Trident, Adani Enterprises, Angel One and Happiest Minds among top performing stocks of 2021

The textile company stock has given the best returns on the street this year with 395% returns. Ludhiana-based Trident is one of the largest players in the textile space in India. The company has two major business segments — textiles and paper. The company’s consolidated net profit grew 121% in the September quarter to ₹234 crore.

Another booster for the stock this year was the government's approval of the production linked incentive scheme (PLI). In September, the government approved the PLI scheme with incentives worth ₹10,683 crore for the textile industry in India. The move will help bolster domestic manufacturing, boost employment and scale up exports.

Poonawala Fincorp is a Pune-based non-banking financial company (NBFC), formerly known as Magma Fincorp. Adar Poonawala, chief executive officer (CEO) of Serum Institute of India, the firm behind Covishield vaccine, recently took controlling stake in the company. Shares of the company surged 431% in 2021.

Poonawala Fincorp operates in retail finance, SME finance, housing finance and general insurance business. The NBFC reported a 151% rise in consolidated net profit at ₹95.5 crore in September quarter on reduction in interest and credit costs. The company is planning to raise its assets under management (AUM) to ₹45,000 crore by 2025, almost triple from the current levels of ₹15,275 crore.

Investments towards electric vehicles (EV) have escalated quickly this year and so has demand for their batteries. The chemical manufacturing company is now foraying into new-age businesses such as battery chemicals for EV batteries, solar panels and hydrogen fuel cells. The company has announced a capital expenditure of ₹2,500 crore for battery inputs in next three financial years.

Moreover, profit of Gujarat Fluorochemicals increased 162% to ₹207.15 crore in September quarter.

KPR is a leading garment exporter as well as the largest vertically integrated apparel company, engaged in manufacturing and marketing readymade knitted garments, knitted fabrics and cotton yarn.

The stock has risen 36% in the last one month as the company announced successful commissioning of its new 42 million garments per annum production capacity at its Tamil Nadu unit on November 21, 2021. With this, the total Garment manufacturing capacity has increased to 157 million garments per annum.

KPR Mills has two major capex projects in the pipeline worth ₹750 crore towards garmenting facility ( 250 crore) and ethanol facility (₹500 crore). The net profit of the company rose 115% on year to ₹242 crore in the September quarter.

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

The increasing economic activity has spurred demand for electricity in recent times.The company posted strong earnings for the second quarter ended September 2021 and also announced bonus shares in the ratio of 2:1.

Adani Enterprises, the flagship company of Adani Group, is among the country’s fastest growing integrated infrastructure groups. Analysts believe that the Adani company stocks are driven by speculation and not fundamentals.

Despite its profitability dipping by over 50%, the company’s stock is only going upwards. It reported a 55.3% decline in consolidated profit at ₹194.54 crore for the quarter ended September, hit by higher expenses.

Technology stocks have been investors' favourite in the last one year and mid-cap IT firm Happiest Minds is one of them. It’s not a big surprise because the software exporter has clocked a 11% growth in revenue for the year ending March 2021.

The company’s revenue grew 46% on year in September quarter to ₹274 crore while profit grew 30% at ₹44 crore. Adding to it, the company is looking to expand its business by acquiring companies in other countries. “We are constantly looking for [acquisitions]...active discussions are ongoing with more than a few [companies],” said Venkatraman Narayanan, managing director (MD) and chief financial officer (CFO) at Happiest Minds Technologies in an interview with Business Insider.

The chemical manufacturing company is one of the beneficiaries of the China plus one strategy specially after manufacturing units in China closed temporarily due to shortage of electricity during October.

China Plus One is the business strategy to avoid investing only in China and diversify business into other countries.

The chemical manufacturer produces methylamines, ethylamines, derivatives of specialty chemicals and pharma excipients. The company’s net profit doubled in the September quarter at ₹88 crore.

The stock has climbed 88% in the last two months right after it raised the revenue growth outlook for FY22 to 20% from 18% on November 1. Strong order inflow backed by a robust demand environment is why the company has increased its outlook.

The company that provides software to the automotive companies is focused towards developing technologies to help the automobile industry in vehicle infrastructure.

The company reported a 140% jump in net profit at ₹65 crore for September quarter.