High Beta Stocks India NSE BSE: List of High Beta Stocks

This article covers the High Beta Stocks in India on NSE & BSE. A list of Beta Values for NSE listed stocks is also covered in a table, with meaning and examples of beta stocks and beta values
Very often, every trader comes across the requirement for checking the Beta values. Why is the beta value so important? Simply because the higher the beta value of a particular stock, the higher its corresponding price movement with respect to the given market index. Cant understand that? Let's take an example: Suppose the market index like Nifty moves +1% and the 2 stocks say HPCL and Reliance move -0.5% and +2% over the same time period. So basically, nifty goes up by 1%, and correspondingly the HPCL goes down by 0.5% and Reliance goes up by 2%. Hence, with respect to Nifty (underlying index), the HPCL has a beta of -0.5 and Reliance has a beta of +2. So if the nifty moves 2%, then Reliance will be expected to move 4% and HPCL will be expected to go down by 1%. But if Nifty goes down by 2%, then HPCL will be expected to go up by 1% and Reliance will be expected to go down by 4%. Hence, beta values of a particular stock tells you how much sensitivity it has with respect to a given change in the market index.

List of High Beta Stocks on NSE BSE India and their Beta Values

Below is the table which indicates the Beta values of all the NSE Stocks in the reverse order of Beta

Sr	Symbol	Security Name	Industry	Beta	R2	Volatility
1	JPASSOCIAT	Jaiprakash Associates	DIVERSIFIED	1.7	0.69	5.07
2	HINDALCO	Hindalco Industries	ALUMINIUM	1.64	0.72	2.56
3	STER	Sterlite Industries (India)	METALS	1.53	0.68	2.23
4	ICICIBANK	ICICI Bank	BANKS	1.51	0.78	2.5
5	TATAMOTORS	Tata Motors	AUTOMOBILES - 4 WHEELERS	1.51	0.65	3.78
6	DLF	DLF	CONSTRUCTION	1.43	0.66	2.43
7	TATASTEEL	Tata Steel	STEEL AND STEEL	1.38	0.72	2.15
8	IDFC	IDFC	FINANCIAL INSTITUTION	1.36	0.68	3.52
9	RELCAPITAL	Reliance Capital	FINANCE	1.34	0.63	4.76
10	SUZLON	Suzlon Energy	ELECTRICAL EQUIPMENT	1.32	0.54	3.31
11	AXISBANK	Axis Bank	BANKS	1.29	0.71	2.56
12	SESAGOA	Sesa Goa	MINING	1.29	0.54	2.75
13	SAIL	Steel Authority of India	STEEL AND STEEL	1.24	0.64	1.89
14	RELINFRA	Reliance Infrastructure	POWER	1.23	0.48	6.29
15	KOTAKBANK	Kotak Mahindra Bank	BANKS	1.17	0.64	2.85
16	RCOM	Reliance Communications	TELECOM - SERVICES	1.17	0.46	3.99
17	SBIN	State Bank of India	BANKS	1.15	0.66	2.33
18	JINDALSTEL	Jindal Steel & Power	STEEL AND STEEL	1.14	0.7	2.46
19	HDFC	HDFC	FINANCE - HOUSING	1.12	0.67	2.45
20	M&M	Mahindra & Mahindra	AUTOMOBILES - 4 WHEELERS	1.12	0.6	2.7
21	LT	Larsen & Toubro	ENGINEERING	1.07	0.69	2.97
22	RELIANCE	Reliance Industries	REFINERIES	1.05	0.71	1.9
23	RPOWER	Reliance Power	POWER	1.05	0.51	2.96
24	HDFCBANK	HDFC Bank	BANKS	0.99	0.69	1.77
25	AMBUJACEM	Ambuja Cements	CEMENT AND CEMENT	0.89	0.46	2.2
26	CAIRN	Cairn India	OIL EXPLORATION/PROD	0.89	0.55	1.74
27	HCLTECH	HCL Technologies	COMPUTERS - SOFTWARE	0.88	0.52	1.74
28	RANBAXY	Ranbaxy Laboratories	PHARMACEUTICALS	0.88	0.54	2.24
29	PNB	Punjab National Bank	BANKS	0.85	0.6	2.05
30	TCS	Tata Consultancy	COMPUTERS - SOFTWARE	0.83	0.53	1.71
31	BHEL	Bharat Heavy Electricals	ELECTRICAL EQUIPMENT	0.81	0.64	2.02
32	WIPRO	Wipro	COMPUTERS - SOFTWARE	0.81	0.53	1.72
33	ITC	I T C	CIGARETTES	0.76	0.53	2.56
34	INFOSYSTCH	Infosys Technologies	COMPUTERS - SOFTWARE	0.75	0.6	1.31
35	BHARTIARTL	Bharti Airtel	TELECOM - SERVICES	0.73	0.38	1.94
36	MARUTI	Maruti Suzuki India	AUTOMOBILES - 4 WHEELERS	0.68	0.44	1.72
37	TATAPOWER	Tata Power Co.	POWER	0.67	0.53	1.64
38	BAJAJ-AUTO	Bajaj Auto	AUTOMOBILES - 2 & 3 WHEELERS	0.64	0.41	1.89
39	ONGC	Oil & Natural Gas Corp	OIL EXPLORATION/PROD	0.64	0.43	2.01
40	ACC	ACC	CEMENT AND CEMENT	0.61	0.4	1.58
41	SIEMENS	Siemens	ELECTRICAL EQUIPMENT	0.61	0.37	0.4
42	NTPC	NTPC	POWER	0.57	0.5	1.66
43	SUNPHARMA	Sun Pharmaceutical	PHARMACEUTICALS	0.56	0.37	2.08
44	GAIL	GAIL (India)	GAS	0.54	0.4	1.36
45	HEROHONDA	Hero Honda Motors	AUTOMOBILES - 2 & 3 WHEELERS	0.52	0.25	2.92
46	BPCL	Bharat Petroleum CL.	REFINERIES	0.51	0.25	2.3
47	HINDUNILVR	Hindustan Unilever	DIVERSIFIED	0.51	0.37	1.08
48	DRREDDY	Dr. Reddy's Laboratories	PHARMACEUTICALS	0.48	0.34	1.69
49	POWERGRID	Power Grid Corporation	POWER	0.48	0.41	1.22
50	CIPLA	Cipla	PHARMACEUTICALS	0.46	0.33	1.02

Please note: Beta & R2 are calculated for the period 01-March-2010 to 28-Feb-2011
As you can see, as of now as per the given table, JP associates, hindalco and Sterlite are having the highest beta values, while Cipla, powerGrid and Dr. Reddy's are having the lowest Beta values in the given period.