📅 BSE Limited Seasonality
BSE Limited (BSE) has ended October higher in 5 of the last 9 years (56%), with an average October move of +7.7%. The strongest October was 2023 (+43.5%) and the weakest was 2018 (-12.1%).
BSE · data since 2017 (10 yrs)
Prices through 16 Oct 2026
5/9
Octobers closed higher
+7.7%
Avg October move
+8.8%
October so far
April
Best month · avg +12.9%
February
Weakest month · avg -6.4%
10
Years of history
Current month: October 2026
historically up 56% of years (5/9)
avg +7.7%
best 2023 +43.5%
worst 2018 -12.1%
so far +8.8%
BSE Limited's historically strongest month is April — up in 9 of 10 years (90%) with an average gain of +12.9%. The weakest month has been February, averaging -6.4% with gains in only 2 of 9 years.
📊 Average return by month
Bars above the zero line are months BSE typically gained; hover for hit rates.
🗓️ Month-by-month returns (2017–2026)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +2.8 | -6.4 | +3.5 | +12.9 | +9.3 | -1.0 | +6.1 | -0.3 | +4.8 | +7.7 | +7.6 | +2.2 |
| Up % | 56% | 22% | 50% | 90% | 60% | 40% | 50% | 30% | 60% | 56% | 67% | 33% |
| 2026 | +6.3 | -3.2 | -0.9 | +35.7 | +13.9 | -6.8 | -5.7 | -10.0 | -5.8 | +8.8 | · | · |
| 2025 | -0.4 | -12.7 | +18.3 | +16.0 | +26.2 | +3.6 | -12.4 | -13.6 | -2.7 | +21.5 | +17.1 | -9.3 |
| 2024 | +4.6 | +1.9 | +6.3 | +10.9 | -3.5 | -4.1 | -1.0 | +10.8 | +30.1 | +21.2 | +4.6 | +14.0 |
| 2023 | -5.8 | -14.2 | -2.2 | +21.3 | +6.7 | +9.1 | +33.0 | +31.3 | +22.1 | +43.5 | +33.0 | -10.3 |
| 2022 | +1.8 | +0.5 | +44.2 | -4.7 | -16.0 | -21.0 | +13.7 | -4.0 | -7.0 | -2.6 | -2.2 | -5.6 |
| 2021 | -5.0 | -1.1 | -1.8 | +5.2 | +60.2 | -6.4 | +38.7 | -4.0 | +2.7 | +7.5 | +17.8 | +23.0 |
| 2020 | +6.4 | -15.1 | -34.5 | +31.7 | -3.3 | +17.4 | +16.0 | -3.3 | +9.5 | -9.6 | +12.2 | +11.9 |
| 2019 | -1.5 | -3.5 | +7.3 | +1.7 | -0.2 | -1.0 | -17.1 | +4.6 | +6.1 | -1.7 | -8.9 | -0.7 |
| 2018 | +18.6 | -10.5 | -5.3 | +9.0 | +0.6 | +1.3 | -5.6 | -6.7 | -7.7 | -12.1 | +0.8 | -1.1 |
| 2017 | · | · | +3.2 | +2.7 | +8.8 | -1.8 | +0.9 | -8.1 | +0.3 | +1.4 | -6.3 | -2.0 |
🏆 Top 25 seasonal picks — October 2026
| # | Stock | Record | Win % | Avg return | So far |
|---|---|---|---|---|---|
| 1 | MUTHOOTFIN Muthoot Finance Limited | 13/15 yrs up | 87% | +4.4% | -5.1% |
| 2 | POKARNA Pokarna Limited | 9/10 yrs up | 90% | +9.7% | +1.2% |
| 3 | STYRENIX Styrenix Performance Materials Limited | 18/22 yrs up | 82% | +3.7% | +2.3% |
| 4 | TBZ Tribhovandas Bhimji Zaveri Limited | 12/14 yrs up | 86% | +12.3% | +19.5% |
| 5 | RAMCOCEM The Ramco Cements Limited | 17/22 yrs up | 77% | +0.6% | -4.8% |
| 6 | OBEROIRLTY Oberoi Realty Limited | 12/15 yrs up | 80% | +6.1% | -3.5% |
| 7 | PDSL PDS Limited | 9/11 yrs up | 82% | +9.4% | -2.8% |
| 8 | MCX Multi Comm. Exc. | 11/14 yrs up | 79% | +8.9% | -4.2% |
| 9 | INDOTECH Indo Tech Transformers Limited | 15/20 yrs up | 75% | +6.7% | -3.8% |
| 10 | SUZLON Suzlon Energy Limited | 15/20 yrs up | 75% | +4.8% | +6.4% |
| 11 | RSYSTEMS R Systems International Limited | 15/20 yrs up | 75% | +4.2% | -6.6% |
