Top 5 Stocks that gained in 1 month (BSE 200) even during stock market crash
Stock market crash. Investors are scared to hear this almost every day. On Friday, Indian stock market has almost hit lower circuit of 10% and later recovered for several reasons. It could be large cap stock or midcap stock or small cap stock, almost every stock has fallen in the last 1 month when SENSEX has fallen from 41K to 34K. There are a few stocks that are recovering now. There are a few stocks that have performed well and still gave positive returns in the last 1 month. We have filtered 5 top and best performing stocks in India that has gained in the last 1 month from BSE200 even during this huge market correction. We would also give our views, whether one should invest or avoid them.
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Top 5 Stocks that gained in 1 month (BSE 200) – In spite of correction
Here are the top 5 stocks that have gained between 1% to 43% in the last 1 month. You should go through the reasons why these stock prices are going before investing.
1) DHFL – CMP – Rs 13.64 – Up by 43% in 1 month
Dewan Housing Finance Corporation Ltd. is a deposit-taking housing finance company. DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India.
DHFL was trading at Rs 9.56 per share last month and currently trading at Rs 13.64 with a gain of 43% in the last 1 month.
DHFL traded low of Rs 9 and high of Rs 176 in the last 52 weeks.
Here is the 1 year share price trending chart (Source: Equitymaster)
Our View: This is a bankrupt finance company. In Nov 2019 RBI has superseded DHFL board and referred this finance company to the National Law Tribunal. There is news in the last few days that the administrator of this bankrupt company would publish the final list of bidders who would take over the company. There are hopes in the stock market that the company would be taken over with high share prices compared to what is being traded. However, there are little chances that such bidding would happen at higher share prices. One need to be careful as such share price gains could vanish once the prospective bidder is identified and the investments into such company are announced.
2) Vodafone Idea – CMP – Rs 5.63 – Up by 26% in 1 month
Vodafone Idea Limited is an Indian mobile operator and a pan-India integrated GSM operator offering 2G, 3G and 4G VoLTE mobile services under two brands named Vodafone and Idea.
Vodafone Idea was trading at Rs 4.48 per share last month and currently trading at Rs 5.63 with a gain of 26% in the last 1 month.
Vodafone Idea traded low of Rs 3 and high of Rs 21 in the last 52 weeks.
Here is the 1 year share price trending chart (Source: Equitymaster)
Our View: Telecom stocks have been under pressure after Departmetn of Telecom (DoT) asked them to pay the AGR dues at the earliest. Some of the media indicated that Govt of India is working on relief package for the telecom sector. Due to this news, telecom stocks has zoomed in the last 3-5 sessions. The Vodafone, Idea share price has increased by 70% in the last 1 week. Hence the price appreciation which you are seeing is purely based on the hope which is based on these rumors. If such rumors come true, this share price can increase in the short term.
3) Muthoot Finance – CMP – Rs 802 – Up by 8.5% in 1 month
Muthoot Finance Ltd is the largest gold financing company in the world.
Muthoot Finance was trading at Rs 740 per share last month and currently trading at Rs 802 with a gain of 8% in the last 1 month.
Muthoot Finance was trading at low of Rs 543 and high of Rs 954 in the last 52 weeks.
Here is the 1 year share price trending chart (Source: Equitymaster)
Our View: Muthoot Finance board of meeting is scheduled on 17th March to declare results and fixing date for interim dividend. Even this stock has fallen by 10% in the last two weeks where stock market correction is happening. This stock has been steadily rising in the last 1 year. One can wait for quarterly results and based on that one can further invest. One should not forget that NBFC companies have become high risk now.
4) Abbott India – CMP – Rs 15,009 – Up by 2% in 1 month
Abbott India is one of India’s fastest-growing pharmaceutical companies in India.
Abbott India was trading at Rs 14,771 per share last month and currently trading at Rs 15,009 with a gain of 2% in the last 1 month.
Abbott India was trading at low of Rs 7,150 and high of Rs 16,661 in the last 52 weeks.
Here is the 1 year share price trending chart (Source: Equitymaster)
Our View: Abbott India is leading pharma company. This company has launched the quadrivalent vaccine for influenza in India last month. It is the only 0.5 ml quadrivalent flu vaccine in India that has been approved for use in children below 3 years. Even in the last 2 weeks inspite of huge correction this company share price has declined only 4%. Due to corona virus, pharma companies are expected to shine for the next few quarters.
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5) Indiabulls Venture – CMP – Rs 179 – Up by 1% in 1 month
Indiabulls Ventures is a stockbroker in India that provides subscription based trading plans with zero brokerage and interest.
Indiabulls Ventures were trading at Rs 178 per share last month and currently trading at Rs 179.3 with a gain of 1% in the last 1 month.
Indiabulls Ventures were trading at low of Rs 78 and high of Rs 362 in the last 52 weeks.
Here is the 1 year share price trending chart (Source: Equitymaster)
Our View: Indiabulls ventures have declared dividend of Rs 2.25 per share, with a record date of 24th March, 2020. This stock lost 20% in the last 2 weeks during this stock market turbulence. This stock is highly volatile. One need to be cautious before investing in such stocks.
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Suresh KP
Top 5 Stocks that gained in 1 month (BSE 200) – Inspite of correction
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