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Tata Motors best, Infosys worst blue-chip performer in 2012


Tata Motors is the best performer among Sensex stocks in 2012. The stock has been helped by hopes for a turnaround in the performance of luxury unit Jaguar Land Rover.

Infosys has the worst performer status among blue chips, given the persistent concerns about global demand for software services.

Among other stocks, ICICI, L&T and Maruti shares gained more than 60 percent, while HDFC Bank and Sun Pharma rose more than 50 percent.

Lenders were the top performers among sectors, with the BSE banking index up nearly 57 percent. Real estate and fast-moving consumer goods (FMCG) were the next best sectoral performers.

The RBI has held interest rates steady after a 50 basis points rate cut in April, but eased the cash reserve ratio by 175 basis points in 2012, helping banks improve margins.

The RBI is also expected to cut the repo rate more aggressively next year.

Copyright Thomson Reuters 2012

Story first published on: December 28, 2012 14:25 (IST)

Tags: Tata Motors, Infosys, JLR

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