Best Performing Stocks in India 2020

Check out the 30 best-performing stocks in India 2020, and the top 10 stocks that can keep performing in 2021.

Top 30 performing stocks of 2020

The year 2020 has been a roller coaster year in every context and the stock market is no exception to that. It appeared as if market cycles that generally occur over 10 years or more, were force-fit into 10 months or so. The year 2020 has seen all of it; Expansion, Recession, Recovery, Boom in such a short span.

Let us have a look at the stocks that contributed to this party. Following is the list of the top 30 stocks that have generated maximum returns in the past 1 year.

During the bull market, all stocks, good and bad, may rise. However, if a company is not fundamentally sound or if it has not grown, the stock will give away all the returns it earned during the liquidity rally.

Which stocks are likely to do well over next year? We believe that stocks of companies that are scaling up a business or enjoying tailwinds in their respective sector will continue to grow and the stock prices will follow the same.

Here are the top 10 stocks that can keep performing in 2021 and are worth exploring

1. Bharat Electronics Ltd. (BEL)

BEL is India’s largest defense electronics equipment manufacturer, with ~60% share in defense electronics. The company is a key beneficiary of the Indian government’s increasing thrust on the replacement and modernization of military hardware in the country. The government’s push to source defense equipment from the home country provides a tailwind for further growth.

Bharat Electronics has an order book to the size of ~52,000 Cr which is ~4x TTM sales. The management has guided for 10–12% CAGR growth and a stable margin bodes well for the company’s future prospects.

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