As we welcome and commence our stock market journey in 2025, it is time to reflect on the journey in 2024! Which stocks performed well, and which ones did not meet our expectations? We bring to you our Annual Report containing the list of Top 25 Gainers and Losers on the Annual StockBal Index (or Varshik Bal) during the calendar year 2024.
What is Varshik Bal? (Click to read more)
Varshik Bal is the annual variant of StockBal, which is India’s first multi time-frame measure of relative strength of all NSE traded stocks, updated on a daily basis.
It measures the relative strength of each stock relative to the broader market on a scale of 0 – 100, based on performance over the given time frame. So, Varshik Bal measures the past performance relative to the NSE-500 stocks over the last one year. Similarly, Masik and Saptahik Bal measure this over the last one month and one week, respectively.
Where can I find the StockBal? (Click to find out)
You can check out the StockBal across all three time frames on a daily basis on our StockBal Dashboard. It is updated each day for all NSE traded stocks after market hours.
Which stocks are covered? (Click to find out)
The StockBal is updated daily for all stocks traded on NSE (mainboard segment), which typically includes over 2,000 stocks that are traded each day.
However, the StockBal Index itself is computed on the basis of NSE-500 stocks only, as a reference point or surrogate measure of the broader market. This report of Top 25 Gainers and Losers is also drawn only from the basket of stocks that are a part of NSE-500 stocks only.
Varshik Bal – Annual Report
We started publishing the Varshik Bal starting from the time of our launch around Diwali in 2024. However, we have computed the Varshik Bal for the entire year for all the stocks that are a part of NSE-500, so that we can share the Annual Review with you for 2024.
We now present to you a list of Top 25 Gainers and Top 25 Losers on the Varshik Bal during 2024.
The gainers are stocks that exhibited the highest increase in Annual StockBal (Varshik Bal) in 2024. In other words, out of all NSE-500 stocks, these are the ones that saw the highest increase in Varshik Bal between the end of calendar year 2023 and end of 2024.
Please note that this is not a list of the top gainers in 2024 in absolute terms. That honor would belong to the stocks with the highest Varshik Bal in absolute terms, of course. However, this list of Top 25 Gainers include those stocks that have increased the most VarshikBal, as compared to last year.
As you will see from the list of Top 25 Varshik Bal Gainers below, most of these stocks under-performed the broader market last year (2023) and over-performed the market this year (2024). So, without further ado, let us look at the results.
Top 25 Varshik Bal Gainers in 2024
Here are the Top 25 Varshik Bal gainers of 2024 as compared to 2023.
As an example, Aegis Logistics increased from it’s 2023 close of Rs 351.90 to a close of Rs 820 in 2024, recording a Varshik Bal of 97. This was an improvement of 86 points over its Varshik Bal of only 11 in 2023, when it moved from it’s 2022 close of Rs 347.65 to a close of Rs 351.90.
As mentioned earlier, this tabulation is based on the change in the Varshik Bal at the end of 2024 as compared to the end of 2023, and only includes the stocks that are part of the NSE-500.
Here is the complete list, with NSE Symbols (as shown above) and the company name:
- AEGISLOG – Aegis Logistics Limited
- VEDL – Vedanta Limited
- DEEPAKFERT – Deepak Fertilizers and Petrochemicals Corporation Limited
- JUBLINGREA – Jubilant Ingrevia Limited
- GODFRYPHLP – Godfrey Phillips India Limited
- ABSLAMC – Aditya Birla Sun Life AMC Limited
- EIDPARRY – EID Parry India Limited
- BASF – BASF India Limited
- INDUSTOWER – Indus Towers Limited
- UTIAMC – UTI Asset Management Company Limited
- KEC – KEC International Limited
- PETRONET – Petronet LNG Limited
- CAMS – Computer Age Management Services Limited
- HINDZINC – Hindustan Zinc Limited
- WHIRLPOOL – Whirlpool of India Limited
- AVANTIFEED – Avanti Feeds Limited
- SUMICHEM – Sumitomo Chemical India Limited
- PPLPHARMA – Piramal Pharma Limited
- VOLTAS – Voltas Limited
- GRINFRA – G R Infraprojects Limited
- KFINTECH – Kfin Technologies Limited
- DIVISLAB – Divi’s Laboratories Limited
- BIOCON – Biocon Limited
- VGUARD – V-Guard Industries Limited
- KNRCON – KNR Constructions Limited
Top 25 Varshik Bal Losers in 2024
And now, it is the turn of the Top 25 Varshik Bal losers of 2024 as compared to 2023. As one would imagine, these are stocks that did well in 2023, but have not done well in 2024, compared to the broader market.
As an example, GMDC (Gujarat Mineral Development Corporation) slipped from it’s 2023 close of Rs 407 to a close of Rs 321.80 in 2024, recording a Varshik Bal of only 7 at the end of 2023. This was a steep fall of 88 points over its Varshik Bal of 95 in 2023, when it’s closing price increased from Rs 146.65 in 2022 to Rs 407 in 2023.
Once again, this tabulation is based on the fall in the Varshik Bal at the end of 2024 as compared to the end of 2023, and only includes the stocks that are part of the NSE-500.
Here is the list of NSE symbols along with the company names, of the Top 25 losers of Varshik Bal during 2024
- GMDCLTD – Gujarat Mineral Development Corporation Limited
- MAHSEAMLES – Maharashtra Seamless Limited
- CYIENT – Cyient Limited
- IDEA – Vodafone Idea Limited
- CHENNPETRO – Chennai Petroleum Corporation Limited
- UJJIVANSFB – Ujjivan Small Finance Bank Limited
- BSOFT – BIRLASOFT LIMITED
- ANGELONE – Angel One Limited
- SONATSOFTW – Sonata Software Limited
- J&KBANK – The Jammu & Kashmir Bank Limited
- JYOTHYLAB – Jyothy Labs Limited
- EQUITASBNK – Equitas Small Finance Bank Limited
- JBMA – JBM Auto Limited
- SYRMA – Syrma SGS Technology Limited
- CREDITACC – CREDITACCESS GRAMEEN LIMITED
- LTF – L&T Finance Limited
- ZFCVINDIA – ZF Commercial Vehicle Control Systems India Limited
- ENGINERSIN – Engineers India Limited
- HINDCOPPER – Hindustan Copper Limited
- GSFC – Gujarat State Fertilizers & Chemicals Limited
- MAPMYINDIA – C.E. Info Systems Limited
- RTNINDIA – RattanIndia Enterprises Limited
- RBLBANK – RBL Bank Limited
- TATAMOTORS – Tata Motors Limited
- TANLA – Tanla Platforms Limited
Looking Forward to 2025
This Annual Report only presents a comparison of the past two years’ performance. As always, a new year always has new things in store, and so will 2025.
Who do you think will be the top 25 gainers and losers of 2025?
Keep watching this space and the StockBal Index to track the story, as it unfolds during the rest of 2025!
Note: Stock market investments are subject to market risks. Past performance is not indicative of future results. The above should not be treated as investment advice. Please read the full disclaimers here.
