list followed by GMM Pfaudler Ltd. and Adani Green Energy Ltd.

  • Suzlon Energy Ltd. rallied 167.5% as it completes Debt Restructuring; Lenders allow repayment of dues in 10 years. The rally may also due to anticipation of certain positivity in the renewable sector.
  • Aurobindo Pharma Ltd. jumped 68.3% in H1 2020 on account of healthy quarterly performance supported by strong execution across markets, sharp gross margin expansion and debt reduction.
  • GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry, the stock doubled investors’ wealth as it is the key beneficiary of the shift of manufacturing of Chemical & API business from China to India.
  • Adani Green Energy Ltd. rallied 105% in the same period supported by certain corporate actions and due to winning the world’s largest solar tender. 
  • Shares of India Cements surged 75.2% amidst media reports of ace investor Radhakishan Damani considering a takeover of the company. However, the company denied the reports of Mr. Damani buying a controlling stake in the company.
  • Escorts share price jumped 71.6% on account higher tractor sales in May, prospects of a good monsoon.

The other stocks that gave magnificent returns in the first half of 2020 were Vodafone Idea Ltd, Dhanuka Agritech, Tata Communications, JB Chemicals & Pharmaceuticals etc. Most of these stocks are from the small & midcap space and rally in these stocks are largely attributed to the rally in the broader markets, and stock-specific fundamental factors.

Stocks that underperformed the benchmark induces

Below is the list of stocks that have fallen more than 50% in H1 2020

Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

IndusInd Bank Ltd.

1,484.6

474.7

-68.0%

Lemon Tree Hotels Ltd.

63.3

23.9

-62.3%

Future Retail Ltd.

342.2

129.0

-62.3%

Repco Home Finance Ltd.

318.6

122.5

-61.5%

Raymond Ltd.

671.7

277.4

-58.7%

DCB Bank Ltd.

176.2

75.8

-57.0%

Spicejet Ltd.

116.4

50.3

-56.8%

Varroc Engineering Ltd.

415.7

181.8

-56.3%

EIH Ltd.

143.7

63.6

-55.7%

Delta Corp Ltd.

194.7

86.8

-55.4%

Sunteck Realty Ltd.

418.3

188.0

-55.1%

Canara Bank

221.6

100.6

-54.6%

Shoppers Stop Ltd.

370.4

169.0

-54.4%

Spandana Sphoorty Financial Ltd.

1,184.3

545.6

-53.9%

Tata Chemicals Ltd.

671.7

310.2

-53.8%

Equitas Holdings Ltd.

106.3

49.6

-53.4%

PNB Housing Finance Ltd.

445.0

208.0

-53.3%

IDFC Ltd.

38.9

18.4

-52.7%

Bank Of Baroda

101.9

48.6

-52.3%

Shriram City Union Finance Ltd.

1,379.2

671.3

-51.3%

Take Solutions Ltd.

99.0

49.4

-50.2%

RBL Bank Ltd.

347.8

173.4

-50.1%

Source: Ace Equity

22 stocks on BSE 500 have plummeted more than 50% In H1 2020 largely impacted by lockdown in the country. The world’s biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people has resulted in a hefty loss.

Recommendations to the Investors

The first six months of 2020 was a roller-coaster ride for investors where markets moved from a bull phase to a bear phase and rebounded again. The coming months will be interesting for Indian equity markets. The world is looking forward to the post COVID world but as of now, there is no definitive timeline. The stability in the market can be seen once the world finds a vaccine for covid 19. There are lot of opportunities for long term investors to get into stocks. However, stocks should be selected based on strong fundamentals, management, and prospects of the business. At the same time, it is also essential to consider the risk appetite of the investor.

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Stocks That Have Gained More Than 50% in H1 2020

03 Jul 2020 Nikita Bhoota

Most of the investors would be thinking of if they could rule out the year 2020 from their investment portfolio as the first 6 months (H1) of the year 2020 was a challenging period for equity markets. The market made record high in January 2020 but started tumbling around the union budget and later entered a bear phase on account of covid19 outbreak across the world. Both the benchmark indices Sensex and Nifty50 plummeted 15% each in H1 of the year 2020. Meanwhile, the S&P BSE Midcap index and S&P BSE Smallcap index declined 13% and 10% respectively.

However, the Sensex and Nifty jumped 34.4% and 35.4% respectively from March lows supported by the huge global liquidity and commitment for more fiscal stimulus for economic recovery. Out of MSE 500 stocks, 127 stocks have given positive returns. Whereas, 298 stocks have fallen more than 10% in the same period. Below is the list of stocks that have created magnificent wealth for the investors (more than 50% return) in the first half of the year 2020.

div class="table-responsive">

Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

Suzlon Energy Ltd.

1.9

5.1

167.5%

GMM Pfaudler Ltd.

1,877.1

4,093.9

118.1%

Adani Green Energy Ltd.

174.8

358.7

105.2%

Alkyl Amines Chemicals Ltd.

1,103.8

2,107.2

90.9%

The India Cements Ltd.

73.2

128.2

75.2%

Vodafone Idea Ltd.

