A midcap stock surges up to 22,344% since last Ganesh Chaturthi; 32 others zoom up to 2,557%

As India celebrates Ganesh Chaturthi today, a peep into the past one year reveals 33 stocks which have delivered up to a whopping 22,344% returns since the last Ganapati Utsav. At the center of the attention is this midcap counter Elitecon International which is followed by two smallcaps viz. Kothari Industrial Corporation and Colab Platforms which have surged 2,557% and 981%, respectively, in this period.

Other multibaggers with over 200% returns are CIAN Agro Industries & Infrastructure (416%), NACL Industries (368%), Lucent Industries (203%) and Indo Thai Securities (202%).

Meanwhile Mangalore Chemicals & Fertilizers, ASM Technologies, Ceinsys Tech, Force Motors, CarTrade Tech, Paradeep Phosphates, AGI Infra, Apollo Micro Systems, JSW Holdings, SML Isuzu, 63 Moons Technologies, Frontier Springs, Tanfac Industries, Axiscades Technologies, Sika Interplant Systems, Lumax Auto Technologies, Gabriel India, Afcom Holdings, Camlin Fine Sciences, Shaily Engineering Plastics, One97 Communications (Paytm), Vimta Labs, Manaksia Coated Metals & Industries, Lloyds Enterprises, Cupid and Acutaas Chemicals which have risen by 180% to 101%.

All the stocks that have been taken into account have a market capitalization of Rs 1,500 or more.

The journey of these stocks assume importance given the headline index Nifty has fallen 0.6% since September 6, 2024 when last Ganesh Chaturthi was observed. On Tuesday, the 50-stock index settled at 24,712.05 down from 24,852.15 last time.

Since hitting a lifetime high of 26,277.35 on September 27, 2029, Nifty has had a roller coaster ride largely on the back of President Donald Trump’s re-election to the Oval office. Currently, the index is down 6% or 1,565 points from the peak.

Double-digit wonders

There are 265 stocks that have given double digit returns up to 98%. Zuari Agro Chemicals tops this list of stocks with double-digit returns. Other widely tracked stocks from the broader markets include Le Travenues Technology (Ixigo), Laurus Labs, Fortis Healthcare, Bharti Hexacom, Reliance Power, Anand Rathi Wealth, Dixon Technologies (India), Garden Reach Shipbuilders & Engineers (GRSE), HDFC Asset Management Company, Coforge, Bharat Electronics, Lemon Tree Hotels, Reliance Infrastructure, Interglobe Aviation, , Mazagon Dock Shipbuilders and Nazara Technologies.

There are 120 stocks which have given single-digit returns in this period.

In the Nifty pack, Eicher Motors, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Eternal, HDFC Bank, Maruti Suzuki India, ICICI Bank and Kotak Mahindra Bank were index outperformers with returns between 26% and 12%.

Nifty stocks with single-digit returns are HDFC Life Insurance Company, Bajaj Finserv, Tata Steel, Grasim Industries and State Bank Of India (SBI).

Laggards

There are 790 stocks that have yielded negative returns and in this around 600 stocks have seen their share price erode up to 76%. Major laggards include Protean e-Gov Technologies, Raymond, Aditya Birla Fashion and Retail, OLA Electric Mobility, Adani Green Energy, IndusInd Bank, Vodafone Idea, SpiceJet, REC and Indian Renewable Energy Development Agency (IREDA).

(Data Inputs from Ritesh Presswala)

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