FY25 Roundup: Nifty 50 Stocks That Surprised And Disappointed

Some Nifty 50 stocks defied expectations in the financial year ending March 2025, delivering strong gains despite market volatility, while others fell far short of analysts’ forecasts.

The ongoing financial year was disappointing for Nifty 50 companies compared to the previous financial year, which had seen stronger performance. While a few stocks contributed significantly to the index’s gains, some outperformed analysts’ predictions in April, and others underperformed.

NDTV Profit analysed stocks currently listed on the Nifty 50 and covered by at least 10 analysts tracked by Bloomberg. As of Sept. 27, 40 of the 50 companies in the index delivered returns above analyst estimates when the benchmark index hit a record high. However, after Nifty entered a correction phase, this number dropped to 23.

That came as Indian stocks entered correction zone after the 50-stock index fell more than 10% from its September high, largely due to expensive valuations, sustained foreign portfolio investor selloffs amid geopolitical uncertainties, and tariff concerns following Donald Trump’s re-election. Disappointing quarterly earnings also played a role in the downturn.

Trent was the best-performing Nifty 50 stock, beating Bloomberg analysts’ expectations by 31%. The rally was driven by strong financial results and aggressive expansion of retail outlets, which boosted investor confidence.

Bharat Electronics Ltd. followed, exceeding expectations by 30%, as the Navratna company secured major orders and benefited from increased government defence spending.

Other outperformers included Mahindra & Mahindra Ltd. (28.9%), Bharti Airtel Ltd. (28.2%) and Eicher Motors Ltd. (23.9%).

IndusInd Bank Ltd. was the worst-performing Nifty 50 stock, trading 63% below the 12-month price target set by Bloomberg analysts. The bank’s decline was due to discrepancies in its derivatives portfolio, which impacted its net worth by 2.3%.

Additionally, the Reserve Bank of India granted its CEO only a one-year extension, less than the bank’s request. Its microfinance portfolio also faced significant challenges in 2024, further affecting financial performance.

Tata Motors followed, with its shares 32% below analysts’ projections. The automaker struggled with disappointing quarterly earnings, uncertainties over Trump’s tariff policies on auto and auto components, and rising raw material costs amid Middle East tensions and the Russia-Ukraine crisis.

Asian Paints also underperformed due to subdued demand, which led to weaker financial results.

Other laggards included Hero MotoCorp Ltd. (22.5%), Tata Consumer Products Ltd. (21.7%), and Titan Company Ltd. (19.3%).