From mint · Pranati Deva · · 1m 10s
Diwali multibagger stocks surge 150% in Samvat 2082
Cupid and Sterlite Tech jumped 570% and 556% as 10 stocks soared over 150% in Samvat 2082.
In brief
Cupid and Sterlite Tech jumped 570% and 556% as 10 stocks soared over 150% in Samvat 2082. Ten Indian stocks gained over 150% in Samvat 2082 despite market declines. Originally reported by mint.
Market correction in Samvat 2082
Indian equities fell during Samvat 2082 amid foreign outflows, geopolitical tensions and higher crude prices.
Top multibagger stocks
Cupid and Sterlite Technologies led with returns of 570% and 556% respectively.
Other top performers
Sansera Engineering, HFCL, Welspun Corp, Aditya Infotech, Rubicon Research and MTAR Technologies gained 193% to 158%.
Market volatility
PL Capital described Samvat 2082 as one of the most volatile years with Nifty testing 22300 support twice in six months.
Economic context
The Indian economy retained its position as the fastest-growing large economy despite 13% deficient rainfall and high inflation.
Market outlook
Kotak Neo predicts Samvat 2083 offers long-term wealth creation opportunities through disciplined investing.
Author background
Pranati Deva is a Senior Sub Editor at LiveMint with over a decade of financial journalism experience.
Market performance summary
Ten Nifty 500 stocks surged over 150% while benchmark indices declined during Samvat 2082.
The takeaway
Ten Indian stocks gained over 150% in Samvat 2082 despite market declines.
