Benchmark indices endured sharp declines over the past year amid rising geopolitical conflicts, trade tariff warnings, and costly crude oil imports. Even with these widespread market headwinds, dozens of standout equities managed to generate exponential gains for dedicated investors. Mrugesh Trading set the pace with an astronomical rally of 4,657%, while Sterlite Technologies jumped 650% to surpass a Rs 45,000 crore valuation. Brokerages now point to eventual earnings recoveries and supportive tax adjustments as crucial elements needed to sustain broader market momentum.
Key points
Broad market losses were driven by persistent foreign institutional investor selling alon…: Broad market losses were driven by persistent foreign institutional investor selling alongside weak corporate earnings among major blue chips.
Multiple equities delivered returns exceeding 300%, including Axis Solution, Cupid, Bliss…: Multiple equities delivered returns exceeding 300%, including Axis Solution, Cupid, Bliss GVS Pharma, and Sigma Advanced Systems.
SBI Securities anticipates an equity market rebound in Samvat 2083 fueled by potential ta…: SBI Securities anticipates an equity market rebound in Samvat 2083 fueled by potential tax relief, lower crude prices, and double-digit corporate growth.
Sources checked by our analysis pipeline: 1
Diwali 2025 marked the beginning of Samvat 2082. What followed was a challenging phase for the Indian stock market, comprising geopolitical tensions, concerns around corporate earnings growth, especially for blue chips, trade tariff threat, elevated crude oil prices, persistent FII outflows and sharp currency depreciation. Sensex and Nifty have fallen up to 13% in just 2026 alone.
Also read | Diwali 2026: Sensex plunged 10,000 points, Nifty dropped 13% since last Diwali. Will Samvat 2083 bring some relief?
Multibagger stocks
As India gets ready to celebrate Diwali 2026 and welcome the new Samvat 2083, they are hoping for some relief from the incessant bear attacks. However, even as Sensex and Nifty reeled in the red, some stocks skyrocketed to more than double in just one year since last Diwali.Mrugesh Trading, which has a market cap of a little over Rs 5,200 crore, takes the top spot on the list.The stock delivered a whopping 4,657% return since Diwali last year. Axis Solution comes next, jumping around 1,081% during the same period to deliver over tenbagger returns to its shareholders in just…
Market participants in Tokyo experienced a downturn as selling pressure emerged before the session ended. The benchmark index faced headwinds that dragged overall valuations into negative territory by the final bell. The decline highlights persistent caution among traders navigating the regional equities landscape.
Strong commercial vehicle demand and reliable exports propelled the Kolkata-headquartered manufacturer back into profitability during the September quarter. Strategic diversification into non-ferrous components and railway infrastructure projects is expected to unlock high-margin opportunities across advanced industries. Investors are closely monitoring key technical thresholds that could signal continued upward price momentum.
Market authorities are attempting to reverse massive capital outflows that have depressed domestic equities and weighed heavily on the currency. By pitching tax relief ahead of the February federal budget, regulators aim to lower transaction burdens that currently exceed those of competing jurisdictions. These policy shifts could lift returns and restore competitiveness against emerging market peers.