5paisa Research Team
Sachin Gupta
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The Multibagger Wave: BSE CPSE Index Generates 33 Multibagger Stocks, Top Performer Up over 450%!
The last few years have been quite eventful for the markets, with numerous challenges for investors to overcome. Despite this, the Indian benchmark indices have emerged as one of the brightest spots, outperforming even the major indexes in the United States since April 2020. One of the most significant highlights of this outperformance has been sector rotation, with different sectors taking charge at different times.
In this article, we'll focus on the S&P BSE CPSE index and explore its exceptional performance in recent years.
The S&P BSE CPSE Index is designed to measure the performance of Central Public Sector Enterprises [CPSEs] listed at BSE. CPSEs are companies for which 51% or more of the direct holding belongs to the Central Government of India. The top three sectorwise market capitalisations of the S&P BSE CPSE index are Power, Oil & Gas, and Capital Goods.
Interestingly, the S&P BSE CPSE Index has provided an annualized return of 21.84% over the last three years. During this time, many multibaggers have emerged from this index, making it an attractive option for investors. Out of the 55 stocks in this index, barring one stock, Mishra Dhatu Nigam Ltd, all other stocks delivered positive returns. The striking point is that nearly 33 stocks have delivered multibagger returns, making it a fascinating index to watch.
The top-performing stock in this index is Hindustan Aeronautics Ltd, which has jumped nearly 468% in the last three years. This is followed by Rail Vikas Nigman Ltd and Bharat Dynamics Ltd, which have soared about 407% and 360%, respectively.
The complete list of the top 10 performing stocks from the S&P BSE CPSE Index is as follows:
|
Name |
Gains in % |
|
467.74 |
|
|
406.77 |
|
|
359.52 |
|
|
354.99 |
|
|
344.94 |
|
|
293.08 |
|
|
247.38 |
|
|
242.64 |
|
|
230.82 |
|
|
200.25 |
It's clear from the performance of the S&P BSE CPSE index that there are significant opportunities for investors in this space. The strong returns delivered by the index and the numerous multibaggers that have emerged make it a compelling option for investors seeking long-term gains. While the index is heavily influenced by the government's actions, the strong fundamentals of the companies in the index provide a solid foundation for growth. Investors who are willing to do their research and take calculated risks can potentially reap significant rewards in the years to come.
So, the question is, do you hold any of the above-mentioned stocks in your portfolio?
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