📅 PNB Gilts Limited Seasonality
PNB Gilts Limited (PNBGILTS) has ended October higher in 9 of the last 22 years (41%), with an average October move of +0.6%. The strongest October was 2016 (+44.4%) and the weakest was 2007 (-14.1%).
PNBGILTS · data since 2004 (23 yrs)
Prices through 16 Oct 2026
9/22
Octobers closed higher
+0.6%
Avg October move
-1.2%
October so far
April
Best month · avg +6.8%
March
Weakest month · avg -4.1%
23
Years of history
Current month: October 2026
historically up 41% of years (9/22)
avg +0.6%
best 2016 +44.4%
worst 2007 -14.1%
so far -1.2%
PNB Gilts Limited's historically strongest month is April — up in 19 of 23 years (83%) with an average gain of +6.8%. The weakest month has been March, averaging -4.1% with gains in only 6 of 23 years.
📊 Average return by month
Bars above the zero line are months PNBGILTS typically gained; hover for hit rates.
🗓️ Month-by-month returns (2004–2026)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +1.2 | -4.0 | -4.1 | +6.8 | -0.1 | +3.3 | +3.2 | -0.4 | +3.1 | +0.6 | +4.7 | +3.8 |
| Up % | 45% | 26% | 26% | 83% | 43% | 52% | 61% | 43% | 48% | 41% | 59% | 59% |
| 2026 | -2.3 | +1.0 | -26.0 | +19.3 | +11.7 | +17.1 | -8.4 | -8.9 | -3.9 | -1.2 | · | · |
| 2025 | -9.3 | -19.3 | +1.3 | +22.2 | -0.4 | +1.6 | +7.7 | -10.1 | -0.2 | -4.4 | -8.9 | -3.3 |
| 2024 | +21.0 | -6.1 | -0.6 | +0.6 | -8.0 | +43.0 | -9.4 | -1.6 | -4.4 | -4.8 | -0.7 | -7.1 |
| 2023 | -1.6 | -5.1 | -4.2 | +4.6 | +0.3 | +2.2 | +6.8 | -3.8 | +26.4 | +8.5 | +8.9 | +3.2 |
| 2022 | +8.1 | -15.9 | -2.1 | +5.3 | +0.4 | -1.4 | +4.3 | -1.6 | -2.9 | -1.7 | +3.5 | +1.6 |
| 2021 | -0.9 | +22.8 | -10.2 | +8.2 | +21.3 | +17.3 | -2.6 | -2.6 | -3.7 | -4.2 | -1.2 | +4.6 |
| 2020 | -1.9 | +4.2 | -17.0 | +16.5 | -6.3 | +38.0 | +18.8 | +7.9 | -13.8 | -4.4 | +10.5 | +4.4 |
| 2019 | -16.0 | +0.0 | +7.4 | -5.0 | +10.7 | +1.6 | +6.7 | -11.7 | +1.2 | -12.4 | -0.2 | -0.7 |
| 2018 | +38.3 | -14.6 | -6.0 | +10.1 | -13.9 | -12.3 | -4.5 | +15.1 | -16.3 | +6.0 | +9.1 | +15.5 |
| 2017 | +21.2 | -2.0 | -2.3 | -0.2 | -10.7 | +3.3 | +13.0 | +0.3 | -11.1 | +10.1 | -9.7 | +1.1 |
| 2016 | -8.1 | -3.1 | +6.5 | -2.8 | -5.7 | +8.9 | +3.8 | +8.0 | -5.9 | +44.4 | +44.6 | -14.3 |
| 2015 | +16.6 | +0.8 | -9.6 | +1.5 | +0.0 | -9.7 | +9.8 | -9.3 | +2.9 | -1.7 | +0.2 | +1.3 |
| 2014 | +0.6 | +0.0 | +5.9 | +7.9 | +13.2 | +8.8 | -7.5 | +5.5 | +2.3 | +13.7 | +15.5 | -1.7 |
| 2013 | -0.9 | -7.1 | -3.5 | +5.7 | +4.9 | -9.8 | +3.5 | -9.7 | -5.1 | +1.9 | -0.9 | +0.3 |
| 2012 | +4.9 | +3.2 | -0.4 | +17.6 | -18.3 | +9.2 | +1.0 | -3.8 | +2.4 | -0.2 | +5.5 | +3.3 |
| 2011 | -16.6 | -2.1 | +0.6 | +11.3 | -1.3 | -1.0 | +4.3 | -7.6 | +1.7 | +3.1 | -4.0 | -0.2 |
| 2010 | -8.5 | -6.4 | -8.4 | +15.6 | -2.1 | -2.1 | -3.5 | -2.4 | +71.2 | -12.5 | -14.5 | -7.1 |
