Best performing stocks since last election year
elections significantly capture public attention. Politicians, political analysts, stock market experts, and even families are all abuzz about the electoral process, making it a pervasive topic of conversation. As the nation is engrossed in election discussions, it's an opportune moment to reflect on how the stock market has fared since the previous election.
Over the past five years, benchmark stock market indices, Nifty 50 and Sensex, have seen impressive gains exceeding 90%. This growth has been buoyed by various developmental initiatives, including 'Aatmanirbhar Bharat', 'Make in India', 'Namo Bharat', and 'Bharat Mala'. Despite the indices achieving substantial double-digit growth, numerous stocks have surged by more than 1,000%, showcasing their potential under favourable conditions.
Today, we will highlight five stocks that have turned numerous investors into millionaires. Topping the list is Adani Green Energy, a result that may not surprise many, given the stellar performance of Adani Group stocks over the last five years. Shares of Adani Green Energy have skyrocketed by over 4,100% in this period.
An investment of ₹10,000 in this stock on the day of the 2019 election results would now be valued at ₹424,518. This remarkable rally is attributable to the company's focus on generating power through renewable sources, boasting an installed capacity of 8.4 gigawatts (GW) across solar and wind energy, among the country's largest. With projects totaling more than 11 GW in the pipeline and a goal to expand its capacity to 45 GW by 2030 to align with the government's renewable energy objectives, the company has significantly increased its installed capacity from 2 GW to 8.4 GW in the last five years.
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