ITI, Lloyds Metals to GMR Power: These five shares give up to 40% returns this week. How many of them do you own?

Indian stock market: A day after posting a robust gain of nearly 2 per cent, India's stock market indices, the Sensex and the Nifty 50, experienced sharp declines on Friday, January 3, driven by profit-taking amid a strengthening US dollar.

The Sensex opened at 80,072.99, higher than its previous close of 79,943.71, but dropped 834 points during the day to reach an intraday low of 79,109.73. Despite recovering some of the losses, the 30-stock index ended the session down by 721 points, or 0.90 per cent, at 79,223.11.

“The year has started on a positive note, with the Nifty gaining 1.25 per cent and the Nifty 500 advancing 1.4 per cent in the first week. This broad-based rally signals a stable start to 2025, setting the stage for optimism. While market valuations appear stretched, particularly in the mid and small cap segments, history reminds us that such conditions can persist longer than expected. Investors should focus on businesses with steady earnings growth and the ability to adapt to evolving trends," said Krishna Appala, Sr. Research Analyst, Capitalmind Research.

The sectoral indices witnessed significant losses in the banking, financial, IT, and pharma segments. The Nifty Bank index declined by 1.20 per cent, while the Financial Services index dropped 1.13 per cent. The Private Bank index fell by 0.90 per cent, while the PSU Bank index managed a modest gain of 0.31 per cent.

Meanwhile, Nifty IT saw a decline of 1.41 per cent, Pharma fell by 1.23 per cent, and Healthcare was down by 1.16 per cent, with all three sectors losing over a percentage point.

Top five stocks

ITI, Lloyds Metals and Energy, Apollo Micro Systems, Avonmore Capital, and GMR Power and Urban were the five stocks that gave up to 40 per cent return in the week ending January 3.

Apollo Micro Systems

Current Price: ₹138.30 | Previous Close: ₹98.30 | Change: 40.69 per cent

ITI

Current Price: ₹457.25 | Previous Close: ₹327.15 | Change: 39.77 per cent

Avonmore Capital

Current Price: ₹23.46 | Previous Close: ₹16.80 | Change: 39.64 per cent

Lloyds Metals and Ener

Current Price: ₹1,439.15 | Previous Close: ₹1,181.15 | Change: 21.84 per cent

GMR Power and Urban

Current Price: ₹129.85 | Previous Close: ₹109.75 | Change: 18.31 per cent

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.