The Indian stock market experienced one of the biggest declines in its history in March 2020. From a peak of 42,270 in February 2020, the Sensex fell to 25,630 in March 2020. It saw a drop of 39% in just 40 days due to the pandemic. However, even after the crash, the market gained momentum. The BSE Sensex more than doubled and touched an all-time high of 62,245 in October 2021.
Low interest rates led to high liquidity, which propelled the rally despite slow economic growth, inflation and the threat of new COVID variants.
Many stocks have given returns of over 1,000 per cent during this rally. Here are the top five in it –
This is the top performing stock in today’s list. The stock has given a return of 1,864% in the last two years.
Saregama is one of the oldest and largest recording and publishing companies in India. It has a music library of over 1.3 lakh songs in 18 languages.
The company’s revenue has grown at a CAGR of 15.3% in the last five years. Its profits also grew at a CAGR of 67.3% during the same period.
This stock of Tata Group saw an increase of 5% even in a weak market, the stock reached a record high
Adani Total Gas’s number comes at number two. It is the largest gas distribution company in India.
The stock has given a return of 1,600% since the March 2020 crash.
Adani Total Gas’s standalone revenue has grown at a CAGR of 9.1% in the last five years. Its profits have also grown at a decent CAGR of 36.1% during the same period.
After this, the name of India’s largest renewable energy company comes in these 5 stocks, which is Adani Green Energy.
In the last 2 years, this stock has given returns of close to 1,459% to its investors.
Adani Green Energy’s revenue has grown at a CAGR of 41% in the last five years. This increase is on account of higher volumes achieved on account of improvement in power generation capacity. Its profits have also grown at a CAGR of 30% during the same period.
SPML Infra installed 5% upper circuit after getting Rs 1,157.08 crore work for Rajasthan Dam Project
Adani Enterprises is at number four in the list of top performing stocks.
The stock has gained 1,250% in the last two years.
Adani Enterprises’ revenue grew at a modest rate of 1.2% over the past five years due to the low growth of the Integrated Resource Management business. During this period, its profits saw a decline of 1.6%.
The last name in this list is that of Adani Transmission which is a power transmission and distribution company.
This stock has given a return of 1,250.6% in the last 2 years.
Over the last five years, its revenue has grown at a CAGR of 30.7% due to the growth in its transmission business. At the same time, its profits have also grown at a CAGR of 25.3% during the same period.
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