These 5 Multi-Bag Stocks Generate a Return of 20,500% in 8 Years from Modi Govt
Multi-trench stocks: During the eight years of Narendra Modi government a lot of reforms and initiatives including Goods and Services Tax (GST), Insolvency and Bankruptcy Act, RERA (Real Estate Regulatory Authority), Make in India, Local Voice, etc. have changed the dynamics Business in India to a greater extent. While various business sector has been affected by these steps taken by Narendra Modi government in these eight years, stock market has also responded to these moves by central government led by Modi.
Here is a list of the top 5 stocks that have achieved an excellent return during the eight years of the Modi government:
1]Tanla platforms: This technology stock rose from all over R6.60 to R1,357.90, up to nearly 20,500 percent in the period. The company provides technical support to banks while sending SMS to bank customers regarding various transactions and other proposals. The business volume of the company has gained a rapid rise in traction after the surge in mobile adoption by Indian millennials in the last eight years which could become possible after the massive slide in the prices of Android and smartphones in this period.
2]Amines Balaji: This multi-bag chemical stock has risen from R49.50 to R2,990, posting a rise near 5950 percent in the period. This company has benefited from the closure of Chinese chemical companies, especially amine producers, after Covid.
3]Minda Industries: In the 8 years of Narendra Modi government, the stock of this auto component maker has gone up from all over R16.50 to R937.80, registering a rise of nearly 5,600 percent in the period. The stock is very popular among FIIs and DIIs and has given sharp upward moves during the market recovery in this period.
4]Naveen Florin: This chemical stock rose from all over R82 levels R3895 today, up to the 4,650 percent level in the period. The company was able to report strong numbers on some big ticket deals such as Honeywell International. It produces refrigerants and fluorides, the prices of which on the international market have risen to record levels, giving the company a margin interest.
5]Alkylamine Chemicals: This multi-brand inventory has risen from all over R78.50 to R3,036 levels in the past eight years, up to nearly 3,800 percent in this period. This aliphatic amines product is the market leader in world merchandise and got the margin benefit after the high prices of chemical products and raw materials in the international market.
In the past eight years of Narendra Modi’s government in power, the BSE Sensex index has risen from around 24,700 to about 56,000 marks today, posting a rise of nearly 125 per cent in the period. Similarly, the Nifty 50 has risen from around 7,200 levels to the 16,650 mark today, up about 130 percent in the past eight years of Narendra Modi’s government.