Top 7 multibagger defence stocks with up to 590% returns in 1 year: No. 1 PSU stock has turned Rs 2 lakh investment into Rs 12.86 lakh; how others have performed
Top multibagger defence stocks: Defence PSUs such as Cochin Shipyard, Mazagon Dock, Hindustan Aeronautics Limited (HAL), and private players like Solar Industries, and Garden Reach have made their investors richer through mutilbagger returns.
Top 7 multibagger defence stocks: With the government's focus on the defence sector and the Make in India project, many of the defence PSUs and private companies that manufacture defence goods have turned mutilbaggers. A lot of them are large-cap firms and have been performing well for over a year. Defence PSUs such as Cochin Shipyard, Mazagon Dock, Hindustan Aeronautics Limited (HAL), and private players like Solar Industries, and Garden Reach have made their investors richer through mutilbagger returns. Here, we take you through 7 such defence stocks that have turned multibaggers in 1 year. We will also tell you what Rs 2 lakh investment in each stock has turned into in 1 year.
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Cochin Shipyard
The PSU company that builds and repairs ships for the Indian Navy tops the chart with a 589.93 per cent return in just 1 year. The firm has a market capitalisation of Rs 58,260.55 crore, and its share closed trading on Wednesday (August 14, 2024) at Rs 2,215.55.
Cochin Shipyard
The BSE 500 company has turned a Rs 200,000 (Rs 2 lakh) investment into Rs 12,85,593 in just 1 year.
Garden Reach Shipbuilders & Engineers Ltd
The mid-cap firm that repairs and builds ships has seen growth of 198.75 per cent in its stock price in 1 year. It holds a market value of Rs 22,460.21 crore.
Garden Reach Shipbuilders & Engineers Ltd
Its stock closed trading on BSE on Wednesday at Rs 1,960.70.
A Rs 2 lakh investment in the stock has grown to Rs 5,97,501.
Mazagon Dock Shipbuilders
The large-cap PSU firm that builds and repairs ships for the Indian Navy has given 188.18 per cent in 1 year. The firm has a market value of Rs 1,00,542.47 crore.
Mazagon Dock Shipbuilders
Its stock closed trading on BSE on Wednesday at Rs 4,985.00. An investment of Rs 2 lakh in the company has grown to Rs 5,35,230.
Hindustan Aeronautics Limited (HAL)
The large-cap PSU that is into defence and aerospace is also one of the top defence stock gainers, with a rise of 148.87 per cent in 1 year. It holds a market value of Rs 3,11,739.43 crore, while its stock closed trading on Wednesday at Rs 4,661.35.
Hindustan Aeronautics Limited (HAL)
A Rs 2 lakh investment in the stock made a year ago is worth Rs 4,80,179 as of today's date.
Solar Industries
The large-cap firm that manufactures explosives for the Indian defence has given 144.22 per cent return in 1 year. It has a market value of Rs 91,982.69 crore.
Solar Industries
The large-cap stock closed trading on Wednesday at Rs 10,164.95. A Rs 2 lakh investment made in the company a year ago has turned into Rs 4,88,447.
Bharat Dynamics
The company that manufactures explosives for defence forces has given 133.27 per cent return in 1 year. The company has a market value of Rs 48,532.88 crore, while its stock closed trading on BSE on Wednesday (August 14, 2024) at Rs 1,324.00.
Bharat Dynamics
An investor with a Rs 2 lakh investment in the company made a year ago has Rs 4,70,794 as the value of their stock.
Bharat Electronics Limited (BEL)
The large-cap defence PSU stock has grown by 124.98 per cent in 1 year. It has a market value of Rs 2,14,615.11 crore.
Bharat Electronics Limited (BEL)
The stock of the firm closed trading on BSE on Wednesday at Rs 293.60. A Rs 2 lakh investment in the stock has converted into Rs 4,49,961 in 1 year.