Diwali 2023 to Diwali 2024 stock market performance: Check multibagger stocks that delivered up to 248% return
In Samvat 2080, Nifty delivered double-digit gains of over 26 per cent, with the Nifty PSE index topping the chart despite the recent sharp correction.
Since last Diwali which was celebrated on November 12, 2023, the headline Nifty index so far has risen by a sharp over 26 per cent. And as we are set to usher in a new Samvat 2081 this Diwali, here's a look at how stock markets fared:
Trent- new entrant in bluechip Nifty index delivered multibagger returns
Tata group's retail stock was included in the Nifty 50 index on September 30, 2024. Since last Diwali, the stock has galloped as much as 201 per cent. At the time of writing this copy, the stock was up marginally at Rs 7,509.
Other notable Nifty gainers since last Diwali
Bajaj Auto, Bharat Electronics and Mahindra & Mahindra were the other major gainers with returns up to
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Gainers |
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Bajaj Auto +97% |
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BEL +94.3% |
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M&M 87.2% |
IndusInd Bank led losers list
Private sector banking major during the review period fell as much as 15 per cent. The stock's last traded price was Rs 1,274.6 per share.
Bajaj Finance among other top Nifty losers since last Diwali
Other top losers from the bluechip Nifty index are Bajaj Finance, Nestle India and Asian Paints which have tumbled between 2-5 per cent during the review period.
Nifty PSE index topped
As per Zee Business research inputs, during the review period the Nifty PSE index zoomed 63 per cent, with Oil India, Hindustan Aeronautics and HPCL delivering multibagger returns of up to 150 per cent.
Broader markets also posted double-digit gains
Nifty Midcap 100 index also reportedly gained 39 per cent during the review period, with the recent debutant IREDA leading- with gains of as much as 232 per cent. Other notable gainers from the basket which rewarded handsomely are Dixon Technologies, RVNL and Oracle Financial Services.
Nifty Smallcap also buzzed
During the period under study, Nifty Smallcap index also buzzed and gained 37 per cent. Some of the stocks that were the top performers and delivered multibagger returns from the basket included stocks like Inox Wind, NALCO, MCX and Aditya Birla Real Estate. The returns from each of the stock are as specified below:
INOXWIND +248%
MCX +160%
Nalco +148%
Aditya birla real estate +142%
Other multibaggers across sectors
During this phase of double-digit gains for the Nifty, stocks like Hindustan Copper, Samvardhana Motherson, Glenmark Pharma and Sobha too delivered multibagger returns.