Share Markets: 2024 has been an exciting and volatile year for the Indian stock market. In the first half of this year we saw record-breaking growth. Sensex and Nifty made their new all-time high in September. But the decline that started in the market after this is still continuing. Due to events like Lok Sabha elections, fluctuations in Japan’s yen carry trade, China’s incentive package and Donald Trump’s return to the White House, the market trend now seems to have changed. However, even in this changed environment, there were some stocks which gave excellent returns to the investors. Let us know which 5 Nifty stocks have given the highest returns to their investors in 2024-
1. Trent
This Tata Group company has given a multibagger return of 132 percent to its investors in 2024. This is the second consecutive year when the share price has increased by more than 100 percent. Since 2014, this stock has given positive returns to its investors every year. Market experts say that the financial performance of this company is quite strong. It has expanded aggressively during 2024. Besides, it has expanded its Star Bazaar and Judeo business at a rapid pace. Its effect was visible in the shares of the company. Besides, the company’s efforts to promote its presence in digital channels also won the trust of investors. This company joined Nifty in September this year, which shows its strong position.
2. Mahindra & Mahindra (M&M)
This stock made a tremendous comeback in 2024. It has given a strong return of 76 percent to its investors. This is the best year for the company since 2009. The company made a great entry in the Electric Vehicles segment (EVs) this year. Also, its market share in the SUV segment has increased, the effect of which is visible on the company’s shares. Apart from this, the launch of its “Thar Rocks” has received good response from the customers. M&M has also unveiled its electric SUV lineup with the BE 6e and XEV 9e, which shows the company’s preparedness for the future.
3. Bharat Electronics
This public sector defense company has given a strong return of 58 percent to its investors in 2024. Due to increase in government expenditure on defense sector and receipt of big orders, the company saw a significant rise in its shares this year. This stock has also been included in the Nifty index in September this year. Good growth was seen in both its revenue and margin during the September quarter.
4. Bharti Airtel
2024 proved to be a great year for Bharti Airtel. This year it has given a very good return of 54 percent. This is its best performance since 2017. Since 2019, this stock is continuously giving positive returns every year. The company added new subscribers in 2024 despite legal challenges and tough competition. Also assured investors that it is capable of delivering continuous growth.
5. Sun Pharma
This stock gave a return of 47 percent in 2024, which is much more than its rival companies like Dr. Reddy and Cipla. Sun Pharma performed well due to its strong hold in the high-margin specialty segment. Its profit growth in the last 5 years is 23.6 percent. After the ban on the Mohali plant is lifted, the company’s sales in the American market are expected to become normal, which may further strengthen its growth in the future.
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