- Date : 08/10/2022
- Read: 3 mins
9 multibaggers since Dussehra 2021
Dussehra 2022 has just gone by, and the stock market has been on a roller-coaster ride since Dussehra 2021. The stock market recorded record-breaking highs over the last year, juxtaposed with yearly lows too. The benchmark indices were in the red as the BSE500 index fell by 5% between 15th October 2021 and 5th October 2022.
Reason for the fall
After record highs, the stock market fell in the last year and corrected itself several times. The reasons were as follows –
- Valuation concerns.
- Tightening of the monetary policy by the central banks of different countries to curb inflation. This led to fears of a recession in the US and Europe markets, causing the Indian stock market to fall too.
- Increase in the prices of oil.
- The Russia-Ukraine war created geopolitical uncertainty.
Performance of the BSE500 index
As mentioned earlier, the BSE500 index fell by 5% over the last year as most of its stocks delivered negative returns. However, 180 stocks fared in the green delivering returns to shareholders. Among these 180 stocks, nine emerged to be multibaggers as they bagged triple-digit returns in the one-year period.
Top 9 multibaggers since Dussehra 2021
The top nine multibaggers that emerged winners since Dussehra 2021 are as follows –
Related – Find out the multibagger SME IPOs of 2022
Other gainers in the BSE500 Index
Besides the top nine performers, other companies also posted strong positive stock price growth. The next 30 stocks gave returns ranging from 50% to 97%. The top performers include the following names –
- Adani Enterprises
- Adani Transmissions
- KPIT Technologies
- Tata Teleservices (Maharashtra)
- Gujarat Fluorochemicals
- Shree Renuka Sugars
- Latent View Analytics
- TVS Motor Company
- Varun Beverages
- Welspun Corp
- Adani Green Energy
- Asahi India Glass
- Mahindra Lifespace Developers
- Devyani International
- ABB India
- Timken India
- Lemon Tree Hotels
- Hindustan Aeronautics
- Thermax
- Triveni Turbines
- KSB
- Indian Hotels Company
- Bank of Baroda
- Minda Corporation
- Esab India
Performance of sector-wise indices
If the different sectors are considered, each sector witnessed a different performance. Have a look –
The bottom line
The right choice of stocks can yield attractive returns, especially if you choose the multibagger ones. The BSE index gave several multibaggers in the last year, and the bull run is expected to continue as companies are recovering after the pandemic and are on a growth trajectory. So, pick the right stocks for your portfolio to get the maximum possible returns on your investments.
Related - Know the basics of the stock market for profitable investing
Dussehra 2022 has just gone by, and the stock market has been on a roller-coaster ride since Dussehra 2021. The stock market recorded record-breaking highs over the last year, juxtaposed with yearly lows too. The benchmark indices were in the red as the BSE500 index fell by 5% between 15th October 2021 and 5th October 2022.
Reason for the fall
After record highs, the stock market fell in the last year and corrected itself several times. The reasons were as follows –
- Valuation concerns.
- Tightening of the monetary policy by the central banks of different countries to curb inflation. This led to fears of a recession in the US and Europe markets, causing the Indian stock market to fall too.
- Increase in the prices of oil.
- The Russia-Ukraine war created geopolitical uncertainty.
Performance of the BSE500 index
As mentioned earlier, the BSE500 index fell by 5% over the last year as most of its stocks delivered negative returns. However, 180 stocks fared in the green delivering returns to shareholders. Among these 180 stocks, nine emerged to be multibaggers as they bagged triple-digit returns in the one-year period.
Top 9 multibaggers since Dussehra 2021
The top nine multibaggers that emerged winners since Dussehra 2021 are as follows –
Related – Find out the multibagger SME IPOs of 2022
Other gainers in the BSE500 Index
Besides the top nine performers, other companies also posted strong positive stock price growth. The next 30 stocks gave returns ranging from 50% to 97%. The top performers include the following names –
- Adani Enterprises
- Adani Transmissions
- KPIT Technologies
- Tata Teleservices (Maharashtra)
- Gujarat Fluorochemicals
- Shree Renuka Sugars
- Latent View Analytics
- TVS Motor Company
- Varun Beverages
- Welspun Corp
- Adani Green Energy
- Asahi India Glass
- Mahindra Lifespace Developers
- Devyani International
- ABB India
- Timken India
- Lemon Tree Hotels
- Hindustan Aeronautics
- Thermax
- Triveni Turbines
- KSB
- Indian Hotels Company
- Bank of Baroda
- Minda Corporation
- Esab India
Performance of sector-wise indices
If the different sectors are considered, each sector witnessed a different performance. Have a look –
The bottom line
The right choice of stocks can yield attractive returns, especially if you choose the multibagger ones. The BSE index gave several multibaggers in the last year, and the bull run is expected to continue as companies are recovering after the pandemic and are on a growth trajectory. So, pick the right stocks for your portfolio to get the maximum possible returns on your investments.
Related - Know the basics of the stock market for profitable investing
