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 50 is 1.9% below its 200-day average

Top 20 by momentum score — Nifty Smallcap 250

2 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 Smallcap 250 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	—	CPPLUS	Aditya Infotech Ltd.	Capital Goods	154.2%	43.3%	3.56
03	—	HFCL	HFCL Ltd.	Telecommunication	157.5%

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.

Share your interest

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
#2CPPLUS—
Aditya Infotech Ltd.
Capital Goods
12-1 ret
154.2%
Vol
43.3%
Score
3.56
#3HFCL—
HFCL Ltd.
Telecommunication
12-1 ret
157.5%
Vol
48.7%
Score
3.23
#4RRKABEL 1 up 1 vs the previous calculation
R R Kabel Ltd.
Capital Goods
12-1 ret
115.7%
Vol
37.2%
Score
3.11
#5ACUTAAS 1 down 1 vs the previous calculation
Acutaas Chemicals Ltd.
Healthcare
12-1 ret
129.0%
Vol
43.8%
Score
2.95
#6KIRLOSENG 1 up 1 vs the previous calculation
Kirloskar Oil Eng Ltd.
Capital Goods
12-1 ret
131.3%
Vol
46.2%
Score
2.84
#7GRANULES 1 down 1 vs the previous calculation
Granules India Ltd.
Healthcare
12-1 ret
78.0%
Vol
28.9%
Score
2.70
#8WELCORP—
Welspun Corp Ltd.
Capital Goods
12-1 ret
89.9%
Vol
39.1%
Score
2.30
#9SONACOMS 1 up 1 vs the previous calculation
Sona BLW Precision Forgings Ltd.
Automobile and Auto Components
12-1 ret
69.4%
Vol
30.9%
Score
2.24
#10SYRMA 2 up 2 vs the previous calculation
Syrma SGS Technology Ltd.
Capital Goods
12-1 ret
89.6%
Vol
42.2%
Score
2.12
#11ANANDRATHI 2 down 2 vs the previous calculation
Anand Rathi Wealth Ltd.
Financial Services
12-1 ret
46.1%
Vol
21.8%
Score
2.11
#12HINDCOPPER 1 down 1 vs the previous calculation
Hindustan Copper Ltd.
Metals & Mining
12-1 ret
109.1%
Vol
55.9%
Score
1.95
#13HSCL 1 up 1 vs the previous calculation
Himadri Speciality Chemical Ltd.
Chemicals
12-1 ret
67.1%
Vol
34.8%
Score
1.93
#14CHENNPETRO 2 up 2 vs the previous calculation
Chennai Petroleum Corporation Ltd.
Oil Gas & Consumable Fuels
12-1 ret
92.0%
Vol
50.4%
Score
1.83
#15PFOCUS 2 down 2 vs the previous calculation
Prime Focus Ltd.
Media Entertainment & Publication
12-1 ret
98.6%
Vol
54.9%
Score
1.80
#16BELRISE 1 down 1 vs the previous calculation
Belrise Industries Ltd.
Automobile and Auto Components
12-1 ret
64.6%
Vol
36.6%
Score
1.77
#17STARHEALTH 4 up 4 vs the previous calculation
Star Health and Allied Insurance Company Ltd.
Financial Services
12-1 ret
40.3%
Vol
23.3%
Score
1.73
#18AEGISLOG 1 down 1 vs the previous calculation
Aegis Logistics Ltd.
Oil Gas & Consumable Fuels
12-1 ret
79.7%
Vol
46.6%
Score
1.71
#19CEMPRO 6 up 6 vs the previous calculation
Cemindia Projects Ltd.
Construction
12-1 ret
87.8%
Vol
53.0%
Score
1.66
#20KARURVYSYA 1 down 1 vs the previous calculation
Karur Vysya Bank Ltd.
Financial Services
12-1 ret
58.7%
Vol
36.1%
Score
1.63