| 12 | IFBAGRO IFB Agro Industries Limited | 16/22 yrs up | 73% | +11.7% | -3.1% |
| 13 | GMDCLTD Gujarat Mineral Development Corporation Limited | 16/22 yrs up | 73% | +8.5% | -7.2% |
| 14 | USHAMART Usha Martin Limited | 16/22 yrs up | 73% | +6.0% | -1.5% |
| 15 | GSFC Gujarat State Fertilizers & Chemicals Limited | 16/22 yrs up | 73% | +4.6% | -1.3% |
| 16 | ICICIBANK ICICI Bank Limited | 16/22 yrs up | 73% | +4.5% | +5.7% |
| 17 | SHRIRAMFIN Shriram Finance Limited | 16/22 yrs up | 73% | +2.8% | -4.3% |
| 18 | KABRAEXTRU Kabra Extrusion Technik Limited | 16/22 yrs up | 73% | +2.2% | +0.4% |
| 19 | HIRECT Hind Rectifiers Limited | 14/19 yrs up | 74% | +4.7% | -2.7% |
| 20 | TI Tilaknagar Industries Limited | 12/16 yrs up | 75% | +9.5% | +2.0% |
| 21 | KECL Kirloskar Electric Company Limited | 12/16 yrs up | 75% | +8.0% | -1.9% |
| 22 | IMFA Indian Metals & Ferro Alloys Limited | 12/16 yrs up | 75% | +8.0% | -0.9% |
| 23 | DBREALTY Valor Estate Limited | 12/16 yrs up | 75% | +7.4% | -9.7% |
| 24 | ATULAUTO Atul Auto Limited | 10/13 yrs up | 77% | +8.3% | -5.6% |
| 25 | MINDTECK Mindteck (India) Limited | 8/10 yrs up | 80% | +5.1% | -2.8% |
“So far” = return in the current (incomplete) period. Full methodology and the
past-performance record of these lists: Seasonality hub →
Current quarter: Q4 2026
historically up 56% of years (5/9)
avg +19.3%
so far +8.8%
By quarter, Q2 (Apr–Jun) has been the strongest for BSE: up in 9 of 10 years, averaging +23.1%. Q1 (Jan–Mar) has been the softest (-0.1% on average). The current quarter (Q4) has historically closed higher 56% of the time.
📊 Average return by quarter
Calendar quarters, close-to-close. Hover for hit rates.
🗓️ Quarter-by-quarter returns
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Avg | -0.1 | +23.1 | +13.7 | +19.3 |
| Up % | 67% | 90% | 50% | 56% |
| 2026 | +1.9 | +44.1 | -20.0 | +8.8 |
| 2025 | +2.9 | +51.7 | -26.3 | +29.0 |
| 2024 | +13.3 | +2.6 | +42.7 | +44.5 |
| 2023 | -20.9 | +41.2 | +113.3 | +71.1 |
| 2022 | +47.6 | -36.8 | +1.5 | -10.1 |
| 2021 | -7.8 | +57.7 | +36.7 | +55.8 |
| 2020 | -40.8 | +49.5 | +23.0 | +13.5 |
| 2019 | +2.0 | +0.4 | -8.0 | -11.1 |
| 2018 | +0.5 | +11.1 | -18.7 | -12.4 |
| 2017 | · | +9.8 | -6.9 | -6.9 |
🏆 Top 25 seasonal picks — Q4 2026
| # | Stock | Record | Win % | Avg return | So far |
|---|---|---|---|---|---|
| 1 | RHIM RHI MAGNESITA INDIA LIMITED | 13/14 yrs up | 93% | +14.0% | -3.8% |
| 2 | APOLLOHOSP Apollo Hospitals Enterprise Limited | 19/22 yrs up | 86% | +6.2% | -3.4% |
| 3 | RSYSTEMS R Systems International Limited | 17/20 yrs up | 85% | +24.7% | -6.6% |
| 4 | STAR Strides Pharma Science Limited | 18/22 yrs up | 82% | +6.3% | -6.7% |
| 5 | DRREDDY Dr. Reddy's Laboratories Limited | 18/22 yrs up | 82% | +4.5% | +0.0% |
| 6 | PROZONER Prozone Realty Limited | 12/14 yrs up | 86% | +19.8% | -3.9% |
| 7 | POLYMED Poly Medicure Limited | 12/14 yrs up | 86% | +9.2% | -4.8% |
| 8 | INDOTECH Indo Tech Transformers Limited | 16/20 yrs up | 80% | +23.2% | -3.8% |
