MNC stocks: Love them or hate them but you cannot ignore them! List of top five performing MNC stocks of 2021
Multi-national corporation (MNC) stocks are quite popular among the investors' group, primarily because they are good dividend payers and also, play defensive when volatility increases.
MNC stocks are also known as golden goose since they are not only known for providing consistent dividends but also, act as a shield especially when volatility raises its ugly head, which can be witnessed currently.
Going ahead, we anticipate volatility to be a part & parcel of the markets as every now and then, it will hit the market shores and test the patience of the market participants. Hence, there is an expectation that MNC stocks might witness a lot of interest.
Nifty MNC index has underperformed Nifty 50 index on a YTD basis; however, only one stock from Nifty MNC index turned multibagger in the year 2021, so far. Furthermore, eight stocks have delivered negative returns for CY 2021.
Hence, we thought that it would be a good idea to check the list of the top five performing stocks from Nifty MNC index of the year 2021. So, here is the list:
Name of the stock
|
Gain in per cent
|
VEDL
|
112.92
|
MPHASIS
|
96.3
|
ABB
|
68.92
|
CUMMINSIND
|
61.87
|
MCDOWELL-N
|
54.32
|