In a flat market, 191 stocks returned over 100% in FY23
Financial Express Mumbai|April 05, 2023
THE BENCHMARK INDICES have closed flat during FY23, but a total of 191 stocks from the broader market returned over 100% to investors. Of the lot, 45 were penny stocks (of value below 10), while 14 were of firms that command a market capitalisation of over ₹5,000 crore.
SIDDHANT MISHRA KISHOR
In a flat market, 191 stocks returned over 100% in FY23

The 14 stocks comprised one fast-moving consumer goods (FMCG) firm, two banks, three capital goods companies and six from infra-related sectors such as construction, steel, shipbuilding and castings/forgings. Two others were from varied sectors.

Apar Industries led the pack, delivering a whopping 285% return to investors. The stock, which stood at 650.40 at the end of March 2022, closed FY23 at ₹2,503.35. The company's market cap surged from close to ₹2,500 crore at the end of FY22 to over ₹9,500 crore. As of December 2022, the company had registered a revenue of ₹3,627.23 crore and a net profit of ₹157.86 crore, according to BSE data.

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