Top stocks outperforming the Sensex

Since October 2021, the Sensex has been declining, however, it does contain stocks that have beaten the index. Here are the top five stocks that outperformed Sensex.

The S&P BSE Sensex has been persistently falling from its high of 62,245, generating lower highs and lower lows. The index is still trading above its 100-Day and 200-Day exponential moving averages (EMA), so we cannot call it a trend reversal. Furthermore, there hasn't been any negative crossover of these moving averages. Even technical indicators, such as the Relative Strength Index (RSI), are indicating weakness as it trades at 46.88, close to its 9-Day EMA of 45.13.  

As a result, on the downside, the levels 56,382.93 – 56,867.51 – 57766.48 act as a critical support level, while on the upside, the levels 59314.18 – 60,005.96 – 60,990.86 act as resistance for the index. Indeed, the market is highly volatile, and the discovery of a new coronavirus strain, combined with high valuations, has put markets under pressure. Although the long-term prospects appear to be favourable, the markets will be volatile in the short term, necessitating a stock-specific approach.  

 
Despite volatility and market downturn, several stocks in the S&P BSE Sensex have outperformed the index. We calculated the returns for the period since the markets' recent decline to measure the performance of stocks over-index.  

 
Top five stocks that outperformed the Sensex are listed below.