Stocks that performed well in 2020 in India
The year 2020 has been a roller coaster year in ever context including the stock markets is coming to an end.
The year 2020 has been a roller coaster year in ever context including the stock markets is coming to an end. The indices saw the huge downside at the start of the year and are ending with touching the lifetime highs. The year 2020 has seen all of it; Expansion, Recession, Recovery, Boom in such a short span. The stock market rally began in the third week of March 2020, therefore, the best-performing stocks can be accessed from April 2020 instead of from January 2020. Here is a look at few of the best-performing stocks of 2020, which generated maximum returns in this period:
Divi's Laboratories Ltd:
Current Market Price is Rs 3766.60. Its 52-week low stood at Rs 1,632.70, while the 52-week high stood at Rs 3,857.70, at BSE.
The company on December 1, 2020, announced the commencement of construction of Divi''s Laboratories Unit-III Facility (the Project) at Kona Forest, Ontimamidi Village, Thondangi Mandal, Near Kakinada, East Godavari District, Andhra Pradesh from December 7, 2020. The Company will be investing about Rs. 1500 crores out of its internal accruals in a phased manner for the implementation of its Unit III facility. The operations are likely to commence within 12 to 18 months for the 1st phase of the Project. All the requisite licenses have been granted by the Government of India and Government of Andhra Pradesh for implementation of the Project.
Larsen & Toubro Infotech Ltd:
Current Market Price is 3590.05. L&T Infotech's stock is among the most expensive stocks in the Information Technology Sector. Its 52-week low stood at 1,207.60 while the 52-week high stood at Rs 3,698 at the BSE.
The company on December 22, 2020, it said that Syncordis S.A., Luxembourg ('Syncordis') and Nielsen + Partner S.A. Luxembourg ('N+P'), step-down subsidiaries of the Company, at their respective general meetings on December 21, 2020, held before the public notary, have approved the merger between N+P ('Absorbed Company') and Syncordis ('Absorbing Company'). Consequently, N+P has ceased to be a step-down subsidiary of the Company with effect from December 21, 2020. Earlier, on December 7, 2020, said that Larsen & Toubro Infotech (LTI) has entered into a strategic partnership with Injazat, the UAE-based leader in digital transformation, to implement its new best-shore service delivery model that is set to redefine a new era in regional digital leadership. Besides, LTI on December 1, 2020, partnered with Temenos, the banking software company to launch Digital Banking Platform, powered by Temenos technology. The platform will modernize legacy core banking systems in the Nordic region, enabling financial institutions to be more agile and scalable while reducing operating costs. Banks will also be able to leverage the platform to launch new products and services faster.
Adani Green Energy
Current Market Price is 1,032.60. Its 52-week low stood at Rs 112.70, while the 52-week high stands at Rs 1,220.
Adani Green Energy Ltd, a unit of one of India's largest conglomerates, and at the beginning of the year 2020, it set a goal of becoming the world's largest renewable power company by 2025. On the line of the same, the company on November 5, 2020, announced that Adani Solar Energy Jodhpur Two Limited, a step-down subsidiary of Adani Green Energy Limited ("AGEL") has commissioned its 50 MW Solar Power Project as an Independent Power Producer ("IPP") for sale of power to third parties or on the power exchange. With this, 2,850 MW of AGEL's renewable energy projects are operational. AGEL has total 14,195 MW portfolio of renewable capacity in India, out of which 11,345 MW projects are under implementation.
Aurobindo Pharma Ltd.:
Current Market Price is Rs 896.75. Its 52-week low stood at Rs 281.15, while the 52-week high stood at Rs 967.60 at the BSE.
Aurobindo Pharma Limited and COVAXX, a US-based company, on December 24, 2020, entered into an Exclusive License Agreement to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children's Fund (UNICEF) agency. COVAXX is currently conducting a Phase 1 clinical trial for the vaccine candidate.
Current Market Price is Rs 597.70. Its 52-week low stood at Rs 214, while the 52-week high stood at Rs 616.90 at the BSE.
ICRA Limited vide its letter dated December 29, 2020, has upgraded the rating for the Long Term instruments to ICRA AAA (Stable outlook) from ICRA AA+ (Stable outlook) and reaffirmed the rating for the Short Term instruments at ICRA A1+. Besides, Tata Consumer Products may be included in the upcoming semi-annual review for the rebalancing of the Nifty index, said Edelweiss Alternative Research. The stock is likely to take the place of GAIL, the brokerage said.
Affle (India) Ltd:
Current Market Price is Rs 3797.15 Its 52-year low stood at 908.95, while the 52-week high stands at 4068.45 at the BSE.
Affle India on December 3, 2020, said that its Platforms have been accredited by IMDA Singapore and Wins 'Technology Company of the Year' at MMA Smarties along with 21 other Industry Recognitions.