Top winners & losers of Nifty50 in FY23

Mar 31, 2023

By: BI India Bureau

Top gainers and losers in FY23

As the financial year 2022-23 draws to a close, we take a look at the year’s top gainers and losers among the large-cap stocks on the Nifty50 index.

Credit: Canva

Top five Nifty50 winners in FY23

Credit: Canva

ITC​

​The cigarette-to-FMCG conglomerate’s stock ran up 53 percent in the last one year. In February, seven brokerages increased their target price on the stock after the company’s Q3 results. Most of the target prices hover around ₹450 – indicating an 18 percent upside to its current price.​

Credit: ITC

Mahindra & Mahindra

​Shares of the automaker have surged over 42 percent in the last one year. The stock has been in the news recently for the scaling up of its electric vehicle (EV) manufacturing. Reports say the company is in talks to raise $1-1.3 billion by selling shares in its EV unit.​

Credit: MM

Britannia Industries

​This Kolkata-based biscuit maker has seen its shares surge 33 percent in the last one year. It reported a 152 percent year-on-year increase in consolidated net profit to ₹932 crore for the December quarter.​

Credit: Britannia-Industries

NTPC

​The state-owned electricity producer, with a 31 percent rise during the year, is among the top performers on the 50-stock index. Earlier this week, the company signed one of the world’s single largest contracts for the supply of round-the-clock renewable power for an industrial client, Greenko. ​

Credit: NTPC

Hindustan Unilever

​The fast-moving consumer goods (FMCG) major has delivered 23 percent to investors in the last one year. For the December quarter, the company exceeded analysts’ expectations with a net profit of ₹2,505 crore. ​

Credit: Hindustan-Unilever

​Top five Nifty50 losers in FY23​

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Bajaj Finserv

The non-banking financial services company’s stock tanked 63 percent in the last one year amid inflationary pressures and rising interest rate cycle. ​

Credit: Bajaj-Finserv

​Wipro, Tech Mahindra​

​Shares of the two IT services companies have slipped by nearly 38 percent and 27 percent respectively in the last one year due to fears of a slowdown in the key markets of the US and Europe. Further, several analysts expect the forthcoming quarters to be challenging for the sector.​

Credit: Canva

​Divi’s Laboratories​

​The pharmaceutical company lost 36 percent of its value in the last one year. Shares of the company have been under pressure after its disappointing Q3 results – net profit slumped 66 percent to ₹307 crore from ₹902 crore last year.​

Credit: Divis-Laboratories

Hindalco Industries

​Shares of the Aditya Birla Group metal company have dropped 29 percent in the last one year, with the latest pain induced from its Q3 results. The net profit during the quarter tanked 63 percent on year to ₹1,362 crore.​

Credit: Hindalco-Industries

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