Bajaj Auto, Tata Motors and Coal India among top five Index performers in FY24.

Banking & Finance

Financial markets wrapped up FY24 on a strong note with the domestic equity indices Nifty 50 and Sensex achieving their most robust performance in 3 fiscal years. 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 months. The auto major also witnessed significant market cap growth, soaring up to 120% to reach Rs2,54,000 crore as of 1st April 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 months. Notably, the company’s luxury arm, Jaguar and Land Rover, along with its expansion in the electric vehicle (EV) 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.


     

     

     

 

     


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