Hi! Today is new year's eve.
In today's video, we have brought the top 10 companies that earned the highest profits from October 2019 -2020 in the (listed) share market.
In this video, we will also tell you the return delivered by these companies to their shareholders from 1 January 2020 to 31 December 2020.
For net profit calculation, we have used Trailing Twelve Month numbers.
If you are a new investor in the share market and want to be updated about the related updates then subscribe to our channel.
Let's start today's countdown.
On number 10 is one of India's leading IT companies- HCL Technologies. It generated a profit of 12,190 cr and gave a 64.47% return to its shareholders.
On number 9 is the world's largest coal-producing company- Coal India.
This year Coal India made a 13,589.54 cr net profit. In terms of returns, it gave a negative 36% return.
But it was the highest dividend-paying company (Nifty50) this year.
After generating a profit of 13,711.23 cr ITC comes 8 in our countdown. Indian tobacco corporation has diversified in businesses except for cigarettes.
Still, in 2020 it gave a -11.23% return to its shareholders.
Bharat's leading private bank- ICICI bank is on 7th number in our countdown. It generated a profit of 13,921.43 cr.
But its returns remained flat at -1.49%. On number 6 is HDFC Limited.
This financial services company generated a net profit of 16,163.86 cr and gave 3.46% returns.
During Covid-19 when share prices fell drastically, this stock did a great recovery.
On number 5 is Infosys that generated a profit of 17,856 cr and gave a 69.21% return.
Due to the Covid-19 impact, IT stocks gave remarkable returns.
As you can see that Infosys and HCL technologies gave great profits along with virtuous returns.
State Bank of India is on number 4 in our countdown. It generated a 23,464.28 cr net profit.
Covid 19 had a negative impact on banking stocks especially PSU banking stocks. As a consequence of this SBI gave a -17.21% return.
On number 3 is HDFC Bank. This gave 29,569.97cr of net profit.
As I told you that banking stocks faced the highest covid 19's negative impact. But still, HDFC bank gave a 12.04% return in 2020.
The most profitable company of Tata group- TCS is number in our countdown. It earned a net profit of 30,650 cr and gave a return of 34.22% to its investors.
By now you might have understood the company which is number 1. It is Reliance Industries.
It generated a net profit of 40,788 cr this year. Not just net profit but as per market capitalization also it is India's largest company.
In 2020, it gave a brilliant return of 33.44% to its investors.
Before ending the video, let me tell you the last thing. This video is for educational purposes.
This is not a buying recommendation/advice. Tell us the company where you invested (out of the discussed 10) in the comments.
For more such updates subscribe to Groww's channel. Happy new year 2021! Bye