Prime Minister Narendra Modi marks his ninth year in office on May 26, 2023. As the PM Modi-led NDA government completes its nine-year stint, take a look at 5 stocks that have rallied up to 12,000% in the last nine years
The Indian share market has rallied significantly during the last 9 years of the Modi government. Benchmark Nifty50 has rallied over 150% in this period, rising from 7,229 on May 30, 2014, to 18,431 on May 26, 2023.
Shares of cloud solutions provider Tanla Platforms have given a staggering 12,784% returns in the past 9 years. From being a penny stock priced at around Rs 5.6 on May 30, 2014, it has risen to current share price of around Rs 727 on May 26, 2023
Tanla Platforms shares have jumped more than 2,000% in the last five years. The stock has a Debt to Equity Ratio of zero as the company is debt-free. Its Return on Equity(ROE) for FY23 was 29.5%, more than 20% in FY22, indicating an efficient use of shareholder's capital to generate profit
Shares of wires and cables manufacturer KEI Industries have given a staggering 7,920% returns in the past 9 years. From being a cheap stock priced at around Rs 25 on May 30, 2014, it has rallied to current share price of around Rs 2,005 on May 26, 2023
KEI Industries shares have jumped more than 200% in the last five years. The stock has a healthy Debt to Equity Ratio of 0.1, implying that its assets are financed mainly through equity. Its Return on Equity (ROE) for the last financial year was 18.4%, in the normal range of 10% to 20%
Shares of auto components manufacturer Uno Minda have given 7,685% returns in the past 9 years. From being a penny stock priced at around Rs 7 on May 30, 2014, it has risen to current share price of around Rs 545 on May 26, 2023
UNO Minda shares have jumped more than 164% in the last five years. The stock has a healthy Debt to Equity Ratio of of 0.3, implying that its assets are financed mainly through equity. Its Return on Equity (ROE) for the last financial year was 15.7%, in the normal range of 10% to 20%
Shares of composite polymer insulators and electrical buses manufacturer Olectra Greentech have surged 6,850% returns in the past 9 years. From being a penny stock priced at around Rs 10 on May 30, 2014, it has rallied to current share price of around Rs 695 on May 26, 2023
Olectra Greentech shares have jumped more than 354% in the last five years. The stock has a healthy Debt to Equity Ratio of 0.2, implying that its assets are financed mainly through equity. Its Return on Equity(ROE) for FY23 was 8%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit, as per Trendlyne
Shares of Navin Fluorine International have given staggering 5,518% returns in the past 9 years. From being priced at around Rs 82 on May 30, 2014, the stock has risen to current share price of around Rs 4,607 on May 26, 2023
Navin Fluorine International shares have jumped more than 577% in the last five years. The stock has a healthy Debt to Equity Ratio of of 0.4, implying that that its assets are financed mainly through equity. Its Return on Equity(ROE) for the last financial year was 17.2%, in the normal range of 10% to 20%
Some other multibagger stocks that have rallied in the 3,000-4,700% range in the last 9 years include APL Apollo Tubes, Balaji Amines, JBM Auto, KPR Mill, Garware Technical Fibres, Bajaj Finance and Alkyl Amines Chemicals
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