Power stocks lead the way with Rural Electrification Corporation and Power Finance Corporation achieving multibagger returns. Bharat Heavy Electricals and NTPC also saw significant gains. India s fuel retailers, including IOC, BPCL, and HPCL, rallied due to improved refining margins.
Out of the last 15 months (including December), the stock finished 13 in the green. During this period, the shares appreciated from ₹83.70 apiece to ₹423 apiece, resulting in a gain of 405%.
Rural Electrification Corporation (REC) topped the list with a remarkable 250% return in CY23, marking its most substantial yearly gain since 2009. In today s trade, the stock touched a new all-time high of ₹412 apiece.