Diwali 2026: 77 stocks knock down D-St bears to deliver multibagger returns
Benchmarks Nifty23,318.65265.56FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return9.02 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.55 % Invest NowEnter search…
With Diwali 2026 on the horizon, 77 stocks have thrived despite market fluctuations, marking exceptional returns. Mrugesh Trading showcases an astonishing gain of 4,657%, while Axis Solution follows closely with 1,081%. Other strong performers are Sterlite Technologies and Cupid, each demonstrating impressive growth. Analysts are hopeful for a market rebound thanks to falling crude oil prices, which could positively impact sectors such as automotive, capital goods, and pharmaceuticals.
While bears prowled over Sensex and Nifty since Diwali last year and burnt massive sums to investor wealth, around 77 stocks with a market capitalisation of more than Rs 1,000 crore bucked the headwinds to deliver rocketing multibagger returns of up to 4,700%, lighting up their shareholders’ portfolios.Diwali 2025 marked the beginning of Samvat 2082. What followed was a challenging phase for the Indian stock market, comprising geopolitical tensions, concerns around corporate earnings growth, especially for blue chips, trade tariff threat, elevated crude oil prices, persistent FII outflows and sharp currency depreciation. Sensex and Nifty have fallen up to 13% in just 2026 alone.
Also read | Diwali 2026: Sensex plunged 10,000 points, Nifty dropped 13% since last Diwali. Will Samvat 2083 bring some relief?
Multibagger stocks
As India gets ready to celebrate Diwali 2026 and welcome the new Samvat 2083, they are hoping for some relief from the incessant bear attacks. However, even as Sensex and Nifty reeled in the red, some stocks skyrocketed to more than double in just one year since last Diwali.Mrugesh Trading, which has a market cap of a little over Rs 5,200 crore, takes the top spot on the list.The stock delivered a whopping 4,657% return since Diwali last year. Axis Solution comes next, jumping around 1,081% during the same period to deliver over tenbagger returns to its shareholders in just one year.
Live Events
Sterlite Technologies, the fiber and digital infrastructure company, has surged 650%, taking its market cap beyond Rs 45,000 crore. Cupid ranks fourth, delivered 527% returns since Diwali last year. Sigma Advanced Systems and Hindusthan Insulators & Industries skyrocketed more than 400% each, while Bliss GVS Pharma, Kwality Pharmaceuticals and Zelio E-Mobility jumped over 300%.
Swan Defence and Heavy Industries, Ind-Swift Laboratories, Shreeji Shipping Global, Tribhovandas Bhimji Zaveri, Gretex Corporate Services, MTAR Technologies, Keltech Energies, HFCL, Kabra Extrusiontechnik, United Foodbrands and Welspun Corp shares surged 200-260% during the period, while those of Spectrum Electrical Industries, Bafna Pharmaceuticals, Venus Remedies, Sansera Engineering, Aeroflex Industries and others gained up to 200%.
EV scooter maker Ather Energy, pharma major Laurus Labs, TD Power Systems, Thangamayil Jewellery and others are included in the list of companies that have delivered multibagger returns since India celebrated Diwali last year.
Here is a full list of the stocks and the returns they have delivered since Diwali 2025.
Will Sensex, Nifty recover in Samvat 2083?
Following two years of consolidation, SBI Securities to see Indian equities witness a gradual recovery over Samvat 2083, with the primary catalyst being a pull back in crude oil prices below $90 per barrel. “We remain optimistic about forward outlook and believe domestic equities are likely to deliver better returns on the back of double-digit earnings growth despite of vulnerable external environment; likely conclusion of trade deal between US-India, alongside India’s ongoing export basket diversification; reversal of global AI trade, which should redirect capital flows toward well diversified markets emerging markets like India and likelihood of continued reforms by government to accelerate economic growth,” the brokerage said.Additionally, it sees any relief in the taxation pertaining to STT or LTCG to serve as a big sentiment booster for equity markets. Going forward, SBI Securities believes wealth creators are likely to emerge from sectors including auto OEMs and auto ancillaries, capital goods or Engineering, including defence, aerospace engineering, railway safety, power equipment, pharma ancillary, import substitution like CNC machine, BFSI, EMS, recycling, new age platform businesses, pharma - CDMO & chemicals, structural steel tubes, discretionary consumption (hotels, jewellery, alcoholic beverages etc.) and metals or mining.
Also read |Nifty rout hides a striking bull run: Smallcap universe gives 60 multibaggers since last Diwali
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onDiwali 2026Diwali newsDiwaliSensexNiftyMuhurat Tradingmultibaggersmultibagger returnshfclsterlite technologies
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onDiwali 2026Diwali newsDiwaliSensexNiftyMuhurat Tradingmultibaggersmultibagger returnshfclsterlite technologies
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth EditionSome elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day
You can buy a walkie-talkie online. But can you legally use it?
KYB and KYC: Quick commerce, the Damani premium and what DMart must deliver – 3rd and concluding part
KYC and KYB: Inside Damani’s DMart, the retail chain for the middle class. And stock for the long term? – Part 2 of 3
Will it be a regulatory nightmare if an exchange lists on its own platform?
KYC and KYB: Inside Damani’s Avenue Supermarts that refuses to charge more – Part 1 of 3
- 1
- 2
- 3
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET
Unlock Access to All Exclusives with ETPrime FREE TRIAL
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
Trial offer expiring in00 : 05 : 00
I'd rather pay ₹2599 nowUh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Prime Account Detected!
It seems like you're already an ETPrime member with
Login using your ET Prime credentials to enjoy all member benefits
Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Unlock ETPrime's Exclusive Stories Today!
Big Price Drop! Flat 40% Off
Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In nowOffer Exclusively For You
Save up to Rs. 700/-
ON ET PRIME MEMBERSHIP
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get Flat 40% Off
Then ₹ 1749 for 1 year
Avail OfferOffer Exclusively For You
ET Prime at ₹ 49 for 1 month
Then ₹ 1749 for 1 year
Avail OfferSpecial Offer
Get flat 40% off on ETPrime
Avail OfferAvail OfferClaim NowAlready a Member? Sign In nowNeed Assistance?
Connect with an ETPrime expert for personalized support and guidance
+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '' + h3 + '
' + h4 + '
- ' + listing + '
What’s Included with
ETPrime Membership
1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
The problem with lab grown diamonds
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
2Invest Wisely With Smart Market Tools & Investment Ideas
Alpha Trade
Get daily trade ideas from SEBI-registered research analysts.
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
All-in-one stock research with Stock Score, peer comparison & key signals.
BigBull Portfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
3Stay informed anytime, anywhere with ET ePaper
ePaper - Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper - Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
5Enjoy Complimentary Subscriptions From Top Brands
Stream new documentaries from all across the world every day.
Stories you might be interested in
Figures reflect the source report and its stated period. This article is for information and is not investment advice.
