If your investment journey coincided with formation of the Narendra Modi-led National Democratic Alliance (NDA) at the Centre, you may be sitting on a tidy profit. As many as 11 stocks has returned over 1,000 percent in the last four years, a number which was hovering near 50 when the Narendra Modi government completed three years in office in 2017.But you will be surprised to note that the number of stocks that offered multi-bagger returns reduced considerably in just 12 months. If we look at the outperformers in the BSE 500 index, which is considered as the true barometer of the Indian economy, 11 stocks delivered returns in the range of 1,000-2,214 percent. These include: Minda Industries, Avanti Feeds, KEI Industries, Phillips Carbon Black, Indiabulls Ventures, HEG, Aegis Logistics, Tata Metaliks and Capline Point Laboratories.
Moreover, 206 stocks returned over 100-900 percent in the last four years. These include: Bajaj Finance, Venky’s India, APL Apollo Tubes, Sterlite Technologies, V-Mart Retail, Jamna Auto Industries, Bajaj Finserv, Britannia Industries, GHCL and Force Motors. Indian equities have surged to record highs during four years of the Narendra Modi government. Since May 26, 2014, the day Modi was sworn in as Prime Minister, the benchmark Sensex has risen nearly 40 percent. The Sensex hit a lifetime high of 36,443 in January but since then it has lost nearly 2,000 points. It looks like the momentum which D-Street gathered in 2014 seems to be fizzling out.
“Four years of the Modi government have been a roller-coaster ride with its share of ups and downs. There was a lot of euphoria in the market post Modi’s victory and citizens looked up to him to usher in a wave of change in the country,” Jimeet Modi, Founder & CEO, SAMCO Securities told Moneycontrol.