These five stocks in NIFTY500 gave up to 1,087% return in 1 year

The NIFTY 500 index which comprises top 500 companies in terms of full market capitalisation and average daily turnover has gained more than 38% in the past year amid a broader market rally.

The NIFTY 500 index has beaten the benchmark NIFTY50 in terms of returns in the past year as the key index comprising the top 50 companies listed on the NSE has risen around 25%.

An analysis of past year returns of the NIFTY 500 constituents shows that some of the companies have given multibagger returns of as high as 1,100%.

Here are the top five NIFTY500 companies with subtantial gains in the past one year.

Jai Balaji Industries (Stock price: ₹926, Return: 1,087%)

The company looks to boost margins by focusing on revenue growth from ductile iron pipes and specialised ferroalloys, implementing cost-cutting strategies, increasing operational efficiencies, and achieving a net debt surplus within the next five quarters.

In the last one year the stock has surged more than 12 times to ₹926.55 apiece. Shares of the company were trading at ₹78 apiece on July 4, 2023.

Cochin Shipyard (Stock price: ₹2,679, Return: 860%)

In the past year, the shipbuilder has bagged high-value orders from domestic and foreign customers, which aided the rally in its share price. As of December 31, 2023, Cochin Shipyard has a total order book position of ₹21,400 crore, and around 9,000 crore shipbuilding orders are in the pipeline. FIIs recently raised their stake in Cochin Shipyard, which also boosted the stock price.

The company went for a share split, lowering the face value of equity shares to ₹5 from ₹10 each in January 2024. The stock was trading at ₹279 per share on the NSE on July 3, 2023 (after the stock split). The stock has zoomed to ₹2,679 apiece.

HUDCO (Stock price: ₹325, Return: 462%)

HUDCO also committed an investment of ₹14,500 crore in housing and urban infrastructure sectors in Gujarat.

The housing sector stock was trading at ₹57.8 level on the NSE on July 4, 2023. It has now surged to ₹325 per piece as of July 4, 2024.

IRFC (Stock price: ₹177, Return: 436%)

Anand Rathi Wealth (Stock price: ₹3,899, Return: 348%)

The company announced a share buyback of 3.7 lakh shares at ₹4,450 per share in April this year to reward its shareholders.

In addition to these top five NIFTY 500 performers, NBCC India, Garden Reach Shipbuilders and Jupiter Wagons Ltd posted multibagger returns of around 300% in the past year. More than 20 NIFTY 500 stocks have given returns of around 200% in the past year.