5 PSU stocks give 5-15 times returns in Modi's 10-year rule; 17 yield multibagger returns

In percentage terms, BEL's returns stand at a whopping 1,488% followed by ITI at 1449%. For NBCC, SJVN, and HPCL the returns are between 689% and 410%.

The data analysed is between April 9, 2024, and May 16, 2014 -- the counting day and when it was known that the Bharatiya Janata Party (BJP)-led NDA will form the government.


There are 17 stocks which have given less than 5 times returns in the same period but remain multibaggers. These stocks include , , , , (NALCO), , , , , , , State Bank of India (SBI), Indian Oil Corporation (IOC), NLC India, Container Corporation Of India (CONCOR), GAIL (India) and Oil India having rallied between 318.49% and 123.62%.

There are six stocks which have given between 93% and 60% returns viz. Steel Authority Of India (SAIL), MMTC, Canara Bank, Engineers India (EIL), Bharat Heavy Electricals (BHEL) and Bank of Maharashtra.

Bank Of Baroda (BOB), NMDC, Coal India, Punjab & Sind Bank (PSB), Oil & Natural Gas Corporation (ONGC), and Central Bank Of India (CBI) have given returns between 42% and 2% in this period. However, one should know that the returns by them over the last one year has been strong with many turning multibaggers. NMDC (112%), Coal India (104%), PSB (157%) and CBI (160%) have not just outsmarted the Nifty but their respective sectoral indices as well.

ONGC (71%) and BOB (58%) have also not done bad in the past 1 year.

Among the misses in the past 10 years include IOB, Union Bank, PNB, UCO Bank and BOI who have seen their prices erode on a net basis between 2.80% and 49.41%. However, these stocks have seen a stellar rally in the last 12 months – IOB (185.65%), Union Bank (121.86%), PNB (188.04%), UCO Bank (120.43%) and BOI (87.30%).

Since Modi's occupation of the high office, India's heartbeat index S&P BSE Sensex has crossed the 75,000 milestone from levels of 25,000 10 years ago. This translates into a return of three times on the index itself. Meanwhile, the market capitalisation of all BSE-listed stocks on that day 10 years ago was just Rs 81 lakh crore and has now jumped multi-fold to an all-time peak of Rs 400 lakh crore, making India the fifth largest stock market in the world.

Inputs from Ritesh Presswala

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