This midcap stock surged up to 22,344% since last Ganesh Chaturthi; 32 others rose up to 2,557%

As India celebrates Ganesh Chaturthi today, a look back at the past year shows 33 stocks delivering up to 22,000% returns since the last Ganapati Utsav. Topping the list is midcap Elitecon International with a staggering 22,344% gain, followed by smallcaps Kothari Industrial Corporation and Colab Platforms, which surged 2,557% and 981%, respectively.

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

Meanwhile, several mid and smallcap names such as 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 have surged between 101% and 180%.Other names in this list are: 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.

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

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

Since hitting a lifetime high of 26,277.35 on September 27, 2024, 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.

Also Read: Ganesh Chaturthi picks: Eternal, Dmart and Eicher Motors are stocks to buy with potential upside of 16%

Double-digit wonders

A total of 265 stocks have given double-digit returns up to 98% with Zuari Agro Chemicals topping this list. 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.

Furthermore, 120 stocks have given single-digit returns during this period.

From 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

In contrast, 790 stocks have yielded negative returns, and of these, around 600 stocks saw 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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