Almost one out of two stocks from BSE500 index has become a multi-bagger in past three years after Narendra Modi led National Democratic Alliance (NDA) won the Lok Sabha elections on May 16, 2014. As many as 234 stocks that comprise the S&P BSE 500 index have risen over 100% since then.
At the index level, the S&P BSE 500 index has surged 47% as compared to 26% rise in the S&P BSE Sensex during this period. BSE-500 index represents nearly 92% of the total market capitalization on BSE.
Of these 234 stocks, 10 stocks, including Indo Count Industries, Caplin