​Top winners & losers of Nifty500 in FY23​

Mar 31, 2023

By: BI India Bureau

Top winners & losers of Nifty500 in FY23

​As the financial year 2022-23 comes to an end, Business Insider brings together a list of the year’s top gainers and losers among the Nifty500 companies. Note that the list excludes companies below ₹30,000 crore market capitalisation. ​

Credit: Canva

Top five Nifty500 winners in FY23

Credit: Canva

​Varun Beverages ​

​The beverage maker’s stock more than doubled in the last one year as it surged 121 percent. Analysts believe that the company is well placed to capitalise on the early onset of hot summer. ​

Credit: Varun-Beverages

​Indian Bank ​

​The Chennai based public sector bank’s shares have jumped 90 percent in the last fiscal year. In the December quarter the lender’s net profit doubled on year to ₹1,396 crore led by rise in interest income and fall in bad loans. ​

Credit: Indian-Bank

Hindustan Aeronautics

​Shares of the public sector aerospace and defence company climbed 88 percent on a strong order book, a good pipeline with good growth visibility. The company’s net profit rose by 24 percent on year in Q3 to ₹1,155 crore. ​

Credit: Hindustan-Aeronautics

TVS Motor Company

​The motorcycle manufacturer’s shares rose 71 percent in the last one year. The company in March expanded its global footprint with the launch of its bikes, scooters and commercial vehicles in Ghana. ​

Credit: TVS-Motor-Company

​Union Bank of India​

​Shares of the public sector bank jumped 71 percent in the last one year thanks to its robust financial performance. In Q3, the bank’s profit doubled by 107 percent to ₹2,245 crore led by double digit growth in net interest income and improvement in asset quality. ​

Credit: Union-Bank-of-India

​​Top five Nifty50 losers in FY23​

Credit: Canva

​​Adani Group companies ​

​The annual returns of the group’s shares were affected after the crash caused by the Hindenburg report. Three group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy slipped 59 percent, 58 percent and 53 percent respectively. ​

Credit: BCCL

​​FSN E-Commerce Ventures ​

​Shares of the parent company of Nykaa tanked 56 percent in the last one year. The stock has been under pressure due to many reasons including mass resignations – as five of its senior executives quit the company. ​

Credit: Nykaa

​​Bajaj Finserv ​

​The non-banking financial services company’s stock tanked 63 percent in the last one year amid rising interest rates. ​

Credit: Bajaj-Finserv

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