Since the last Independence Day, the stock market has witnessed remarkable growth, creating a wave of 'crorepatis'—investors whose fortunes have surged significantly. This period has been particularly lucrative for those who made strategic investments in the right stocks. As we celebrate another year of independence, it's an opportune moment to spotlight some of the standout stocks that have delivered exceptional returns.
One of the most impressive performers is Sri Adhikari Brothers Television Network, which has seen an astronomical return of 30,759%. The stock, which was trading at just Rs 1.45 on August 14, 2023, has surged to Rs 447.45 by August 14, 2024, according to corporate database ACE Equity. Investors who had the foresight to buy into this stock a year ago have seen their investments multiply beyond imagination.
Viceroy Hotels is another notable stock that has delivered remarkable gains. The company’s share price has skyrocketed from Rs 2.40 to Rs 118.24 during the same period, reflecting significant appreciation and highlighting the potential for wealth creation in the stock market.
Shekhawati Industries also stands out with a substantial 1,627% increase in its share price. From Rs 0.45 on August 14, 2023, the stock has surged to Rs 7.77 by August 13, 2024, demonstrating impressive growth.
Additional data reveals that stocks such as RBM Infracon, Sky Gold, Electrotherm (India), Sahana System, Websol Energy System, Kore Digital, and V2 Retail have also experienced substantial increases, ranging from 600% to nearly 1,000% over the same period.
Looking ahead, several sectors are expected to offer strong returns for investors in the long run. Vinod Nair, Head of Research at Geojit Financial Services, emphasizes that manufacturing, electronics, IT and services, renewables, healthcare, e-commerce, infrastructure, real estate, agriculture, and consumption are poised to outperform the market in the coming years.
In addition to the aforementioned stocks, several others have also seen significant growth. Oriana Power, Macpower CNC Machines, RS Software (India), Unitech, Shakti Pumps (India), Gayatri Rubbers and Chemicals, Zodiac Energy, Crown Lifters, Wonder Electricals, Network People Services Technologies, Cochin Shipyard, Transformers & Rectifiers (India), Cupid, and S&S Power Switchgear have all soared by more than 500% since last Independence Day.
Motilal Oswal Financial Services identifies several key investment themes for the future, including industrials and capital expenditure, consumer discretionary, real estate, and PSU banks. The brokerage recommends a diverse set of stocks for broader market exposure, such as Indian Hotels, Ashok Leyland, Godrej Properties, KEI Industries, PNB Housing, Cello World, Kalyan Jewelers, Persistent Systems, Angel One, and Metro Brands.
For large-cap investments, they suggest focusing on ICICI Bank, SBI, L&T, M&M, HCL Tech, Coal India, Titan, Mankind Pharma, Hindustan Unilever, and Hindalco, all of which are expected to perform well and provide substantial returns in the future.
This period of heightened stock market activity underscores the potential for significant wealth creation and highlights the importance of making informed investment decisions. As always, investors should conduct thorough research and consider their financial goals and risk tolerance before making investment choices.
