6 out of 10 top performing largecap stocks in November delivered multibagger returns in long run. Do you own any?

The Indian stock market has seen a stellar rebound in November, with Sensex soaring over 7,000 points and Nifty rallying more than 9% in just the first half of the month as a sharp surge in FII buying following months of selloff, along with other factors boosted investor sentiment on Dalal Street. One of the key trends noticeable during this bull attack was the outperformance of the largecaps over midcaps and smallcaps. During the same period of time, Nifty Midcap 100 and Nifty Smallcap 250 indices gained 7-8%. Here are the 10 largecap stocks that recorded the biggest jump in November so far, including six who have delivered multibagger returns in the longer run.

Shriram Finance shares recorded the sharpest gains among all the largecap stocks in November so far, jumping nearly 22%. The shares of the non banking financial company dropped 2% in a month and 5% in 2026 so far, but gained over 19% in one year. In the longer term, the stock delivered multibagger returns of 147% in three years and 199% in five years.

Muthoot Finance followed, rising more than 21% in November so far. The shares of the gold loan provider dropped over 1% in a week but gained 8% in a month, although they remain 26% down in 2026 so far. In the longer term, the stock delivered multibagger returns of over 120% in three years and gained 68% in five years.
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Mahindra & Mahindra (M&M) shares gained 20% so far this month, ranking third among all the largecap stocks with highest returns in the first half of November. The shares of the automaker have gained more than 16% in a month but dropped over 11% in 2026 so far and 10% in a year. In the longer term, the stock delivered multibagger returns of 116% in three years and 255% in five years.

Ashok Leyland shares also gained around 20% in November so far. The stock has fallen 2% in a week and 8% in 2026 so far, although it gained 15% in one month. In the longer term, the stock jumped 95% in three years and delivered multibagger returns of 132% in five years.

HDFC Asset Management Company shares gained nearly 19% in the first half of November. The shares of the company gained 14% in a month but fell 3% in one year. In the longer term, the stock delivered 91% returns in three years and 99% in five years.
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Bajaj Finance shares jumped over 18% in the first half of November. The shares of the company have gained 3% in a week and 14% in a month, with the stock overall being up 15% in 2026 so far. In the longer term, the stock jumped 52% in three years and 47% in five years.

Lodha Developers shares jumped nearly 18% in the first half of November. The shares of the company have gained 3% in a week and 12% in a month, with the stock overall being up 14% in 2026 so far. In the longer term, the stock jumped 43% in three years and 95% in five years.

Divi's Laboratories shares also jumped nearly 18% in the first half of November. The shares of the company have gained 11% in a week and 23% in a month, with the stock overall being up a whopping 80% in 2026 so far. In the longer term, the stock delivered multibagger returns of 226% in three years and 136% in five years.

Cholamandalam Investment and Finance Company shares gained over 17% in the first half of November. The shares of the company have gained 4% in a week and 14% in a month, with the stock overall being up 7% in 2026 so far. In the longer term, the stock delivered 61% returns in three years and 179% in five years.
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HDFC Bank shares also saw a stellar rebound this month, with the shares of India’s largest private lender rising over 17% in the first half of November. The shares of the heavyweight company have gained more than 2% in one week and 13% in a month, with the stock overall being down 19% in 2026 so far. In the longer term, the stock gained 8% in three years and 3.5% in five years.
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.