Indian equities are experiencing a significant uptrend. The BSE Sensex, the benchmark equity index, has surged by 50% from April 29, 2021, to April 29, 2024. In the same period, the broader market index BSE500 has shown a 66% return. Additionally, certain stocks have delivered impressive returns during this three-year timeframe.
According to data from ACE Equity, 10 stocks from the BSE 500 universe have seen gains of up to 4775% in three years. Here are the top 10 multibaggers on this list:
Lloyds Metals & Energy: This iron and steel manufacturing company has been the top gainer in the BSE 500 index, with its share price surging by 4775% to Rs. 716.65 on April 29, 2024, from Rs. 14.7 on April 29, 2021. The stock currently has a market capitalization of Rs. 36,209 crore and has seen a 122% increase in the last year.
Jupiter Wagons: The stock of this railway wagons manufacturing company has gained 2342% in three years, reaching Rs. 407.85 from Rs. 16.7. It currently has a market capitalization of Rs. 16,815 crore, with a one-year return of 286%.
Apar Industries: A capital goods sector company, Apar Industries has seen its share price surge by 1480% to Rs. 7,844.9 on April 29, 2024, from Rs. 496.5 three years ago. The stock’s market capitalization is now at Rs. 31,512 crore, with a 179% gain in the last 12 months.
BLS International Services: This professional services provider firm has experienced a 1444% gain, with its share price rising to Rs. 350 from Rs. 22.7 three years ago. The company currently has a market capitalization of Rs. 14,409 crore and has seen a 95% surge in the last year.
JBM Auto: An auto ancillary sector company, JBM Auto has witnessed a 1166% increase in its share price over three years, reaching Rs. 1,905.7 from Rs. 150.5. The stock’s latest market capitalization is Rs. 22,534 crore, with a one-year return of 138%.
Mazagon Dock Shipbuilders: This defense sector PSU stock has surged by 1078% in three years to Rs. 2,376 from Rs. 201.6, with a market valuation of Rs. 47,921 crore. The stock has gained 215% in the last 12 months.
Rail Vikas Nigam: The infrastructure PSU stock has shown a 956% surge to Rs. 288.8 from Rs. 27.4 in three years, with a market valuation of Rs. 60,215 crore. Rail Vikas Nigam has delivered a 168% return in the last year.
Other major gainers in the list include Suzlon Energy (883%), Hindustan Aeronautics (747%), and Usha Martin (731%) over the three-year period. It is noteworthy that three out of the top 10 performing stocks are PSUs. Capital goods and auto sector stocks dominate this list.
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