Change of guard at SpiceJet coupled with a buoyant market seems to have made fortunes for the shareholders of low-cost airline. The stock has gained a whopping 600% in the last two years, as against just 13% rise in benchmark Sensex.
The stock, which was quoting at Rs 18 levels on June 22, 2015, has zoomed as much as 627% to Rs 132 levels till Thursday.
The gains have come after Ajay Singh, the co-founder of the airline, took over the reins from Kalanithi Maran in February 2015 to join as the Chairman and Managing Director of the company.
Besides SpiceJet, there are over 80 stocks on the BSE 500, which have turned multibaggers in the last two years. To name a few, Escorts, Minda Industries, Future Lifestyle Fashion, Can Fin Homes and Gujarat Narmada Valley rallied between 300% to 500% in the said period.
We have compiled top 10 such multi-baggers that have more than doubled investors’ wealth in the last two years:
|Stock price (Rs)
|Minda Industries Ltd.
|Future Lifestyle Fashions Ltd.
|Can Fin Homes Ltd.
|Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
|Himatsingka Seide Ltd.
|Avanti Feeds Ltd.
|APL Apollo Tubes Ltd.
|Motilal Oswal Financial Services Ltd.