Trent, M&m Steal Spotlight As Top Nifty Gainers In 2024; Indusind Bank, Asian Paints Lead The Laggards Pack

Trent, M&M steal spotlight as top Nifty gainers in 2024; IndusInd Bank, Asian Paints lead the laggards pack

Gainers & Loser: A Year of Ups and Downs: How Nifty Stocks Performed in 2024

The Indian equity markets in 2024 took investors on a wild ride, beginning with an unprecedented bull run followed by a sharp correction in the latter half of the year. The Nifty benchmark soared to a record high of 26,277 in September, fueled by strong corporate earnings and encouraging macroeconomic indicators.

However, the momentum didn’t last, as factors like the Indian general elections, global market volatility due to yen carry trade fluctuations, China’s stimulus measures and uncertainty surrounding Donald Trump’s possible return to the White House triggered a downward spiral.

Amid this turbulence, some stocks managed to thrive and create significant wealth, while others struggled to keep up. Here’s a closer look at the top gainers and laggards of the Nifty pack in 2024.


Top 5 Nifty Gainers

Top Gainers: The Stars of 2024

Trent | +132% YTD

Trent, the Tata Group’s retail powerhouse, dazzled investors by more than doubling its stock price for the second consecutive year. As one of the top gainers, its robust financial performance, aggressive retail expansion, and growing digital footprint have made it a darling of the stock market. The company’s inclusion in the Nifty 50 index in September was the cherry on top, solidifying its status as a top gainer for 2024.

M&M | +76% YTD

Mahindra & Mahindra had its best year since 2009, emerging as a strong gainer thanks to its successful electric vehicle (EV) ventures and expanding SUV market share. Its “Born Electric” lineup and positive customer reception for the Thar Roxx further bolstered its position as one of the year’s most notable gainers.

Bharat Electronics | +58% YTD

A surge in government defence spending and a slew of new orders helped Bharat Electronics stand out as a top gainer in 2024. Strong revenue growth and the company’s entry into the Nifty 50 index have boosted investor confidence, making it one of the key gainers in the defence sector.

Bharti Airtel | +54% YTD

Bharti Airtel’s exceptional 2024 performance has cemented its position among the top gainers. Despite legal challenges, the telecom giant added subscribers while competitors like Jio and Vodafone Idea struggled, reinforcing its place as a consistent gainer in the stock market.

Sun Pharma | +47% YTD

Sun Pharma continued its dominance in the high-margin specialty segment, becoming one of the standout gainers in 2024. Although regulatory issues briefly hindered its U.S. sales, the resolution brought optimism, confirming its spot as a top gainer in the pharmaceutical industry.

The term “gainers” aptly describes these stocks that overcame challenges to deliver stellar returns, making them standout performers in the Nifty universe for 2024.


Top 5 Nifty Losers

Top Laggards: The Strugglers of 2024

IndusInd Bank | -40% YTD

The worst performer in the Nifty 50 pack, IndusInd Bank, saw a steep decline due to its high exposure to microfinance loans and rising slippages. Investors are now watching closely as the bank works to clean up its balance sheet.

Asian Paints | -33% YTD

India’s largest paint maker faced weak demand, rising competition, and pressure on margins. The entry of new players like JSW and the Birla Group compounded its woes, leading to a significant dip in its stock price.

Nestle India | -18% YTD

Nestle faced backlash over high sugar content in its products, along with rising commodity costs and sluggish urban demand. These challenges eroded investor confidence, causing its stock to underperform.

Tata Consumer Products | -15.47% YTD

Erratic weather, inflation, and production challenges impacted Tata Consumer Products’ tea and salt businesses. Despite price hikes, the company struggled, leading to a decline in its stock performance.

Adani Enterprises | -15.44% YTD

Adani Enterprises had a tough year, grappling with regulatory scrutiny, bribery allegations, and governance concerns. These factors, along with ongoing fallout from the Hindenburg Research report, weighed heavily on its stock price.



Conclusion

The Nifty’s journey in 2024 reflects the broader story of resilience and challenges in the Indian economy. While some companies leveraged innovation and market opportunities to emerge as top performers, others struggled under the weight of external pressures and operational challenges.

Investors are now gearing up for 2025, with hopes of a more stable market environment and new opportunities on the horizon. Keep these insights handy as you chart your investment strategy for the year ahead!

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