Today’s momentum rankings — Indian markets

One published formula, every segment, every trading day: 12-month return (skipping the latest month) ÷ annualized volatility. What ranks highest is listed below — a description of past prices, not advice.

Data as of 28 Aug 2026Next weekly rebalance 04 Sept 2026Nifty 500 is 2.0% above its 200-day average

Top 20 by momentum score — Nifty 500

1 of 20 names entered at the latest calculation

Scores refresh each trading day; the backtest rebalances weekly (Friday close)

How this score is computed

score = 12-1 return ÷ annualized volatility

12-1 return:the stock's total return over the past 12 months, excluding the most recent month. The latest month is skipped because academic research finds short-term returns tend to reverse.
Annualized volatility: the standard deviation of daily returns over the past year, scaled to annual terms. Dividing by volatility penalizes stocks whose gains came with wild swings.
Ranking: every stock in the Nifty 500 with sufficient price history is scored the same way; the 20 highest scores are listed here. Scores are recalculated every trading day.

This is a mechanical calculation on historical prices. A high score describes past behaviour only — it says nothing about what the stock will do next. Details, evidence and limitations are on the methodology page.

Stocks ranked by the published momentum formula — 12-1 return divided by volatility. Ranks are descriptive, not recommendations.
# — rank	Δ prev — rank change vs the previous calculation	Symbol	Name	Sector	12-1 return — 12-month return skipping the most recent month	Volatility — annualized volatility of daily returns	Score — 12-1 return divided by volatility
01	—	ATHERENERG	Ather Energy Ltd.	Automobile and Auto Components	187.6%	49.6%	3.78
02	1 up 1 vs the previous calculation	LAURUSLABS	Laurus Labs Ltd.	Healthcare	105.4%	29.0%	3.64
03	1 down 1 vs the previous calculation	CPPLUS

These are the stocks currently ranking highest on the formula. A place on this list is not a recommendation, rating or endorsement of any security. Momentum rankings change often, sometimes drastically.

A paid plan with list-change alerts and an export archive is being considered. Everything currently on this site stays free either way. If a plan like that interests you, a 2-minute form helps decide whether to build it.

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What this is

One published, mechanical formula applied to historical prices — every step shown.
An educational look at momentum as an academic factor, crashes and drawdowns included.
A backtest with its assumptions, costs and limitations stated in full.

What this is not

Not investment advice, research analysis, or a recommendation to act on any security.
Not run by a SEBI-registered analyst or adviser — for personal advice, consult someone who is registered.
Not a prediction. Past performance, backtest included, does not guarantee future results.

#1ATHERENERG—
Ather Energy Ltd.
Automobile and Auto Components
12-1 ret
187.6%
Vol
49.6%
Score
3.78
#2LAURUSLABS 1 up 1 vs the previous calculation
Laurus Labs Ltd.
Healthcare
12-1 ret
105.4%
Vol
29.0%
Score
3.64
#3CPPLUS 1 down 1 vs the previous calculation
Aditya Infotech Ltd.
Capital Goods
12-1 ret
154.2%
Vol
43.3%
Score
3.56
#4FEDERALBNK—
Federal Bank Ltd.
Financial Services
12-1 ret
84.0%
Vol
25.4%
Score
3.30
#5HFCL—
HFCL Ltd.
Telecommunication
12-1 ret
157.5%
Vol
48.7%
Score
3.23
#6BHARATFORG—
Bharat Forge Ltd.
Automobile and Auto Components
12-1 ret
93.7%
Vol
29.3%
Score
3.19
#7RRKABEL 1 up 1 vs the previous calculation
R R Kabel Ltd.
Capital Goods
12-1 ret
115.7%
Vol
37.2%
Score
3.11
#8ACUTAAS 1 down 1 vs the previous calculation
Acutaas Chemicals Ltd.
Healthcare
12-1 ret
129.0%
Vol
43.8%
Score
2.95
#9ADANIENSOL 1 up 1 vs the previous calculation
Adani Energy Solutions Ltd.
Power
12-1 ret
110.4%
Vol
38.0%
Score
2.90
#10KIRLOSENG 1 up 1 vs the previous calculation
Kirloskar Oil Eng Ltd.
Capital Goods
12-1 ret
131.3%
Vol
46.2%
Score
2.84
#11GRANULES 2 down 2 vs the previous calculation
Granules India Ltd.
Healthcare
12-1 ret
78.0%
Vol
28.9%
Score
2.70
#12BHEL—
Bharat Heavy Electricals Ltd.
Capital Goods
12-1 ret
91.2%
Vol
35.7%
Score
2.55
#13NATIONALUM 1 up 1 vs the previous calculation
National Aluminium Co. Ltd.
Metals & Mining
12-1 ret
95.3%
Vol
41.4%
Score
2.31
#14WELCORP 1 down 1 vs the previous calculation
Welspun Corp Ltd.
Capital Goods
12-1 ret
89.9%
Vol
39.1%
Score
2.30
#15SONACOMS 2 up 2 vs the previous calculation
Sona BLW Precision Forgings Ltd.
Automobile and Auto Components
12-1 ret
69.4%
Vol
30.9%
Score
2.24
#16SHRIRAMFIN—
Shriram Finance Ltd.
Financial Services
12-1 ret
74.8%
Vol
35.2%
Score
2.13
#17SYRMA 3 up 3 vs the previous calculation
Syrma SGS Technology Ltd.
Capital Goods
12-1 ret
89.6%
Vol
42.2%
Score
2.12
#18ANANDRATHI 3 down 3 vs the previous calculation
Anand Rathi Wealth Ltd.
Financial Services
12-1 ret
46.1%
Vol
21.8%
Score
2.11
#19AUROPHARMA—
Aurobindo Pharma Ltd.
Healthcare
12-1 ret
50.8%
Vol
25.8%
Score
1.97
#20IDEA 11 up 11 vs the previous calculation
Vodafone Idea Ltd.
Telecommunication
12-1 ret
91.8%
Vol
46.9%
Score
1.96