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These five stocks in BSE 500 gave up to 2,236% return in 3 years

Upstox
By Upstox News Desk

5 min read | Updated on July 11, 2024, 16:03 IST

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SUMMARY

A few stocks among the BSE 500 constituents have surged more than 2,000% in the past three years, giving investors multifold returns. The index has gained over 68% in the past three years, beating the benchmark SENSEX, which has given returns of around 50% in the period.

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Titagarh Rail Systems to Apar Industries: 5 BSE 500 stocks give over 2,000% returns in three years

Titagarh Rail Systems to Apar Industries: 5 BSE 500 stocks give over 2,000% returns in three years

Stock markets are witnessing upward momentum with benchmark indices, NIFTY and SENSEX, hitting record highs in the past few months. The rally in key indices has been witnessed amid rising stock prices of companies across major sectors. An analysis of the stock price of the BSE 500 companies shows that the investors have received multifold returns during the past three years.

The BSE 500 index, representing constituents from all 20 major economic sectors, has gained over 68% in the past three years, beating the benchmark SENSEX, which has given returns of around 50% during the same period.

The BSE 500 index comprises the top 500 companies listed on the BSE and represents around 93% of the market capitalisation of all the companies listed on the bourse.

According to BSE analytics data, during the three-year period from July 9, 2021, to July 10, 2024, a few stocks among the BSE 500 constituents surged more than 2,000%, giving investors multifold returns.

Here is the list of the top five BSE 500 stocks that have given significant returns in the last three years.

Titagarh Rail Systems (Stock price: ₹1,733, Return: 2,236%)

Leading passenger and freight rolling stock manufacturer Titagarh Rail Systems has given returns of 2236% in the past three years. The company has gained from a consistent flow of orders from Indian Railways. The company’s order as of March quarter of FY24 was ₹14,750 crore. Meanwhile, its share of the order book in the joint ventures stood at ₹13,326 crore

In the previous 2022-23 fiscal, the company in consortium with Bharat Heavy Electricals Limited (BHEL) emerged as the second Lowest Bidder (L2) for “Manufacturing cum Maintenance of Vande Bharat Trainsets including Up-gradation of the Government Manufacturing Units and Trainset Depots.

Share prices have zoomed from around ₹72 per piece in July 2021 to ₹1,733.5 apiece as of July 10.

Mazagon Dock Shipbuilders (Stock price: ₹5,358, Return: 2,069%)

The defence PSU has given returns of 2,069% in the past three years. The company is a leading manufacturer of warships and submarines for the Indian Navy. It also produces offshore platforms and associated support vessels. The company has built five boats and five submarines for the Indian Navy. Its order book was at ₹38,755 crore at the end of March 31, 2023. Order flows and consistent financial performance amid the government’s focus on the Make in India initiative have boosted the shares.

The stock has risen from nearly ₹247 per share in July 2021 to ₹5,358 per share as of July 10, 2024.

Also Read: Five NIFTY500 stocks gave up to 1,087% return in 1 year

Rail Vikas Nigam Ltd. (Stock price: ₹609.9, Return: 1,800%)

Rail Vikas Nigam Ltd has given returns of around 1,800% in the past three as the government launched key initiatives like new rail lines and modernisation of railway infrastructure. The construction arm of the Railways Ministry has reported a consistent rise in its turnover and profit after tax in the past three years on order flows. The company had commissioned 15,534.27 km of railway infrastructure in FY2023.

The company's shares gained from ₹32.1 per share in July 2021 to ₹609 per share as of July 10, 2024.

Jupiter Wagons (Stock price: ₹687.8, Return: 1,654%)

Kolkata-based rail freight and passenger wagons and wagon coach parts manufacturer Jupiter Wagons Ltd has given returns of 1654% in the past three years. The company has seen robust demand from both the public and private sectors in the past few years. Over recent years, there has been a notable increase in government funding directed towards the railway sector, accompanied by a marked rise in actual spending which boosted the company’s financial profile.

Shares of Jupiter Wagons have rallied from around ₹39.2 in July 2021 to ₹687.8 apiece as of July 10, 2024.

Apar Industries (Stock price: ₹8684, Return: 1,512%)

One of the largest manufacturers of aluminium and alloy conductors, Apar Industries has seen a strong order inflow in recent quarters. According to experts, the company is poised to gain from domestic demand for electric components, specifically the growing orders for conductors from the transmission and distribution industry. The company specialises in electric equipment. The company specialises in electric equipment. The company’s cable business could also grow from the higher demand from railway, defence, energy, and other infrastructure sectors.

The company’s order book for cable and conductors business stood at ₹8,321 crore, as of March 31, 2024. The conductors segment contributed ₹6,885 crore and cable orders stood at ₹1,436 crore.

In the March 2024 quarter (Q4FY24), the company’s revenue stood at ₹4,455 crore, registering a year-on-year growth of 9%. Its net profit, however, declined 3% YoY to ₹236 crore.

Shares of Apar Industries have gained from ₹538 apiece on the BSE in July 2021 to ₹8,684.2 apiece as of July 10, 2024.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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