The stock outliers: HUL, M&M and ITC among top gainers on D-street in the last 30 days

Jul 15, 2022

By: Bhakti Makwana

Here are the top stocks among the Nifty 50 that gained the most in the last 30 days:

Indian stock markets have been volatile for many months now due to global uncertainties, rising inflation and interest rates. However, there were some outliers that managed to escape the rout.

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Hindustan Unilever rose 17 percent

Shares of FMCG companies have been rising high in the last one month aided by the fall in global crude palm oil prices – a key raw material. Hindustan Unilever’s 17 percent gain in the last 30 days gave investors something to celebrate amid the high inflation.

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Mahindra & Mahindra surged 14 percent

The automaker has been gaining traction since British International Investment announced plans to invest up to $250 million in a new electric passenger vehicle company to be set up by M&M.

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Britannia spiked 13 percent in the last 30 days

FMCG stocks, which had underperformed the market in the last two years, are now becoming investors’ favorite as they make defensive bets amid an economic slowdown.

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Asian Paints rose 13 percent

Shares of one of the largest paint companies are picking up after a downbeat performance due to rising raw material prices and post-covid impact. Meanwhile, analysts say the company has continued to remain a dominant player and has managed to protect margins.

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Maruti Suzuki India accelerated 12 percent

As input costs soften and auto sales improve, analysts expect the automaker’s earnings for the April-June quarter to improve. “We continue to believe that Maruti Suzuki is well placed to recapture its FY13-18 ‘Golden Phase’,” said a report by DAM Capital.

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Nestle gained 11 percent

Shares of all FMCG companies have been rising in the last one month as crude oil prices have inched down to below $100 per barrel – a big positive for the sector.

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ITC picked up 10 percent in the last 30 days

Shares of the Kolkata-based FMCG-to-cigarette conglomerate have been gaining on expectations of strong earnings in the June quarter led by healthy volume growth in cigarettes business.

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Eicher Motors surged 10 percent

The New Delhi-based parent of Royal Enfield posted robust sales in June. Volumes soared 43 percent to 61,407 units in the month, against 43,048 units last year.

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Hero MotoCorp gained 9.5 percent

The two-wheeler giant is among automakers that have booked strong sales in the month of June – registering a 3.35 percent growth in sales to 4.84 lakh units. Sales of motorcycles boosted its performance.

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ICICI Bank soared 9 percent in the last 30 days

Analysts believe the lender’s credit card segment has witnessed strong growth. Brokerage Jefferies sees ICICI Bank delivering a 17 percent compound annual growth rate in profit over FY 22-24 with return on equity of 16 percent

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Bajaj Finance went up by 9 percent

The NBFC recently disclosed its June-quarter performance that mentioned 7.4 million new loans as compared to 4.6 million last year. Also it logged the highest ever quarterly increase in its customer franchise of 2.7 million.

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