Only two Indian stocks have returned gains each year in the last decade: Gruh Finance Ltd. and Marico Ltd.
The affordable housing finance arm of HDFC Ltd., which announced its merger with Bandhan Bank Ltd. earlier this year, rose more than 100 percent in three of the 10 years since 2009. That may have to do with its loan portfolio growing eightfold to Rs 17,408 crore and deposits increasing by over six times to Rs 1,562 crore during the period.
Marico's profit and revenue grew at annualised rates of 11 percent and 17 percent, respectively, during the period, helping it deliver gains to shareholders.
Outlook of the Parachute coconut oil maker, according to a recent Motilal Oswal report, remains strong due to benign raw material prices—especially that of copra—over the next 12-18 months, healthy domestic volume growth projection in key segments and positive traction in new product development.
While Marico has risen marginally so far this year. Gruh Finance, which till June 4 was up, is now trading more than 3 percent lower after Dewan Housing Finance Ltd.'s troubles had a rub-off impact on other non-bank lenders' stocks.
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