Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Nifty 500 index FY25 review: FY25 proved to be a challenging year for investors, with muted gains amid a backdrop of geopolitical and economic uncertainties, compounded by record-breaking selling by Foreign Institutional Investors (FIIs).

 

After a period of being net buyers in the first half of the fiscal year 2025, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities. This also marked the highest level of selling post Covid-19.

 

Alongside this, weaker-than-expected corporate earnings in Q3 of FY25, concerns over lofty valuations, and the looming uncertainty around potential tariff policies under a second-term US President, Donald Trump, added to the market's struggles.

 

Global tensions, particularly ongoing conflicts in Russia, Ukraine, and the Middle East, further intensified market volatility, leaving investors uncertain and on edge.  Read: Stock Market LIVE Updates

 

In the broader market, the Nifty 500 Index posted a modest gain of 5.7 per cent for FY25, while the Nifty 50 Index mirrored this performance, also seeing a 5.7 per cent increase, Bloomberg data showed. Despite the gains, the year was defined by caution and volatility, reflecting the tough conditions faced by investors throughout the fiscal year.

 

However, within this broader spectrum, there have been notable outliers—both in terms of wealth creation and destruction.  

As of March 27, 2025	Close	Change in FY25 (%)
NSE Nifty 50 Index	23592	5.7
NSE Nifty 500 Index	21408	5.7
Top Gainers
Mazagon Dock Shipbuilders	2695.4	189.2
Deepak Fertilisers & Petrochem	1140.8	126.3
Garden Reach Shipbuilders	1695.9	121.8
Lloyds Metals & Energy	1288.2	114
Godfrey Phillips India	6465	109.3
PTC Industries	14940.3	103.7
Aegis Logistics	902.6	102.1
One 97 Communications	810.1	101.2
Amber Enterprises India	7131.3	95
GE Vernova T&D India	1606.9	89.4
Top Losers
Sun Pharma Advanced Research	150.7	59.1
IndusInd Bank	673.6	56.6
Sterling and Wilson Renewable	251.2	52
Sonata Software	356.4	50.7
Network18 Media & Investments	45	47.8
Vodafone Idea	6.9	47.8
Adani Green Energy	959.9	47.7
Birlasoft	395.9	46.6
Mahindra Lifespace Developers	315.6	46.2
VIP Industries	286.2	45.5

  Source: Bloomberg

  On the wealth creation front, Mazagon Dock Shipbuilders Ltd emerged as the standout performer, surging by an impressive 189.2 per cent, followed by Deepak Fertilisers & Petrochemicals, which saw a robust increase of 126.3 per cent. Companies like Garden Reach Shipbuilders, Lloyds Metals & Energy, and Godfrey Phillips India also contributed majorly, posting gains over 100 per cent.

 

Conversely, the wealth destroyers were led by Sun Pharma Advanced Research, which saw a sharp decline of 59.1 per cent. Other top losers included IndusInd Bank (56.6 per cent), Sterling and Wilson Renewable (52 per cent), and Sonata Software (50.7 per cent). With declines as steep as 47 per cent in some cases like Adani Green, Vodafone Idea, these stocks have been key drags on the overall performance of the index.