India: Monthly Stock Market Performance Insight - January 2024

Monthly Gainers
3,032
Monthly Losers
1,236
Average Return
14.06%
Total Stocks
4,519
View Detailed Market Cap Breakdown
Market Cap Monthly Gainers Monthly Losers Average Return Total Stocks
Large Cap 212 111 6.02% 324
Mid Cap 277 111 9.06% 389
Small Cap 1,256 483 11.81% 1,778

Monthly Streak Leaders for January 2024

Stock Streak Streak Return
14 months โ†‘ 288.78%

Kaynes Technology is on fire with an unstoppable a 14-month winning streak (728.25 โ†’ 2,831.30), delivering 288.8% gains. Financial performance remains steady with 9.8B revenue yielding 1.2B profit (Qtr ending Mar 2025). The 11.8% margin suggests room for growth as operations scale.

11 months โ†‘ 334.90%

Rec dominates the market with an impressive a 11-month winning streak (114.75 โ†’ 499.05), delivering 334.9% gains. With 63.6B revenue generating only 43.1B profit (67.8% margin) in Qtr ending Mar 2025, the market prices in future margin expansion potential.

3 months โ†“ -7.26%

Linde India pulls back after a 3-month decline (6,030.00 โ†’ 5,592.30), down 7.3%. Weak margins on 5.9B revenue with only 1.2B profit (20.0% margin) in Qtr ending Mar 2025 validate market skepticism. Structural improvements needed before sentiment shifts.

2 months โ†“ -20.03%

Metro Brands consolidates with a 2-month decline (1,371.00 โ†’ 1,096.40), down 20.0%. However, fundamentals remain robust: 6.4B revenue generating 953.4M profit (14.8% margin) as of Qtr ending Mar 2025 suggests this could be a temporary setback. Value hunters take note.

15 months โ†‘ 390.08%

Newgen Software continues its remarkable run with a 15-month winning streak (173.40 โ†’ 849.80), delivering 390.1% gains. The financials tell a compelling story: 4.3B revenue generating 1.1B net profit (25.2% margin) demonstrates exceptional profit margins as of Qtr ending Mar 2025.

11 months โ†‘ 279.56%

Chennai Petroleum continues its remarkable run with a 11-month winning streak (225.00 โ†’ 854.00), delivering 279.6% gains. With 172.5B revenue generating only 4.7B profit (2.7% margin) in Qtr ending Mar 2025, the market prices in future margin expansion potential.

5 months โ†“ -28.79%

Jindal Worldwide sees continued selling pressure through a 5-month decline (78.35 โ†’ 55.79), down 28.8%. Weak margins on 6.1B revenue with only 220.2M profit (3.6% margin) in Qtr ending Mar 2025 validate market skepticism. Structural improvements needed before sentiment shifts.

5 months โ†“ -19.35%

V.I.P. Industries sees continued selling pressure through a 5-month decline (667.90 โ†’ 538.65), down 19.4%. Financial struggles compound the decline: despite 4.9B revenue, - 273.6M losses persist (-5.5% margin) as of Qtr ending Mar 2025. Until profitability improves, caution remains warranted.

14 months โ†‘ 6,403.11%

Jhaveri Credits continues its remarkable run with a 14-month winning streak (6.44 โ†’ 418.80), delivering 6,403.1% gains. Despite 50.3M in revenue and - 9.8M loss (-19.5% margin) as of Qtr ending Mar 2025, the market sees potential beyond current profitability. This momentum suggests confidence in future execution.

11 months โ†‘ 523.61%

Bhudevi Infra continues its remarkable run with a 11-month winning streak (4.15 โ†’ 25.88), delivering 523.6% gains. Despite 5.9M in revenue and - 1.1M loss (-19.1% margin) as of Qtr ending Mar 2025, the market sees potential beyond current profitability. This momentum suggests confidence in future execution.

7 months โ†“ -73.66%

Raj Rayon Industries encounters challenges with a 7-month decline (69.85 โ†’ 18.40), down 73.7%. Weak margins on 2.1B revenue with only 134.4M profit (6.5% margin) in Qtr ending Mar 2025 validate market skepticism. Structural improvements needed before sentiment shifts.

6 months โ†“ -33.43%

Medicamen Biotech sees continued selling pressure through a 6-month decline (811.15 โ†’ 539.95), down 33.4%. Weak margins on 296.1M revenue with only 18.6M profit (6.3% margin) in Qtr ending Mar 2025 validate market skepticism. Structural improvements needed before sentiment shifts.

