2013 was undoubtedly a very polarized market where the companies which delivered on earnings and governance outperformed benchmark Indicies significantly while the companies which failed to deliver on earnings and repair their fractured balance sheets, under-performed indices by huge margin.
For instance Britannia Industries appreciated by more than 84% in calendar year 2013 while at the same time JP Associates fell 44% during the same period. JP Associates is saddled with debt and had to do distress sale of it's cement plant in gujarat while Britannia Industries kept generating high Return on Capital and also witnessed 430 bps margin expansion in second quarter of FY-14.
Business Standard has compiled a very good list of key stocks which outperformed / under-performed along with highlights of reasons behind their performance. The doc is available for download in PDF below: