49 of Nifty 50 stocks move into monthly gain bracket

Except for HCL Technologies, all other stocks from the Nifty index have given positive return in the past 30 days

Helped by an uptrend in the stock market over the past few days, as many as 49 of the 50 Nifty stocks have moved into positive territory on monthly basis, led by Reliance Infra, Grasim and L&T on the top.

Except for HCL Technologies, all other stocks from the Nifty index have given positive returns in the past 30 days, the NSE data showed today. HCL Tech is also trading with only a marginal decline of 2.1% for this period.

Since the beginning of 2012 also, Reliance Infra has given the maximum return of 64%, followed by BPCL (55%), Asian Paints (49%), IDFC (48%) and L&T (40%).

Among the top gainers for past 30 days, Anil Ambani-led Reliance Group firm R-Infra is up 29%, followed by Grasim (19.6%), L&T (19.1%), Sterlite Industries (18.8%) and Ambuja Cements (16.9%).

Besides, HDFC Bank, JP Associates, Tata Power and ACC have gained more than 15%, while the rise is of more than 10% for as many as 16 stocks including DLF, ONGC, ICICI Bank, Hero Honda, IDFC, GAIL, PNB, NTPC, BHEL, Sun Pharma, Maruti, Coal India, Siemens, M&M, Tata Steel and Kotak Mahindra Bank.

The benchmark index Nifty has gained 9.1% during this period, but most of the gains has been registered in the past few days only.

The stocks which have underperformed Nifty during this period include SAIL, Wipro, Cairn India, TCS, Ranbaxy and Tata Motors, besides large caps like Infosys, Reliance Industries and SBI.

RIL and SBI have gained about 6%, while Infosys is up about 4.5% for this period.

However, for the past one-year period, a majority of Nifty stocks are still trading in the red. While Nifty has fallen about 6% in the past 365 days, a total of 19 stocks have managed to post gains. The major gainers for this period include Ambuja Cements, ACC, HUL, Sun Pharma and Grasis.

The stocks having fallen the most in this period include BHEL, Sterlite Industries, Hindalco, SAIL and Sesa Goa.