| 9 | TI Tilaknagar Industries Limited | 13/16 yrs up | 81% | +22.7% | +2.0% |
| 10 | FIEMIND Fiem Industries Limited | 15/19 yrs up | 79% | +14.2% | +2.2% |
| 11 | BSOFT BIRLASOFT LIMITED | 17/22 yrs up | 77% | +21.8% | +17.1% |
| 12 | SONATSOFTW Sonata Software Limited | 17/22 yrs up | 77% | +20.2% | -4.0% |
| 13 | FACT Fertilizers and Chemicals Travancore Limited | 17/22 yrs up | 77% | +20.1% | -3.3% |
| 14 | TVSHLTD TVS Holdings Limited | 17/22 yrs up | 77% | +15.4% | -5.0% |
| 15 | APARINDS Apar Industries Limited | 17/22 yrs up | 77% | +15.1% | -7.8% |
| 16 | STYRENIX Styrenix Performance Materials Limited | 17/22 yrs up | 77% | +11.0% | +2.3% |
| 17 | EPL EPL Limited | 17/22 yrs up | 77% | +10.4% | -2.1% |
| 18 | TORNTPHARM Torrent Pharmaceuticals Limited | 17/22 yrs up | 77% | +8.5% | -5.0% |
| 19 | WIPRO Wipro Limited | 17/22 yrs up | 77% | +8.4% | +16.3% |
| 20 | HINDALCO Hindalco Industries Limited | 17/22 yrs up | 77% | +7.6% | -3.6% |
| 21 | VTL Vardhman Textiles Limited | 17/22 yrs up | 77% | +7.4% | -0.5% |
| 22 | HDFCBANK HDFC Bank Limited | 17/22 yrs up | 77% | +6.2% | +2.8% |
| 23 | COROMANDEL Coromandel International Limited | 17/22 yrs up | 77% | +5.9% | +0.0% |
| 24 | ASIANPAINT Asian Paints Limited | 17/22 yrs up | 77% | +4.3% | -2.9% |
| 25 | JPOLYINVST Jindal Poly Investment and Finance Company Limited | 10/12 yrs up | 83% | +34.9% | +2.1% |
“So far” = return in the current (incomplete) period. Full methodology and the
past-performance record of these lists: Seasonality hub →
❓ BSE seasonality — FAQ
How often does BSE Limited rise in October?
Historically BSE has closed October with a gain in 5 out of 9 years — a 56% hit rate — averaging +7.7% for the month (data since 2017).
Which is the best month to buy BSE Limited historically?
Based on 10 years of data, April has been BSE's strongest month: positive in 90% of years with an average return of +12.9%. Past seasonality does not guarantee future results.
Which is the weakest month for BSE Limited?
February has historically been the weakest month for BSE, with an average move of -6.4% and gains in just 2 of 9 years.
Which quarter is historically strongest for BSE Limited?
Q2 (Apr–Jun) — positive in 9 of 10 years with an average return of +23.1%.
Does seasonality guarantee future returns?
No. Seasonality is a historical tendency, not a prediction. It reflects how a stock happened to trade in past calendar periods and can break at any time. Use it as one research input alongside fundamentals and technicals, and consult a SEBI-registered adviser before investing.
Methodology: returns are close-to-close over calendar months and quarters, computed from adjusted daily prices since 2017. A period's return is only counted when the immediately preceding period also traded. Statistics cover completed periods; the current period is shown separately as “so far”. Seasonality is a historical tendency, not a prediction or investment advice. Consult a SEBI-registered adviser before investing.
