Many of us trade stocks with the hope of getting huge returns that could change our financial situation.
Since last Independence Day, several stocks have soared to new heights, creating a wave of ‘crorepatis’—investors whose fortunes have multiplied significantly.
As we celebrate another year of independence, it’s time to highlight the standout stocks that have turned this dream into reality for numerous investors.
These stocks have turned diligent investors into crorepatis, delivering exceptional gains and proving that with the right choices, significant wealth creation is within reach.
Here’s a look at some stocks that have made investors crorepati since August 15, 2023:
Sri Adhikari Brothers Television Network leads the list with an increase of 30,759% in share price. From a modest Rs 1.45 on August 14, 2023, it has surged to Rs 447.45 by August 14, 2024, according to corporate database ACE Equity. Investors who had the foresight to invest in this stock a year ago are now reaping unimaginable profits.
Viceroy Hotels is another stock that has delivered impressive returns. Shares of the company have soared to Rs 118.24 from Rs 2.40 during the same period, showcasing substantial growth.
Shekhawati Industries also stands out in terms of wealth creation. The company’s shares have surged 1,627% to Rs 7.77 on August 13, 2024, from Rs 0.45 on August 14, 2023, reflecting remarkable gains.
Further data shows that shares of RBM Infracon, Sky Gold, Electrotherm (India), Sahana System, Websol Energy System, Kore Digital, and V2 Retail have also soared between 600-1,000% during the same period.
Looking ahead, several sectors are expected to deliver strong returns to investors in the long run. Vinod Nair, Head of Research at Geojit Financial Services, highlighted that manufacturing, electronics, IT and services, renewables, healthcare, e-commerce, infrastructure, real estate, agriculture, and consumption are likely to outperform the market in the future.
Other stocks that have seen significant increases include 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, all of which have soared more than 500% since last Independence Day.
According to Motilal Oswal Financial Services, key investment themes include industrials and capital expenditure, consumer discretionary, real estate, and PSU banks.
The brokerage recommends stocks like Indian Hotels, Ashok Leyland, Godrej Properties, KEI Industries, PNB Housing, Cello World, Kalyan Jewelers, Persistent Systems, Angel One, and Metro Brands for broader markets.
For large caps, they favour ICICI Bank, SBI, L&T, M&M, HCL Tech, Coal India, Titan, Mankind Pharma, Hindustan Unilever, and Hindalco.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)