The fiscal year 2013-14 started on a remarkable note with the benchmark Nifty hitting a two year high and giving opportunity for growth to many. The investments in the stock market have created annualized returns of 19% in the last 10 years and have beaten all other investment options. Here are few stocks which are performing exceptionally well in 2013-14.
List of Best Performing Stocks in 2013-14
ICICI Bank, the largest private sector bank in terms of asset base has been quite a consistent good performer for the last 5-6 years and this fiscal too did exemplarily well. It has consistently traded at or above Rs. 1100 and was surely on the best stocks to buy for long term investment.
Tata Consultancy Services (TCS)
One of the largest and oldest IT Company in India, TCS has 1000+ active clients and more than 2.4 lakh of employees. Throughout the fiscal, TCS has traded above Rs 1250 and has outperformed its competitors like Infosys and Wipro in terms of growth and popularity.
State Bank of India (SBI)
The revenue growth for SBI during 2013-14 has been above 14-15% and has been the most consistent performer for more than a decade with its large customer base. During this fiscal, it has traded above 2,300 and has been a secure and good choice for people looking to buy stocks in baking sector.
Being second largest IT Company in India, Infosys has been trading above Rs. 2290 for the last fiscal. Its revenue and profits have shown significant growth and has been a preferred choice for investors looking for long term investments.
Last but not the list, ITC has been quite a good performing stock during 2013-14 among FMCG sector and has performed well in the bear market. Above is the best Performing Stocks in 2013-14 that we can judge off but it depends on an individual rating and the way of analysing the data. Volatility and uncertainties are the essence of stock market and we look ahead to good future during current fiscal 2014-15.