The stock market is not always a money-making machine for everyone. Yet, a few manage to strike it rich with the right moves. Surprisingly, if you had invested just ₹10,000 in these stocks 25-27 years ago, you'd be sitting on a fortune close to ₹19 crores today.
Curious about which stocks delivered such phenomenal returns? Back in 1998, the renowned global brokerage house, CLSA, conducted an analysis, revealing a list of 10 Indian companies. These stocks have genuinely transformed modest investments into a bounty for investors over the years. In just 28 years, an investment of ₹10,000 in these companies has swelled to between ₹1.35 crore to ₹19.17 crore.
Browsing through this list, you'll see the compelling power of these companies. Some might even feature in your portfolio. But perhaps you haven't stuck with them long enough.
The extraordinary returns underline a clear message: Picking the right stocks and staying the course over the long term can lead to substantial wealth creation. The dream of becoming a millionaire overnight is seldom realized. Many investors lose their capital chasing this mirage in the stock market.
Who's on the List?
Leading the list by CLSA is
Westlife Foodworks
. Over the past 28 years, it has delivered an astounding return of about 19,17,039%, multiplying original investments 19170 times. Imagine turning ₹10,000 into ₹19.17 crores!
Source: aajtak
Next in line is
Havells India
, escalating ₹10,000 into a striking ₹6.59 crore.
Eicher Motors
stands third, transforming ₹10,000 to ₹4.81 crore.
Among banking and finance,
Bajaj Finance
and
Kotak Mahindra Bank
make the list. Bajaj Finance offered a 4,101 times return, while Kotak Mahindra multiplied funds 2,373 times. Other noteworthy mentions include
Samvardhana Motherson International
,
Bharat Electronics (BEL)
,
Titan Company
,
Shree Cement
, and
Manappuram Finance
Due Diligence Before Investing
These examples showcase that patience, optimal timing, and a strong business model can result in significant profits. However, CLSA advises that the past performance of these stocks doesn't guarantee future results. Markets are volatile and their dynamics change frequently. Therefore, it's wise to consult a financial advisor before making any stock investments.