| 2009 | +0.2 | -5.5 | -5.8 | +8.3 | +26.1 | -8.7 | +7.8 | +0.8 | +17.2 | +1.6 | +3.3 | +2.0 |
| 2008 | -23.6 | -13.9 | -5.9 | +5.4 | -10.4 | -25.2 | +27.7 | +7.0 | -24.8 | -7.9 | -7.4 | +28.7 |
| 2007 | +3.0 | -8.7 | -3.7 | +5.5 | +2.3 | +7.1 | -6.7 | +7.7 | +35.8 | -14.1 | +29.1 | +42.0 |
| 2006 | +12.0 | -4.4 | -5.6 | +2.3 | -6.7 | -8.8 | -7.9 | +8.0 | +11.8 | +9.0 | +7.8 | -9.7 |
| 2005 | -10.1 | +2.5 | -8.0 | -7.4 | +2.0 | -0.8 | +13.5 | +13.9 | -10.5 | -7.5 | +6.8 | -1.2 |
| 2004 | · | -11.2 | +3.4 | +4.9 | -10.7 | -1.3 | -5.3 | -9.0 | +1.3 | -10.0 | +5.7 | +20.8 |
🏆 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 64% of years (14/22)
avg +9.4%
so far -1.2%
By quarter, Q2 (Apr–Jun) has been the strongest for PNBGILTS: up in 14 of 23 years, averaging +10.6%. Q1 (Jan–Mar) has been the softest (-7.2% on average). The current quarter (Q4) has historically closed higher 64% 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 | -7.2 | +10.6 | +5.1 | +9.4 |
| Up % | 36% | 61% | 48% | 64% |
| 2026 | -27.0 | +56.0 | -19.8 | -1.2 |
| 2025 | -25.9 | +23.6 | -3.3 | -15.8 |
| 2024 | +12.9 | +32.4 | -14.8 | -12.1 |
| 2023 | -10.6 | +7.3 | +29.8 | +21.9 |
| 2022 | -11.0 | +4.2 | -0.4 | +3.4 |
| 2021 | +9.3 | +54.1 | -8.7 | -1.0 |
| 2020 | -15.2 | +50.7 | +10.5 | +10.3 |
| 2019 | -9.8 | +6.9 | -4.5 | -13.2 |
| 2018 | +11.0 | -16.9 | -8.0 | +33.6 |
| 2017 | +16.1 | -7.9 | +0.7 | +0.5 |
| 2016 | -5.1 | -0.2 | +5.5 | +78.9 |
| 2015 | +6.2 | -8.3 | +2.5 | -0.2 |
| 2014 | +6.5 | +32.9 | -0.1 | +29.0 |
| 2013 | -11.1 | -0.1 | -11.3 | +1.3 |
| 2012 | +7.8 | +4.9 | -0.6 | +8.8 |
| 2011 | -17.8 | +8.7 | -2.0 | -1.3 |
| 2010 | -21.6 | +10.8 | +61.1 | -30.5 |
| 2009 | -10.8 | +24.7 | +27.3 | +7.0 |
| 2008 | -38.1 | -29.4 | +2.7 | +9.7 |
| 2007 | -9.5 | +15.7 | +36.4 | +57.4 |
| 2006 | +1.1 | -13.0 | +11.2 | +6.1 |
| 2005 | -15.2 | -6.3 | +15.8 | -2.4 |
| 2004 | · | -7.5 | -12.7 | +14.9 |
🏆 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 →
❓ PNBGILTS seasonality — FAQ
How often does PNB Gilts Limited rise in October?
Historically PNBGILTS has closed October with a gain in 9 out of 22 years — a 41% hit rate — averaging +0.6% for the month (data since 2004).
Which is the best month to buy PNB Gilts Limited historically?
Based on 23 years of data, April has been PNBGILTS's strongest month: positive in 83% of years with an average return of +6.8%. Past seasonality does not guarantee future results.
Which is the weakest month for PNB Gilts Limited?
March has historically been the weakest month for PNBGILTS, with an average move of -4.1% and gains in just 6 of 23 years.
Which quarter is historically strongest for PNB Gilts Limited?
Q2 (Apr–Jun) — positive in 14 of 23 years with an average return of +10.6%.
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 2004. 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.
