Legendary American investor Peter Lynch popularised the concept of tenbaggers, helping investors find stocks that could deliver more than 1,000% returns in the long run. While his search was mostly limited to Wall Street, Indian investors may not have to search far from home.
The Indian stock market has seen sharp upswings and downswings over the past five years, including a record bull run followed by a sharp consolidation. Benchmark index Nifty 50 has overall delivered 46% returns over five years, while Sensex gained 38%. Over the past one year, Dalal Street has seen strong downturns amid AI worries, rising oil prices and Middle East tensions, along with other factors.
However, some stocks continued to deliver stellar returns to its shareholders, proving that Peter Lynch’s tenbaggers not only exist on Wall Street but also ride the bulls of Dalal Street.
Tenbaggers on Dalal Street
GE Vernova T&D is the top gainer on the Nifty 500 index, skyrocketing a whopping 3,013% over the past five years. From a mere Rs 134 apiece market price at which the stock was trading in August, 2021, the stock has soared multifold to the current level around Rs 4,180 apiece.
BSE shares followed, rallying 2,686% over the past five years. Apar Industries, TARIL, Zen Technologies and Mazagon Dock Shipbuilders shares also recorded over 2,000% gains over the past five years.
Welspun Corp, PG Electroplast, Hitachi Energy, Cemindia Projects, Neuland Laboratories, Himadri Speciality Chemical, HBL Engineering, Chennai Petroleum Corporation, GRSE, Force Motors, Adani Power, Solar Industries and MCX shares were the other tenbaggers, rising 1,000% to 2,000% over the past five years to deliver stellar returns to their shareholders.
