Tenbaggers on Dalal Street! 19 stocks that rallied more than 1,000% in 5 years

While the Indian stock market saw sharp upswings and downswings, some stocks managed to hide from the bears and ride on the bulls to deliver stellar returns of more than 1,000% to their shareholders over the past five years, making them what legendary American investor Peter Lynch called tenbaggers. Here are 19 stocks that prove Lynch’s tenbaggers exist not only on Wall Street but also on Dalal Street.

GE Vernova T&D is the top gainer on the Nifty 500 index on a five-year basis, skyrocketing a whopping 3,013% over the past five years. From a mere Rs 134 apiece market price at which the stock was trading in August, 2021, the stock has soared multifold to trade at around Rs 4,180 apiece this week.

While benchmark index Sensex gained 38% over the past five years, stock exchange BSE delivered stellar returns to its shareholders. The stock sharply rallied 2,686% over the past five years.

Apar Industries skyrocketed 2,555% over the five-year period. As a global leader in aluminum and copper conductors, specialty oils, and power cables, the company capitalized heavily on the nationwide power grid modernization and the global renewable energy transition.

Transformers & Rectifiers (India) also has delivered multifold returns, after yielding a massive 2,197% gain over the five-year stretch. Driven by India's expanding power grid infrastructure and surge in renewable energy demand, the manufacturer of power equipment has seen its order execution scale to record levels.

Defense system provider Zen Technologies surged 2,190% over five years, riding the wave of India's indigenization push in defense technology. Strong demand for its anti-drone equipment and military training simulators transformed the company into one of the top multi-bagger performers on the index.

Defense shipyard behemoth Mazagon Dock Shipbuilders gained 2,084% over the five-year period. Sustained defense procurement orders, strong execution of naval submarine and warship contracts, and high dividend payouts made this PSU stock a favorite among investors seeking explosive returns.

Global steel pipe manufacturer Welspun Corp saw its stock jump 1,985% over the past five years. The multibagger stock of 2026 has been one of the stronger performers in the industrial and pipe manufacturing space, helped by order visibility, energy infrastructure demand and investor interest in capital goods-linked themes. Promoter or management stake sales are closely watched closely by the market as they can affect near-term sentiment.

Electronic Manufacturing Services (EMS) player PG Electroplast rewarded long-term shareholders with an impressive 1,747% gain. Capitalizing on the "Make in India" push for consumer durables, the contract manufacturer expanded its production capacity rapidly across air conditioners, washing machines, and automotive components.

Power technology provider Hitachi Energy India delivered a 1,729% rally over the five-year timeframe. As the nation accelerates its transition toward renewable energy, high-voltage transmission projects and grid modernization have fueled steady top-line growth for the firm.

Other stocks which have delivered tenbagger returns over the past five years include Cemindia Projects, Neuland Laboratories, Himadri Speciality Chemical, HBL Engineering, Chennai Petroleum Corporation, GRSE, Force Motors, Adani Power, Solar Industries and MCX. These stocks have skyrocketed 1,000-1,500% over the past five years, adding large sums to their investors’ wealth.
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