Markets
Ten Nifty 500 equities deliver multibagger gains exceeding 150 percent during Samvat 2082
Originally reported by LiveMint Markets as: Lighting up your Diwali! Cupid, HFCL, Sterlite Tech, MTAR: 10 multibagger stocks that soared over 150% in Samvat 2082
6 Nov 2026, 4:39 pm IST · Xecute.finance News Desk
The crisp read
Indian stock markets experienced a downturn throughout Samvat 2082 driven by overseas capital withdrawals, international conflicts, and elevated petroleum costs. Despite this broader market decline, sixteen companies within the Nifty 500 index generated returns surpassing 100 percent, with Cupid and Sterlite Technologies pacing the group.
Deep dive - the full story
During Samvat 2082, Indian equities declined due to foreign outflows, geopolitical tensions, and higher crude prices. Despite this negative market trend, sixteen stocks within the Nifty 500 index registered gains exceeding 100 percent. Among the top performers, Cupid and Sterlite Technologies led the market with returns of 570 percent and 556 percent, while equities such as HFCL, Sterlite Tech, and MTAR formed part of a group of ten multibagger stocks that soared over 150 percent. Multibagger equities are stocks that purchase at low valuations and multiply their initial investment several times over, reflecting robust company earnings or specific sector tailwinds during challenging market cycles.
While broad indices faced pressure from external macroeconomic factors like foreign capital flight and escalating energy expenses, select companies managed to buck the trend through strong operational execution. This performance highlights a divergence between overall market sentiment and individual stock fundamentals. Investors and finance professionals should analyze these high-performing assets to understand underlying growth drivers and sector resilience during volatile periods. Portfolio managers must review asset allocation strategies and risk parameters while tracking upcoming corporate earnings announcements.
Bottom line: selective stock picking can protect and grow capital even when headline equity indices face persistent macroeconomic pressures.
Source: livemint.com
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