Adani, Trident, IEX among Some of the Best Performing Stocks of 2021

31 December 2021
3 mins read
Adani, Trident, IEX among Some of the Best Performing Stocks of 2021

The last few weeks of the year haven’t been quite smooth for the equity markets across the world, including India. However, Sensex has delivered over 20% gains in 2021, which is higher than any of its Asian peers.

Notably, some stocks have outperformed this year, offering returns as high as 400%. Want to know about the top-performing Indian stocks of 2021?

Check out the following sections.

Previously known as Magma Fincorp, Poonawalla Fincorp is an NBFC owned by Adar Poonawalla. The CEO of Serum Institute of India has acquired controlling stakes in this company lately. Shares of Poonawalla Fincorp registered a massive jump of 431% in 2021, along with a solid 151% jump in consolidated net profit in the September quarter.

Interestingly, an investment of Rs. 10,000 in this stock in January 2021 would now be Rs. 48,000.

Trident Group is one of the leading players in the Indian textile space. This Ludhiana-based organization is involved with paper and textiles. While the stock provided huge returns of 395%, the consolidated net profit for the September quarter stood at Rs. 234 crores.

The government’s approval of a PLI scheme for the textile sector which is worth Rs. 10,683 crores have further boosted this stock. An investment of Rs. 10,000 in Trident in January 2021 would now amount to Rs. 50,000.

Although Adani Enterprises has witnessed a significant slump in profitability by around 50% this year, the stock has continued an upward movement. Adani Enterprise stock jumped 248% this year even as the consolidated profit of the company dropped by 55.3%.

Experts believe this stock is driven by speculations instead of fundamentals.

Previously known as Angel Broking, Angel One is one of the largest brokerage firms in the country. This technology-driven company offers advisory and broking advice along with loans against shares, distribution of financial products to clients, and more.

The client base of Angel One jumped over 146% and touched 7.32 million in November 2021 as more young people get involved in trading. Shares surged 253% while consolidated net profit reached over Rs. 134 crores in 2021.

Indian Energy Exchange is India’s energy trading platform for renewable power and physical delivery of energy. The substantial increase in demand for electricity with the reopening of economic activities has helped the company to post higher profits and earnings. IEX stock has climbed 243% in 2021.

Bottom Line

In addition to these, there are also a few other stocks that have done quite well this year. They include KPIT Technologies, Balaji Amines, Happiest Minds, Gujarat Fluorochemicals and more.

To stay updated with the stock market, check out the Angel One blogs.

Frequently Asked Questions

  1. What is the consolidated profit of Gujarat Fluorochemicals for the September quarter of 2021?

The consolidated profit of Gujarat Fluorochemicals for the 2021 September quarter jumped 162% to reach Rs. 207.15 crores.

  1. How much did Balaji Amines stock deliver in 2021?

Balaji Amines is a multi-bagger stock that has posted 239% returns in 2021.

  1. What is the consolidated profit of Adani Enterprises for the September quarter of 2021?

The consolidated profit for the said period stands at Rs. 194.54 crores.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.