Broader markets down 5% in the last year, but these four stocks soared over 90%; check details

Indian markets remain subdued for nearly after year after posting record high levels in September last year. The high underperformance over its global peers can be attributed to multiple factors, including weak earnings momentum, relentless FII selling and lofty valuations. The NIFTY50 currently trades 3.3% lower, while the SENSEX at 3.7% lower from the levels touched last year on 23rd September. While broader market indices like NIFTY500 are trading nearly 5% lower than last year. Despite the broader weakness, some stocks carved out a different path for themselves by outperforming the index as well as other index participants.

Here are the top four stocks that nearly doubled in the last year

JSW Holdings

JSW Holdings is a core investment company (CIC) with a primary business of investing and financing. Its core business income arises from interest income and dividend income. The company holds stakes in the majority of the JSW group companies, like JSW Steel, JSW Infrastructure. The company’s share price has more than doubled in the last year, from ₹9072 apiece in September 2024 to ₹18,857 on 24th September 2025. The company’s current market value of its portfolio company stood at ₹21,364 crore.

Syrma SGS Technologies

Shares of Syyrma SGS Technologies rallied over 95% in the last year amid broader weakness in the market. The company is a leading engineering and design company engaged in the electronic manufacturing services (EMS) sector. In the trailing twelve months period, the company’s profit has grown by 104% and shares have rallied over 90% in the same period. In the past two years company’s revenue was up 25%, EBITDA up 50% and profit after tax up 32%. In the latest quarterly results, the company’s operational performance improved substantially, with EBITDA growing at 75% with margin expansion of over 500 bps to 10% from 5% in Q1FY25.

GE Vernova T&D India

GE T&D is the listed entity of GE’s Grid Solutions business in India, which is in the power distribution business for more than 100 years. As of Q1FY26, the company’s total order intake stood at ₹1,620 crore, up 57% YoY from ₹1,020 crore. The company’s revenue for the quarter stood at ₹1,330 crore, up 39% YoY, and holds an order backlog of ₹12960 crore. Following the robust order intake and strong order backlog, the shares witnessed strong investor interest in the last year, which led to over 94% rally in share price.

Laurus Labs

Shares of this pharmaceutical company came out of the woods after years of underperformance. In the last year, the shares have rallied by over 93% as investors turned over its CDMO business, which is expected to grow at a 14% CAGR in the next 3 years. In addition, the company’s total revenue from the CDMO category grew by 130% YoY to ₹493 crore. The total income rose by 31% YoY to ₹1,570 crore. Over the past trailing twelve month period, the company’s net profit has jumped over 243% and the shares have rallied over 90%.