Big stock movers of past year have brought fat returns

livemint.com:

₹10 lakh at IRFC's lowest price each day and sold at the highest price (or short-sold at the highest price and bought back at the lowest), they could have made ₹1.17 crore in a year. Even capturing 20% of these gains would yield an annual return of over 200%. Intra-day movement is calculated as the difference between the daily high and low prices, divided by the low price.

The annual average is the simple average of these daily movements over the period. This differs from volatility, which involves more complex calculations. As per the analysis, after IRFC, shares of Adani Power and Adani Energy Solutions had the most significant movements, at 4.2% and 4.1%, respectively.

Adani group companies dominated the list, comprising three of the top five and five of the top ten companies. These stocks often moved more than 10%, with peaks up to 23% on some days. For instance, IRFC saw movements exceeding 10% in 21 sessions during the year, while Adani Enterprises did so in 20 sessions.

In total, 62 sessions, or nearly one in four, had at least one stock moving more than 10%, offering substantial opportunities for risk-takers. Interestingly, companies in the energy sector, including renewables, and non-bank finance companies (NBFCs), made up seven of the ten stocks with the highest intra-day movements. This marks a significant shift from earlier boom periods when real estate companies showed the most volatility.