Share Market News / These people became the heroes of the stock market in 2024, gave a massive return of 600%

Share Market News: The journey of the stock market in 2024 was very good for Indian investors. Although there was some decline in the market in the last days of the year, but if we look at the performance of the whole year, many companies made investors rich by giving multibagger returns.

Some of these stocks gave investors a return of up to 600% on the basis of their strong fundamentals and excellent growth rate. Let us know about 10 such top multibagger stocks of 2024, which made the fortunes of investors bright. If you are also expecting such returns in 2025, then these stocks can prove to be helpful for you.

1. Shakti Pumps

Shakti Pumps won the title of top multibagger stock by giving a return of more than 600% in 2024. The net profit of the company has grown at the rate of 23% between FY 2022 and 2024. This company is considered to be a leader in the field of pumps and solar pumps.

2. Insolation Energy

Insolation Energy gave a great return of 330% to its investors. The stock was listed on the SME platform at an issue price of Rs 38 and is now trading at over Rs 3,500. The company deals in solar panels and renewable energy solutions.

3. Shelly Engineering Plastics

Shelly Engineering Plastics gave a return of 328% in 2024. The stock touched its all-time high of Rs 1564.85 on January 3, 2025. The company has managed the demand for its products in an excellent manner.

4. Piccadilly Agro Industries

Piccadilly Agro Industries, which gave a return of 260%, saw its net profit increase 5 times to ₹ 110 crore and revenue grew 28% to ₹ 779 crore. The company is active in agro-processing and spirits production.

5. Jeena Sikho Lifecare

Jeena Sikho Lifecare gave a return of 260%. The company's profit doubled to ₹69 crore in FY24 and revenue increased by 59%. It is a fast-growing company dealing in healthcare and lifestyle products.

6. Garware Hi-Tech Films

Garware Hi-Tech Films gave a return of more than 250% in 2024. The company's profit has grown at an annual growth rate of 20%. This company produces high-performance polymers and industrial films.

7. Shilchar Technologies

The stock of Shilchar Technologies rose from ₹500 to ₹8429.30, giving a return of 220% to investors. This company is a leader in the manufacture of transformers and electronic equipment.

8. Ganesh Housing Corporation

Ganesh Housing Corporation gave a return of 200% to its investors. The shares of this company have jumped 4000% in the last 4 years. It is a leading company active in the real estate sector.

9. Balu Forge Industries

Balu Forge Industries gave a return of 185%. The company's net profit grew by 141% and revenue by 71% in FY24. This company manufactures forging products for automotive and industrial equipment.

10. Waaree Renewable Technologies

Waaree Renewable Technologies gave a return of 180%. The company's net profit grew by 167% to ₹ 148 crore in FY24 and revenue reached ₹ 870 crore. This company works in renewable energy and clean technology solutions.

What can investors learn?

The performance of these top multibagger stocks shows that companies with strong fundamentals can give great returns to long-term investors. The experience of 2024 makes it clear that investors can strengthen their portfolio by selecting the right stocks and adopting a long-term approach.

Tips for 2025

If you are expecting such multibagger returns in 2025 as well, then keep an eye on the performance of these companies. Before investing, do analyze the fundamentals, industry trends and future prospects of the company. By taking the right decision, you too can earn big profits from your investment.