As anticipation of the result season grows, investors are buying into stocks which are showing potential for growth despite market volatility. We take a look at the indices which have grown the most in the past quarter and the stocks driving this growth.

The S&P SME BSE IPO rose 58.6% over the last 90 days, the most among all the indices. Shree Venkatesh Refineries, Maruti Interior Products and Ekkenis Software Services rose above 100% in the past 90 days, contributing to the surge in the index. The index has risen 9.3% in the past week, despite the market being volatile and the rupee falling to new lows.

The Nifty Metal index has also seen a broad recovery in the quarter after being in the doldrums in the past year, as it rose 18.5%. APL Apollo Tubes, Vedanta and Jindal Steel & Power grew more than 20%, helping the index to rise. After already beating Forecaster estimates for revenue growth in Q1FY23, analysts are estimating an average revenue growth of 18.7% in Q2FY23 for APL Apollo Tubes. The Nifty Metal index continued its gains in the past week and is up 0.5%.

S&P BSE Industrials index comes in third as it rose 17.2% in the past 90 days. Hindustan Aeronautics, Bharat Electronics and ABB India rose above 25% in the last 90 days, aiding this growth. Bharat Electronics’ forecaster estimates for revenue growth for Q2FY23 is at 24.4% after beating the forecaster estimates for revenue growth in Q1FY23. The Industrials index grew 0.7% in the past week.