SALMAN stocks deliver a return of over 22% in 2024, beating HRITHIK and BHARATH; check details

Do you know how SALMAN, HRITHIK and BHARATH performed in the stock markets this year? We are not talking about the performance of Bollywood stars and their movies, but groups of companies known by their stock acronyms on Dalal Street.

Similar to the US stock market, which has a popular stock group, FAANG, Indian investors have coined quirky acronyms for their favourite stocks.

The FAANG group of shares in the US market refers to the stocks of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet Inc).

Who doesn't love catchy and quirky acronyms? Investors in stock markets are no different.

As you are well aware of the quirky acronyms of these stocks, let’s take a look at their performance in 2024 so far.

SALMAN stocks have given a power-packed performance in 2024 so far beating HRITHIK and BHARATH shares.

An analysis of year-to-date returns of SALMAN shares shows that these shares have given returns of up to 44%. L&T with a return of 3% so far in 2024 was the lowest-performing stock among the group of stocks, while Adani Ports topped the group with returns of 44%. Compared to the other two groups of stocks, SALMAN stock managed to give an average return of around 22.5% this year.

SALMAN stocks: Returns in 2024 so far

BHARATH stocks: Returns in 2024 so far

BHARATH stocks gave a modest return with an average return of 13.6% in 2024 so far. Adani Ports and Reliance Industries top the chart with returns of 44% and 23% respectively. Asian Paints, HUL and HDFC Life have given negative returns so far this year.

HRITHIK stocks: Returns in 2024 so far

HRITHIK stocks gave the lowest return among the peer group, with an average return of 7.0% so far this year. Reliance Industries and ICICI Bank were top-performing stocks in terms of return, while ITC, HDFC Bank, and Kotak Mahindra Bank have given negative returns.