Investing in high volatility requires a balance of risk tolerance, research, and strategy. Check a few high-volatility stocks in October 2024 based on beta.
Investing in highly volatile stocks is similar to navigating a ship through stormy seas. High-volatility stocks are those whose prices fluctuate significantly over a short period. They can offer both substantial rewards and significant risks. In this blog, we will explore highly volatile stocks in October 2024 based on beta.
High Volatile Stocks in October 2024 – Based on Beta
| Company Name |
Market Cap (In ₹ Crore) |
Beta |
5Y CAGR (%) |
| Poonawalla Fincorp Ltd |
30,716.89 |
2.36 |
50.86 |
| IndusInd Bank Ltd |
1,07,723.06 |
2.32 |
0.50 |
| Adani Total Gas Ltd |
83,959.50 |
2.21 |
40.96 |
| CG Power and Industrial Solutions Ltd |
1,09,860.08 |
2.14 |
124.15 |
| Hindustan Copper Ltd |
31,945.64 |
2.08 |
61.03 |
Note: The stocks mentioned above have been selected from the Nifty 500 universe and sorted based on beta value as of October 10, 2024.
Overview of 5 High Volatile Stocks
- Poonawalla Fincorp Limited: Poonawalla Fincorp Limited is engaged in providing consumer and MSME financing, as well as General Insurance Services. As of Q1 FY25, the assets under management stood at ₹26,972 crores, reflecting a growth of 52% YoY and an 8% QoQ.
Key Metrics:
- Return on Equity (ROE): 13.9%
- Return on Capital Employed (ROCE): 10.8%
- IndusInd Bank Limited: IndusInd Bank Limited is a commercial bank under the Banking Regulation Act 1949, which provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. During Q1FY25, the home loan book grew by 31% QoQ and now stands at ₹2,348 crore.
Key Metrics:
- Adani Total Gas Ltd (ATGL): Adani Total Gas Limited is engaged in the City Gas Distribution (CGD). As of Q1 FY25, the number of CNG stations has risen to 559, with 12 new stations added. ATGL has received approval from the PNGRB to transfer the Letter of Authorization for the Jalandhar GA in accordance with the Business Transfer Agreement.
Key Metrics:
- CG Power & Industrial Solutions Ltd: CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. As of Q1 FY25, sales grew by about 19% and profit before tax grew by about 27%.
Key Metrics:
- Hindustan Copper Limited: Hindustan Copper Limited (HCL) is engaged in various processes right from copper mining to the final stage of converting copper into saleable products. The Company is aiming to strengthen the ore production capacity to 12.20 MTPA by FY 2028-29.
Key Metrics:
Factors to Consider When Investing in High-Beta Stocks
- Risk Tolerance: Assess your ability to withstand significant price fluctuations. If you’re risk-averse, high-beta stocks might not be suitable.
- Investment Horizon: High-beta stocks are often more suitable for long-term investors who can ride out market fluctuations. Short-term investors may find them too risky.
- Diversification: Don’t put all your eggs in one basket. Diversify your portfolio with a mix of high-beta and low-beta stocks to manage risk.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
