Gujarat corporates yield 87% stock returns in FY 2024

With the recent rally in the stock market, Gujarat Inc has enabled its investors to reap rich rewards. Since the beginning of the fiscal year 2023-24, state's corporates' stock prices have gone up by up to 87%.

 Adani Group, Torrent Group, Zydus Lifesciences and Astral Limited, among others, have given higher returns than sensex in the fiscal year so far.

Analysts attribute this to good financial performance and bright future prospects of leading companies.

According to stockbrokers, the Indian equity markets have seen a bullish trend in the current fiscal year.

Nifty delivered an impressive return of around 13% whereas BSE sensex has shown an increase of around 12% since April 1.