Varanasi Stock：Bajaj Auto, Tata Motors and Coal India among top five Index performers in FY24

Financial markets wrapped up FY24 on a strong note with the domestic equity indices Nifty 50 and Sensex achieving their most robust performance in three fiscal years.Varanasi Stock

The 30-share Sensex surged by 24.85% over the last 12 months, while the Nifty 50 demonstrated an impressive gain of nearly 29%, showcasing a blend of volatility and resilient recoveries. Investors experienced substantial returns during this period, with the indices accumulating approximately 27-31% return on investment between April 2023 and March 2024.Chennai Stock

The Bajaj Group firm emerged as the top-performing large cap on the Nifty 50 in FY24, delivering an exceptional return of 142.52% on investments made over the past 12 monthsJaipur Stock. The major also witnessed significant market cap growth, soaring up to 120% to reach Rs 2,54,000 crore as of April 1, 2024.

Securing the second spot, the Tata Group’s auto major boasted a hefty return of 136.67% on investments generated over the last 12 monthsJaipur Wealth Management. Notably, the company’s luxury arm, Jaguar and Land Rover, along with its expansion in the electric vehicle () segment, were major growth drivers, propelling the market cap by 139.60% in FY24.

The world’s largest state-owned coal producer emerged as Nifty 50’s third best-performing large cap of FY24, delivering a return of 118.73% on investments made over the past year. The surge was attributed to the country’s escalating power demand and increasing electrification initiatives.Agra Investment

Despite facing challenges following Hindenburg’s report in early 2023, the ’s flagship port company staged a remarkable comeback to emerge as Nifty 50’s fourth best-performing large cap of FY24, with a return of 113.76% on investments made over the last 12 months. The resurgence was fueled by burgeoning opportunities in the port sector.

Guoabong Wealth Management