Bajaj Fin, Asian Paints, Adani among consistent performers

Mumbai: The stock market rarely moves in a unidirectional manner in the long run making it challenging for investors to predict returns. But there are a handful of stocks that have moved up consistently in the past five years. Out of the 3,500-plus stocks actively traded on Indian bourses, only 23 gave at least 15% returns in each of the past five calendar years. On a compounded basis in the past five years, these stocks have returned at least 30%.

These include Bajaj Finance, Asian Paints, Avenue Supermarts, Adani Enterprises and Jubilant FoodWorks among others. ET analyses the returns of companies with a market-cap of at least ₹5,000 crore.

The consistent performance has, however, meant that valuations of most of these companies are rich. But that did not stop many of these stocks from advancing in 2021. For instance, shares of DMart’s parent Avenue Supermarts, which has traded above a Price to Earnings (PE) ratio of 100 on most occasions since listing, ran up 67% in 2021. Similarly, Asian Paints and Pidilite Industries, which have been among the favourites of growth-oriented investors, are trading at PE ratios of over 100 times. Their stocks rose 22% and 39%, respectively, in 2021. Many of these stocks have been shunned by a section of the market because of their sharp valuations.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Stanley Quencher ProTour Flip Straw Tumbler with Leakproof Lid 30 oz | Built-In Straw & Handle | Cupholder Compatible for Travel | Insulated Stainless Steel Cup | BPA-Free | Rose Quartz Solid

(1)

$35.00 (as of December 11, 2024 19:02 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Hearth and Homestead: Handmade "Blue Outback" Australian Whipped Tallow Balm with Emu, Jojoba, Sandalwood, and Blue Cypress…

(4074)

$29.99 (as of December 11, 2024 19:08 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

LED Marquee Letter Lights Sign, Light Up Letters for Home Party Wedding Birthday Decoration, Lighted Alphabet Letter A

(as of December 11, 2024 19:02 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Personalized Toiletry Bag for Men, Engraved Name Initials Toiletry Bag, Customized Monogram Travel Shaving Dopp Kit for Groomsmen, Gift for Christmas, Birthday, Dad, Husband, Grandpa, Lover

(958)

$22.99 (as of December 11, 2024 19:30 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Apple AirPods 4 Wireless Earbuds, Bluetooth Headphones, Personalized Spatial Audio, Sweat and Water Resistant, USB-C Charging Case, H2 Chip, Up to 30 Hours of Battery Life, Effortless Setup for iPhone

(985)

$119.00 (as of December 11, 2024 19:30 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)