The Indian stock market has witnessed significant returns from the last Lok Sabha Elections in 2019 to the present. The stocks that have provided strong returns are primarily based on the country’s economic stability, growth trajectory, and economic reforms. The government’s plans for various industries have also contributed to the growth of several companies and industries, resulting in a surge in stock prices.
The stock market landscape has been significantly influenced by various factors, including foreign investments, technological advancements, and shifting consumer preferences. Companies that have shown resilience, innovation, and adaptability have excelled and seized emerging opportunities.
Moreover, the regulatory environment, geopolitical shifts, sustainability efforts, and corporate governance have gained prominence in shaping investor sentiment and stock performance. Companies emphasizing transparency, ESG principles, and long-term value have gained investor trust and witnessed positive stock trends.
The stock market has shown remarkable growth from the 2019 Lok Sabha elections to the 2024 elections. This growth is influenced by a mix of factors such as economic stability, growth opportunities, government policies, industry trends, global influences, and corporate strategies.
Most of the companies have capitalized on these favorable conditions to boost growth and increase shareholder value. Their effective strategies have contributed significantly to the overall market performance.
Here are three companies whose stock prices have surged by up to 28,000% over the past five years.
Patanjali Foods Ltd
Patanjali Foods Ltd primarily focuses on processing edible oils, vanaspati, baking fats, and soya foods. Additionally, the company leads the branded edible oil market with popular brands such as Nutrela Soyumm, Ruchi Gold, and Sunrich.
Patanjali Foods Ltd, formerly known as Ruchi Soya Industries Ltd, is an Indian multinational Fast-moving consumer goods company specializing in the food industry and is part of the Patanjali Ayurved.
Patanjali Foods Ltd is one of the leading manufacturers and marketers of a healthy range of Edible Oils and a Pioneer of soy foods in India. It is also one of the largest palm plantation companies in India. The company has a robust track record in the FMCG sector, with iconic brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star, and Ruchi Sunlight.
Patanjali Foods Ltd shares have surged impressively by 18,800%, escalating from ₹7.36 per share on April 1st, 2019, to the current price of ₹1,396.30 per share. As of the latest trading day, the company’s Market Capitalization Stands at ₹50,545 crore.
The company’s net profit decreased by 19% year-on-year, dropping from ₹269 crores in Q3FY23 to ₹217 crores in Q3FY24. Concurrently, revenue saw a marginal decline of 0.20%, falling from ₹7,927 crores to ₹7,911 crores during the same period.
Praveg Ltd
Praveg Ltd is a diversified company engaged in various business activities. The company’s core business areas include: Exhibition Management,Tourism & Hospitality,Event Management, Publication and Advertising.
Praveg Ltd. is a premier experiential hospitality company in India, renowned for offering distinctive experiences. The company has successfully designed, executed, and managed over 1,000 major events and 2,000 exhibitions globally.
The company has a robust clientele that features prominent organizations such as GUJSAIL, IOC, ICAI, FICCI OPAL, the Government of Gujarat, Reliance, Adani, Essar, Tata Power, Shell, Hitachi, Wipro, and Sintex, the company’s reputation in the industry is undeniable.
Praveg Ltd’s shares have surged impressively by 28000%, escalating from ₹3.45 per share on April 1st, 2019, to the current price of ₹967.75 per share. As of the latest trading day, the company’s market capitalization stands at ₹2,374 crore.
In Q3FY24, the company achieved a 14% increase in revenue, reaching ₹33 crore, compared to ₹28 crore in Q3FY23. However, there was a 30% decrease in net profit, falling from ₹11.5 crore to ₹8 crore over the same period.
Tips Industries Ltd
Tips Industries Limited is engaged in the business of Production and Distribution of Motion Pictures and the acquisition and exploitation of Music Rights. The co is also a leading producer of Punjabi films in the country.
The company earns 100% of its revenue from License fees. 75% of the revenue is from digital platforms, wherein 45-50% is through YouTube, and the remaining 25-30% is through other digital platforms. The remaining 25% is generated through TV and public performances.
In FY23, The company received 27% revenue from Domestic clients while 73% revenue from international clients. The company distributes its products in South Africa, Israel, and Malaysia.
Tips Industries shares have surged impressively by 7300%, escalating from ₹6.32 per share on April 1st, 2019, to the current price of ₹468.50 per share. As of the latest trading day, the company’s market capitalization stands at ₹6,015 crore.
Tips Industries Ltd’s net profit has increased by 74% year on year, from ₹20 crores in Q3FY23 to ₹34.7 crores in Q3FY24. During the same time frame, revenue jumped by 27% from ₹51 crores to ₹64.8 crore.
Written by Omkar Chitnis
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