Below is the performance of the Nifty Fifty as published by Forbes from the December 15, 1977 publish date to December 15, 1978:
In the period from December 15, 1977 to December 15, 1978, the Dow Jones Industrial Average decline –1.54% compared to the overall change of +2.46% in the Nifty Fifty. The breakdown of the data based on dividend yield & price-to-earnings ratios.
The best gain was achieved by the top three stocks in the High Yield category with an increase of +12.56%. However, the best performing group was the Low Yield stocks where all of categories generated positive returns.
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