6.1

10.6

73.8%

Escorts Ltd.

606.2

1,040.3

71.6%

Dhanuka Agritech Ltd.

419.3

708.7

69.0%

Aurobindo Pharma Ltd.

458.4

771.5

68.3%

Granules India Ltd.

121.8

202.5

66.3%

Alembic Pharmaceuticals Ltd.

550.9

913.4

65.8%

JB Chemicals & Pharmaceuticals Ltd.

428.5

707.2

65.1%

Bayer CropScience Ltd.

3,616.3

5,944.7

64.4%

Navin Fluorine International Ltd.

1,003.9

1,621.6

61.5%

Hathway Cable & Datacom Ltd.

19.8

31.8

60.8%

TV18 Broadcast Ltd.

21.3

33.8

59.1%

Rallis India Ltd.

174.5

272.6

56.2%

Dishman Carbogen Amcis Ltd.

78.5

121.9

55.2%

Tata Communications Ltd.

398.4

611.2

53.4%

Dixon Technologies (India) Ltd.

3,786.1

5,744.9

51.7%

Vaibhav Global Ltd.

849.2

1,279.2

50.6%

Source: Ace Equity

The above table shows that 21 stocks have rallied more than 50% in H1 of 2020. Suzlon Energy Ltd. tops the list followed by GMM Pfaudler Ltd. and Adani Green Energy Ltd.

  • Suzlon Energy Ltd. rallied 167.5% as it completes Debt Restructuring; Lenders allow repayment of dues in 10 years. The rally may also due to anticipation of certain positivity in the renewable sector.
  • Aurobindo Pharma Ltd. jumped 68.3% in H1 2020 on account of healthy quarterly performance supported by strong execution across markets, sharp gross margin expansion and debt reduction.
  • GMM Pfaudler (GMMP) a leading supplier of process equipment to the pharmaceutical and chemical industry, the stock doubled investors’ wealth as it is the key beneficiary of the shift of manufacturing of Chemical & API business from China to India.
  • Adani Green Energy Ltd. rallied 105% in the same period supported by certain corporate actions and due to winning the world’s largest solar tender. 
  • Shares of India Cements surged 75.2% amidst media reports of ace investor Radhakishan Damani considering a takeover of the company. However, the company denied the reports of Mr. Damani buying a controlling stake in the company.
  • Escorts share price jumped 71.6% on account higher tractor sales in May, prospects of a good monsoon.

The other stocks that gave magnificent returns in the first half of 2020 were Vodafone Idea Ltd, Dhanuka Agritech, Tata Communications, JB Chemicals & Pharmaceuticals etc. Most of these stocks are from the small & midcap space and rally in these stocks are largely attributed to the rally in the broader markets, and stock-specific fundamental factors.

Stocks that underperformed the benchmark induces

Below is the list of stocks that have fallen more than 50% in H1 2020

Company Name

01-Jan 20

30-Jun 20

Loss/ Gain

IndusInd Bank Ltd.

1,484.6

474.7

-68.0%

Lemon Tree Hotels Ltd.

63.3

23.9

-62.3%

Future Retail Ltd.

342.2

129.0

-62.3%

Repco Home Finance Ltd.

318.6

122.5

-61.5%

Raymond Ltd.

671.7

277.4

-58.7%

DCB Bank Ltd.

176.2

75.8

-57.0%

Spicejet Ltd.

116.4

50.3

-56.8%

Varroc Engineering Ltd.

415.7

181.8

-56.3%

EIH Ltd.

143.7

63.6

-55.7%

Delta Corp Ltd.

194.7

86.8

-55.4%

Sunteck Realty Ltd.

418.3

188.0

-55.1%

Canara Bank

221.6

100.6

-54.6%

Shoppers Stop Ltd.

370.4

169.0

-54.4%

Spandana Sphoorty Financial Ltd.

1,184.3

545.6

-53.9%

Tata Chemicals Ltd.

671.7

310.2

-53.8%

Equitas Holdings Ltd.

106.3

49.6

-53.4%

PNB Housing Finance Ltd.

445.0

208.0

-53.3%

IDFC Ltd.

38.9

18.4

-52.7%

Bank Of Baroda

101.9

48.6

-52.3%

Shriram City Union Finance Ltd.

1,379.2

671.3

-51.3%

Take Solutions Ltd.

99.0

49.4

-50.2%

RBL Bank Ltd.

347.8

173.4

-50.1%

Source: Ace Equity

22 stocks on BSE 500 have plummeted more than 50% In H1 2020 largely impacted by lockdown in the country. The world’s biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people has resulted in a hefty loss.

Recommendations to the Investors

The first six months of 2020 was a roller-coaster ride for investors where markets moved from a bull phase to a bear phase and rebounded again. The coming months will be interesting for Indian equity markets. The world is looking forward to the post COVID world but as of now, there is no definitive timeline. The stability in the market can be seen once the world finds a vaccine for covid 19. There are lot of opportunities for long term investors to get into stocks. However, stocks should be selected based on strong fundamentals, management, and prospects of the business. At the same time, it is also essential to consider the risk appetite of the investor.