Top Multibagger Stocks in the Nifty Indices: A Two-Year Performance Review

Nifty 50 Multibagger Companies

Over the past two years, the Nifty 50 index has seen significant gains from several companies, particularly in the auto sector. The top five multibagger stocks in this index are:

The auto sector has been a standout performer, with Mahindra & Mahindra Ltd., Bajaj Auto Ltd., and Tata Motors Ltd. leading the charge. Mahindra & Mahindra Ltd. has shown the highest return at 179.12%, underscoring the robust demand and strong market position. Coal India Ltd. from the mining sector and NTPC Ltd. from the power generation sector have also delivered impressive returns of 163.86% and 148.66%, respectively.

Nifty Midcap 50 Multibagger Companies

In the Nifty Midcap 50 index, capital goods sector stocks have been particularly prominent. The top five multibagger stocks are:

Bharat Heavy Electricals Ltd. has delivered an outstanding return of 501.13%, highlighting the resurgence in the capital goods sector. From the same sector, Suzlon Energy Ltd. followed closely with a 424.3% return, reflecting the growing emphasis on renewable energy. Cummins India Ltd. and Dixon Technologies (India) Ltd. have also shown strong performances, with returns of 271.68% and 166.16%, respectively. Lupin Ltd. from the pharma sector rounds out the list with a 163.76% return.

Nifty Smallcap 50 Multibagger Companies

The Nifty Smallcap 50 index features a diverse range of sectors among its top-performing stocks. The top five multibagger stocks in this index are:

Apar Industries Ltd. leads the smallcap pack with an extraordinary return of 1156.9%, showcasing its dominant position in the capital goods sector. NCC Ltd. and Ramkrishna Forgings Ltd. have also posted substantial gains of 345.55% and 343.8%, respectively. Karur Vysya Bank Ltd. from the banking sector and Exide Industries Ltd. from the auto ancillaries’ sector have demonstrated strong performances, with returns of 338.43% and 229.35%.

Conclusion

The past two years have seen impressive performances from a range of companies across the Nifty 50, Nifty Midcap 50, and Nifty Smallcap 50 indices. The auto sector’s dominance in the Nifty 50, the capital goods sector’s strength in the Nifty Midcap 50, and the diverse sectoral representation in the Nifty Smallcap 50 highlight the varied drivers of market growth. These multibagger stocks not only reflect robust stock price performance but also indicate strategic industry trends that investors may find valuable for future investment decisions. As these companies continue to grow and evolve, they represent compelling opportunities within the Indian stock market landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.