Seventy-seven stocks deliver multibagger returns despite market decline
Around 77 stocks with market capitalisation above Rs 1,000 crore saw returns of up to 4,700 per cent since last Diwali, according to The Economic Times.
Around 77 stocks with a market capitalisation of more than Rs 1,000 crore delivered multibagger returns of up to 4,700 per cent since last Diwali, even as the Sensex and Nifty fell by up to 13 per cent in 2026, according to The Economic Times.
Mrugesh Trading, which has a market cap of over Rs 5,200 crore, recorded a 4,657 per cent return since Diwali last year. Axis Solution followed with a jump of around 1,081 per cent, while Sterlite Technologies surged 650 per cent, taking its market cap beyond Rs 45,000 crore.
Other stocks that saw significant gains include Cupid at 527 per cent, and Sigma Advanced Systems and Hindusthan Insulators & Industries, which both rose more than 400 per cent. Bliss GVS Pharma, Kwality Pharmaceuticals and Zelio E-Mobility each jumped over 300 per cent.
Several companies, including Swan Defence and Heavy Industries, Ind-Swift Laboratories, and MTAR Technologies, saw surges between 200 and 260 per cent. Other stocks such as Spectrum Electrical Industries and Venus Remedies gained up to 200 per cent.
SBI Securities expects Indian equities to see a gradual recovery over Samvat 2083, provided crude oil prices pull back below $90 per barrel. The brokerage believes domestic equities may deliver better returns on the back of double-digit earnings growth and potential trade deals.