11 stocks that gave double-digit returns for 4 straight years
The year 2018 proved to be a tough one for Indian equities with the Sensex clocking minor gains of 6 percent as against 28 percent in 2017. The BSE 500 too posted 3 percent negative return versus a gain of 36 percent in 2017.
An analysis of the performance of BSE 500 companies between 2015 and 2018 suggests calendar 2018 was the worst. During the year, 76 percent of BSE 500 stocks closed with negative returns. However, in the three years preceding 2018 (2015, 2016, and 2017), at least 55 percent stocks managed to give positive returns. Interestingly, 11 stocks were able to post at least double-digit returns in each of the last four calendar years, that include the likes of Aarti Industries, Bajaj Finance, Biocon and HDFC Bank, among others. Markets are now awaiting views from Federal Reserve Chairman Jerome Powell on the US economic outlook and hints about interest rates in 2019. According to media reports, there are expectations that a three-year rate-hiking cycle in the United States has come to a close. This may benefit the non-yielding bullion. Oil prices edged up, shaking off previous losses after China said it would hold talks with the US government on January 7-8 to look for solutions to the trade disputes between the world's two biggest economies. The Sensex is up 66.23 points or 0.19% at 35579.94, and the Nifty up 20.20 points or 0.19% at 10692.50. About 1040 shares advanced, 1065 shares declined, and 118 shares are unchanged.
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