There are only four large Indian companies that have outperformed the Nifty 50 Index consistently over the past two years during rallies and corrections.
When the index surged, HDFC Bank Ltd., Maruti Suzuki India Ltd., Bajaj Holdings Investment Ltd. and Petronet LNG Ltd. beat Nifty the most. That's among companies with a market value of at least Rs 10,000 crore when the index surged. They also fell the least when the benchmark declined.
Nifty 50 corrected twice during the period–in the second half 2016 and the first half of 2018.
HDFC Bank
India's largest private lender has been outperforming on the back of its steady loan growth, increasing focus on retail banking and relatively better asset quality than peers.
Maruti Suzuki
The nation's largest carmaker has beaten most other companies on market share gains and multiple successful launches.
A strong product portfolio and robust after-sales network helped the automaker grow its volumes at a healthy rate.
Petronet LNG
Rising capacity utilisation and planned expansion have helped India's largest importer of liquefied natural gas. Rise in capacity utilisation has been driven by increasing gas consumption in India.
Bajaj Holdings & Investment
An investment company, it focuses on earnings through dividends, interest and profits on investments held. The firm holds strategic stakes in Bajaj Auto Ltd., Bajaj Finserv Ltd. and Maharashtra Scooters Ltd.
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