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Amid subdued benchmarks, these five NIFTY50 constituents have dazzled in past 12 months
4 min read | Updated on September 16, 2025, 14:57 IST
SUMMARY
NIFTY50 and SENSEX have posted muted performance in 2025, underperforming the global benchmark indices by a wide margin. Key indices of the US, Hong Kong, the Euro area, and Korea have rallied up to 50% in one year. However, key stocks like BEL, Eicher Motors, M&M, Maruti, and Bajaj Finance outperformed NIFTY50 by huge margin.
As many as 24 stocks advanced in the early session on the NIFTY50 index, while 26 declined.
As Indian markets grapple with internal and external headwinds, investors in a few large-cap stocks are rejoicing in strong returns posted last year. Indian benchmark indices are the only indices among major global economies that have performed negatively over the period of last year. The high underperformance is driven by weak quarterly earnings, tariff threats and a structural demand slowdown in the economy.
At the index level, NIFTY50 is trading flat-to-negative with -0.8% returns since the same day last year and 4% lower from the previous record high levels touched in September last year. However, a few stocks from the index have bucked the larger trend of underperformance and outperformed the NIFTY50 by a huge margin.
Eicher Motors
Shares of Eicher Motors, one of India’s leading two-wheeler manufacturers, rallied 40% over the period of last year. The shares currently trade at ₹6,863 apiece on the NSE, up from the previous year's same-day price of ₹4,829 apiece. In the latest quarter, the company’s revenue jumped 14% YoY and net profit at 9% YoY. Over the long-term period of three years, the company’s sales have grown at a 22% CAGR and net profit at 41% CAGR. The company continues to hold dominance in the middle-weight segment, with a market share of 87%.
Bharat Electronics Ltd
Shares of Bharat Electronics, one of the leading defence manufacturers, rallied 38% in the last year, outperforming the benchmark NIFTY50, which posted flat-to-negative growth in the same period. The company’s orderbook stood at ₹74,859 crore as of Q1FY26, with strong order inflow potential of ₹26,000 crore in the remaining FY26. The shares rallied from ₹288 apiece in September 2024 to ₹400 apiece on the NSE on Tuesday. The company’s sales have grown at 16% CAGR and net profit at 30% CAGR over a period of three years.
Bajaj Finance
Bajaj Finance share price soared 37% in the period of last year, outperforming the benchmark index. The shares have maintained strong profit growth at a 33% CAGR over a period of three years. The company currently boasts an AUM of ₹4.4 lakh crore as of Q1FY26, growing at 25% YoY. The shares have rallied from ₹731 apiece to ₹1,004 apiece on the NSE in the period of one year.
Mahindra & Mahindra
Shares of the leading automobile giant, Mahindra & Mahindra, rallied nearly 30% in the period of last year, outperforming its closest peers like Hyundai, Tata Motors and Maruti Suzuki. The company’s shares rallied from ₹2,725 apiece to ₹3,577 apiece on the NSE. The shares traded a little lower than their recent record high levels of ₹3,723 apiece. The company’s shares have grown at a 41% CAGR over the period of three years, while net profit grew at a 27% CAGR in the same period.
Maruti Suzuki
Shares of India’s largest car manufacturer have followed the trend with 25% returns over the period of one year. The shares are currently trading ₹15,404 apiece on the NSE, up from ₹12,100 on the NSE. In the latest quarter, the company’s sales grew by 8% YoY to ₹38,605 crore. While net profit remained flat at ₹3,792 crore in Q1FY26. Over the period of three years, the company’s sales, net profit have grown at 20% and 72% CAGR.
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