Tech Mahindra becomes top Sensex gainer in August, Bajaj Auto top loser
The month of August was one of the best months for the frontline indices as BSE Sensex gained by more than 7 per cent so far. Sensex is sitting on gains of over 3988 points which is the highest points gains in 2021 so far. BSE Sensex gained by 3500 points or 7 per cent in May. IT stocks dominated the market gains in August with Tech Mahindra leading the pack of IT stocks. Tech Mahindra is the top BSE Sensex gainer; up by 17.35 per cent in August so far. TCS is trading with gains of 16.86 per cent and is the second-best Sensex gainer in August.
So far in August we find that 5 BSE Sensex components are trading with losses. Bajaj Auto is the worst BSE Sensex performer; down by 3.07 per cent while NPTC slips by 2.71 per cent, Maruti Suzuki slides by 2.6 per cent, SBI drops by 2.08 per cent and Dr Reddy’s Lab tumbles by 0.73 per cent. BSE Sensex has gained by 7.44 per cent in August so far.
We find that at least 13 stocks that are components of BSE Sensex have outperformed the key benchmark index while 17 BSE Sensex components underperformed the BSE Sensex.
Following BSE Sensex stocks managed to outperform Sensex i.e gained more than 7.44 per cent in August :
|
Sr.No
|
Company Name
|
August Returns (%)
|
|
1
|
Tech Mahindra Ltd.
|
17.35
|
|
2
|
Tata Consultancy Services Ltd.
|
16.86
|
|
3
|
Bajaj Finserv Ltd.
|
16.39
|
|
4
|
Hindustan Unilever Ltd.
|
15.13
|
|
5
|
Bajaj Finance Ltd.
|
15.04
|
|
6
|
HCL Technologies Ltd.
|
13.41
|
|
7
|
Housing Development Finance Corporation Ltd.
|
12.87
|
|
8
|
Nestle India Ltd.
|
11.64
|
|
9
|
Reliance Industries Ltd.
|
11.53
|
|
10
|
Axis Bank Ltd.
|
10.54
|
|
11
|
Bharti Airtel Ltd.
|
10.4
|
|
12
|
HDFC Bank Ltd.
|
9.98
|
|
13
|
Titan Company Ltd.
|
9.52
|