Business · Markets · 2 hrs ago
16 Nifty 500 stocks more than doubled in Samvat 2082
Sixteen Nifty 500 stocks more than doubled during Samvat 2082, even as India’s broader stock market fell.
The Sensex dropped 7.9% and the Nifty 50 fell 6.8% by November 4, amid foreign investor selling, higher oil prices and rising US bond yields.
Cupid and Sterlite Technologies led the gains, rising 570% and 556%, respectively, by November 3.
Other strong performers included Sansera Engineering, HFCL, Welspun Corp and MTAR Technologies.
Analysts linked the gains to business growth and industry demand, including demand for optical fibre, defence communications and medical products.
Investors were advised to be selective and consider taking some profits after sharp rises, while checking company results over the next one or two quarters before making decisions.
Sixteen stocks in the Nifty 500 more than doubled in Samvat 2082, according to ACE Equity data.
Cupid Ltd led the group with a 570 per cent gain, followed by Sterlite Technologies at 556 per cent.
The gains came as the Sensex and Nifty 50 fell during a period of market pressure.
Analysts cited industry tailwinds and earnings growth as factors behind the stocks’ performance.
Experts advised investors to be selective and consider booking partial profits after sharp rallies.
- Who
- Sixteen companies in the Nifty 500, led by Cupid Ltd and Sterlite Technologies.
- What
- Their shares more than doubled in Samvat 2082, according to ACE Equity data.
- When
- Samvat 2082; performance figures were reported as of November 3, 2026.
- Where
- The Nifty 500 universe in India.
- Why
- Analysts cited strong industry tailwinds and earnings growth; the article also describes market pressures that weighed on benchmark indices.
This story does not have two clearly opposing sides.
Sixteen Nifty 500 stocks more than doubled during the year, while the Sensex and Nifty 50 declined.
The reported returns for the leading stocks were measured as of this date.
Analysts urged selectivity as the new Samvat began.
- Number of multibaggers
- 16 Nifty 500 stocks
- Top performer
- Cupid Ltd: 570 per cent gain
- Second-highest performer
- Sterlite Technologies: 556 per cent gain
- Sensex change
- Down 7.9 per cent during Samvat 2082
- Nifty 50 change
- Down 6.8 per cent during Samvat 2082
What people are saying
The investment landscape calls for selectivity rather than indiscriminate optimism. Investors should consider booking partial profits after such a sharp rally.
These counter has given multibagger returns and currently looks expensive. Investors should take 1 or 2 quarters to analyse their results and should take any decision only once the thesis on which stock ran is proved correct