Anand Rawani, ET Bureau
Call them firecrackers. Diwali related stocks — paints, wood and consumer durables — outperformed all BSE Sensex, BSE Mid Cap and Small Cap indices during this year, thanks to strong domestic consumption.
According to a SundayET analysis of all stocks from industries such as paints, wood and consumer durables gave year-to-date return of 106%, whereas, the Sensex and BSE Mid-Cap Index appreciated by around 70% and 91%, respectively, during the same period. Also, these Diwali related stocks outperformed the BSE Small-Cap Index with significant margins. BSE Small-Cap Index went up by around 95%.
As far as individual companies are concerned, among consumer durables, Whirlpool of India and Gandhimathi Appliances, a key player in the stainless steel appliances segment, posted a return of 298% and 237%, respectively, during the period.
Click next to view these top ten stocks.
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For More details: Top 10 Diwali Stocks (Src: EconomicTimes.com)