Remarkable gains for the Indian stock market, select BSE-listed companies have delivered astronomical returns, turning modest investments into fortunes. While the BSE Sensex posted a steady 17% gain and the BSE SmallCap index surged by 39%, a handful of stocks outshone the broader market with staggering returns of up to 91,000%.
As 2024 draws to a close, let’s take a closer look at the top 10 market performers that have redefined wealth creation in just 12 months.
1. Sri Adhikari Brothers Television Network – 91,161% Return
Topping the list is Sri Adhikari Brothers Television Network, a leader in the entertainment industry. Its share price skyrocketed from Rs 2.4 to Rs 2,153.8, boosting its market cap from Rs 8 crore to an impressive Rs 5,465 crore. An investment of Rs 1 lakh in this stock a year ago would now be worth over Rs 9 crore.
2. Marsons – 2,763% Return
This electric equipment manufacturer saw its stock price soar from Rs 8.4 to Rs 241.1, reflecting a robust market demand. The company’s market capitalisation now stands at Rs 4,148 crore, making it a standout performer in its sector.
3. Bharat Global Developers – 2,441% Return
In the IT-software sector, Bharat Global Developers emerged as a shining star. Its stock surged from Rs 42.2 to Rs 1,073.5, catapulting its market cap to Rs 10,870 crore.
4. Eraaya Lifespaces – 1,935% Return
The auto ancillary industry also witnessed remarkable growth, with Eraaya Lifespaces leading the charge. Its share price jumped from Rs 8.8 to Rs 179.5, elevating its market capitalisation to Rs 3,393 crore.
5. Vantage Knowledge Academy – 1,823% Return
Operating in the educational institutions sector, Vantage Knowledge Academy delivered stellar returns. Its stock price rose from Rs 11.6 to Rs 222.9, increasing its market cap to Rs 2,537 crore.
6. Ashika Credit Capital – 1,675% Return
In the finance-NBFC sector, Ashika Credit Capital made waves with its share price climbing from Rs 48.4 to Rs 859.1. Its market cap now stands at Rs 2,164 crore.
7. Diamond Power Infrastructure – 1,238% Return
The cable industry had its moment in the spotlight with Diamond Power Infrastructure. Its stock rose from Rs 12.0 to Rs 159.9, pushing its market capitalisation to Rs 8,426 crore.
8. CIAN Agro Industries & Infrastructure – 1,061% Return
Specialising in edible oil, CIAN Agro Industries & Infrastructure delivered a strong performance, with its share price climbing from Rs 37.5 to Rs 434.9 and its market cap reaching Rs 1,217 crore.
9. TechNVision Ventures – 882% Return
Another standout in the IT-software sector, TechNVision Ventures, saw its stock price soar from Rs 358.0 to Rs 3,516.5. Its market cap now totals Rs 2,207 crore.
10. RDB Infrastructure and Power – 754% Return
Representing the real estate sector, RDB Infrastructure and Power posted an impressive return, with its share price rising from Rs 68.1 to Rs 581.0. Its market capitalisation has grown to Rs 1,004 crore.
Honorable Mention: Bondada Engineering – 741% Return
In the telecom infrastructure sector, Bondada Engineering posted robust growth. Its stock price climbed from Rs 82.1 to Rs 689.8, raising its market cap to Rs 7,451 crore.