Up to 458% returns in FY24 so far, 7 capital goods stocks now trading at discount from 52-wk top
The returns by S&P BSE Capital Goods index in FY24 so far have been 64% versus 23% by S&P BSE Sensex.
Smallcap counter Transformers & Rectifiers (India) tops the charts with 458% returns in FY24 so far. It was trading at a discount of 19% from its 52 week high. Incorporated in 1994, Transformers & Rectifiers manufactures a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. Ace investor Madhuri Madhusudhan Kela has 3.91% stake in the counter. In the current quarter the stock has gained 38% while its highest returns have come in the June 2023 quarter where the stock has appreciated by 73%.
The others are Shilchar Technologies (381%), Advait Infratech (330%), HPL Electric & Power (244%), Bharat Heavy Electricals (BHEL, 221%), Sanghvi Movers (188%) and Action Construction Equipment (166%).
For Shilchar Technologies, returns in Q4FY24 so far have been 43.45% while highest returns came in the September quarter at 67.13%.
Advait has delivered 101% returns so far in this quarter which is also its highest in the last four quarters.
HPL Electric's highest returns in the last four quarters were in the September quarter at 63.96% while in the current three-month period so far, the returns have been to the tune of 16%.
State-run BHEL has given 16% returns in this quarter but its highest returns in FY24 was 49.33% in the September quarter.
Sanghvi Movers Q4FY24 returns so far have been 23% while maximum returns of 41.41% were accounted for in the