India Market Monthly Gainers & Losers: January 2024

Top India Stock Gainers (January 2024)

Stock Month Open Month Close Monthly Change Avg Daily Volume Month Volume
โ‚น103.35 โ‚น181.80 76.85% 62.3M 1.4B
โ‚น100.00 โ‚น175.15 76.30% 162.0M 3.6B
โ‚น181.90 โ‚น308.25 69.79% 49.5M 1.1B
โ‚น41.55 โ‚น66.10 59.09% 55.9M 1.2B
โ‚น54.63 โ‚น86.30 58.73% 96.0M 2.1B
โ‚น29.30 โ‚น61.05 109.43% 51.8M 1.1B
โ‚น420.00 โ‚น737.70 77.10% 512.6K 11.3M
โ‚น21.50 โ‚น35.10 63.26% 111.7M 2.5B
โ‚น78.90 โ‚น122.52 62.24% 232.0K 5.1M
โ‚น28.50 โ‚น45.70 59.79% 66.9M 1.5B
โ‚น222.70 โ‚น608.75 183.27% 0 0
โ‚น7.00 โ‚น16.35 144.03% 12.6M 277.1M
โ‚น85.05 โ‚น194.82 140.52% 0 0
โ‚น8.07 โ‚น18.25 135.48% 200.2K 4.4M
โ‚น14.90 โ‚น34.45 134.35% 39.0M 857.0M

Biggest India Stock Losers (January 2024)

Stock Month Open Month Close Monthly Change Avg Daily Volume Month Volume
โ‚น310.21 โ‚น447.10 -63.97% 2.1M 46.5M
โ‚น5,500.00 โ‚น4,343.15 -20.82% 2.4M 53.2M
โ‚น790.90 โ‚น636.60 -19.15% 3.7M 81.8M
โ‚น237.36 โ‚น193.07 -18.66% 504.6K 11.1M
โ‚น1,251.65 โ‚น1,049.90 -16.12% 358.8K 7.9M
โ‚น151.60 โ‚น152.32 -79.87% 1.7M 37.2M
โ‚น275.10 โ‚น173.10 -36.99% 48.6M 1.1B
โ‚น1,277.45 โ‚น1,003.50 -20.85% 369.4K 8.1M
โ‚น5,406.25 โ‚น4,376.30 -19.05% 45.1K 992.2K
โ‚น1,090.60 โ‚น931.75 -15.00% 228.6K 5.0M
โ‚น360.01 โ‚น37.35 -89.65% 7.5K 165.7K
โ‚น150.00 โ‚น45.10 -69.34% 16.8K 368.7K
โ‚น48.00 โ‚น26.86 -42.61% 1.1M 24.0M
โ‚น27.93 โ‚น16.50 -41.11% 10.9M 239.8M
โ‚น35.20 โ‚น21.50 -38.40% 1.8M 39.7M

Most Active India Stocks During January 2024

Stock Month Open Month Close Monthly Change Avg Daily Volume Monthly Volume
โ‚น16.20 โ‚น14.35 -10.31% 420.6M 9.3B
โ‚น21.50 โ‚น24.10 12.35% 360.8M 7.9B
โ‚น100.00 โ‚น175.15 76.30% 162.0M 3.6B
โ‚น23.50 โ‚น29.80 27.90% 151.6M 3.3B
โ‚น14.00 โ‚น18.55 32.97% 130.4M 2.9B
โ‚น21.50 โ‚น35.10 63.26% 111.7M 2.5B
โ‚น20.27 โ‚น23.58 16.91% 110.5M 2.4B
โ‚น54.63 โ‚น86.30 58.73% 96.0M 2.1B
โ‚น18.40 โ‚น19.85 8.47% 84.0M 1.8B
โ‚น4.77 โ‚น5.52 18.20% 82.1M 1.8B
โ‚น1.30 โ‚น1.85 42.31% 76.2M 1.7B
โ‚น9.10 โ‚น11.00 22.22% 76.1M 1.7B
โ‚น36.70 โ‚น47.60 31.13% 73.9M 1.6B
โ‚น4.95 โ‚น7.15 44.44% 67.6M 1.5B
โ‚น19.00 โ‚น30.15 59.10% 50.1M 1.1B

India Sector Performance During January 2024

Communication Services

106.67%
123 stocks
Top Performers by Market Cap:

Utilities

23.48%
47 stocks
Top Performers by Market Cap:

Real Estate

17.87%
182 stocks
Top Performers by Market Cap:

Financial Services

15.26%
578 stocks
Top Performers by Market Cap:

Energy

14.22%
48 stocks
Top Performers by Market Cap:

Technology

11.97%
276 stocks
Top Performers by Market Cap:

Industrials

11.73%
771 stocks
Top Performers by Market Cap:

Basic Materials

11.04%
600 stocks
Top Performers by Market Cap:

Consumer Cyclical

9.31%
800 stocks
Top Performers by Market Cap:

Consumer Defensive

9.29%
326 stocks
Top Performers by Market Cap:

Healthcare

7.69%
254 stocks
Top Performers by Market Cap:

Data is updated regularly. Monthly performance is calculated based on closing prices.