Murrugappa Group’s Diwali Firecracker Stocks; Zoomed more than 60 per cent
The Murugappa Group companies have delivered a stellar performance from last Diwali to this Diwali, with top three companies listed below generated returns of over 60 per cent.
Since from the last Diwali to this Diwali, the Murrugappa Group companies have showcased a commendable performance in the stock market. Known for its diverse portfolio covering industries like finance, engineering, cycles, and plantations, the group has showed growth across its subsidiaries. The strong performance of Murugappa Group stocks shows that the companies are resilient and adaptable in the face of changing market conditions. Investors have taken notice of these positive trends, making the group a respected player in Indian markets.
The Murugappa Group companies have delivered a stellar performance from last Diwali to this Diwali, with top three companies listed below generated returns of over 60 per cent.
Cholamandalam Financial Holdings is a leading financial services company with a diversified portfolio of businesses, including asset management, investment banking, and consumer finance. The company has achieved compound annual growth rate of 18.6 per cent in profit over the past 5 years.
Wendt India is a leading manufacturer of precision cutting tools and engineering products. The company has benefited from strong demand for its products from a variety of industries, including automotive, aerospace, and machinery. The company, nearly debt-free, has achieved a robust 23.7 per cent CAGR profit growth over the past 5 years and consistently maintains a healthy dividend payout of 45 per cent.
Cholamandalam Investment & Finance Company is a leading non-banking financial company with a diversified portfolio of businesses, including asset management, consumer finance, and investment banking. Company has delivered good profit growth of 23.8 per cent CAGR over last 5 years.
All Murrugappa Group company stocks listed on the Indian stock exchanges BSE and NSE are experiencing positive growth this year, outperforming their initial stock prices in 2023 except one. Following are the Murrugappa Group companies and their returns from last Diwali to this Diwali:
Disclaimer: The article is for informational purposes only and not investment advice.
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