8 wonders of Dalal Street: These stocks double your money every four years (2024)

At the time when interest rates are hovering at their record low levels, it looks difficult for investors to accumulate wealth through fixed deposits. On the other hand, the stock market has plenty of options that can help you to get superior returns than other asset classes.

Take this: at least eight stocks on Dalal Street have been doubling investors' money every four years. Before going ahead, here is a disclaimer that past performance does not guarantee the future price movement of stocks. Therefore, investors should consult their financial advisors before taking any positions.

Coming back to the consistent compounders, Vinati Organics emerged as the top grosser in the list. Shares of the company jumped 1,129 per cent during November 2005 and 2009. It climbed 179 per cent (Nov 2009-13), 482 per cent (Nov 2013-17) and 305 per cent (Nov 2017-21). Overall, shares of the company have gained 80,906 per cent during the past 16 years.

The company was established in 1989 to manufacture specialty organic chemicals. It has since grown to become the world's largest manufacturer of IBB (Iso butyl benzene) and ATBS (2-acrylamido 2 methylpropane sulphonic acid) and India's largest manufacturer of IB (Iso-Butylene) and HP MTBE (High Purity-Methyl Tertiary Butyl Ether). The company's products are exported to customers in countries across Europe, America, and Asia.

Vinati Organics also commands over 65 per cent market share in the world for IBB. With consistent investments in technology and capacities, the company is the largest producer of IBB in the world with a capacity of 16,000 tonnes per annum. It has shown robust growth in its financials during the past 16 years. Where net sales of Vinati Organics witnessed an annualised growth of 20.46 per cent since FY2005, the net profit of the company has grown at CAGR of 32 per cent.

Cholamandalam Securities is positive on Vinati Organics with a 12-month price target of Rs 2,145. "We expect, ATBS to drive overall revenue growth and profitability. Further, better off-take from new products and integration of Veeral additives will add to this momentum. With upbeat guidance from the management we have revised our top line estimates higher," the brokerage said.

Footwear major Relaxo Footwears is next on the list. The scrip gained 388 per cent during November 2005-09, 302 per cent (Nov 2009-13), 581 per cent (Nov 2013-2017) and 364 per cent (Nov 2017-21). Overall, shares of the company have soared 61,858 per cent to Rs 1332.10 on November 18, 2021. Brokerage Sharekhan is positive on the company with a price target of Rs 1,490.

Of late, Relaxo's Q2FY22 performance was affected by the sharp increase in raw material prices, resulting in around a 9 per cent fall in profit after tax. Its revenue grew by 24.1 per cent year-on-year to Rs 714.4 crore. Revenues rose strongly led by demand recovery due to opening up of the stores across geographies, strong rebound in economic activity, resulting in business returning to pre-COVID-19 levels. It has taken relevant steps to reduce stress on gross margins in the coming quarters. As of September 30, 2021 the company has more than Rs 200 crore cash on its books.

"With a strong portfolio of value-for-money footwear products and expansion in distribution reach (especially in southern markets), Relaxo is well poised to achieve revenue and earnings CAGR growth of 18 per cent each over FY2021-FY2024E. It has a strong balance sheet with good cash generation ability," Sharekhan said in a report.

Borosil Renewables, Acrysil, Asian Paints, Torrent Pharmaceuticals, Pidilite Industries and Titan Company stood among the rest of the players which also doubled investors' money every four years. (See table).

8 wonders of Dalal Street: These stocks double your money every four years (1)

YES Securities is bullish on Acrysil with a price target of Rs 1,150.

"With Acrysil being one of the only four global manufacturers of Quartz sinks via German technology, we expect Acrysil to report volume growth of 33 per cent CAGR over FY21-24E. Owing to strong demand, the company has announced another capex of 2L Quartz sinks which will be operational by Q2FY23, taking the total Quartz sinks capacity to 1.2 million. Acrysil is also expanding their stainless steel capacity from 90,000 units to 1,80,000 units by Q4FY22 which should further boost the company's topline," YES Securities added.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

8 wonders of Dalal Street: These stocks double your money every four years (2024)

FAQs

Which stocks double every 4 years in India? ›

Borosil Renewables, Acrysil, Asian Paints, Torrent Pharmaceuticals, Pidilite Industries and Titan Company stood among the rest of the players which also doubled investors' money every four years.

What is the best stock to buy in 2024? ›

With a YTD rise of 142%, Nvidia (NVDA) is the best-performing Magnificent 7 stock in 2024. Meta Platforms (META) and Alphabet (GOOG) are next on the list, albeit distantly, with YTD gains of 37.7% and 24.7%, respectively. Amazon (AMZN) and Microsoft (MSFT) are up 19.3% and 12.3%, respectively, over the period.

What are the top 10 stocks to buy? ›

Overview of Best Long-Term Stocks to Buy in India
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  • Asian Paints Limited: ...
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  • Titan Company Limited: ...
  • Maruti Suzuki India Limited: Future Potential: ...
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May 26, 2024

What are good stocks to buy now? ›

See the 10 stocks »

The Motley Fool has positions in and recommends Alphabet, Amazon, Chewy, Fiverr International, Nvidia, PayPal, Salesforce, and Uber Technologies.

Which is the best stocks to buy in India for long term? ›

Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.

Which is the most profitable share of all time in India? ›

All time Highest profit
S.No.NameCMP Rs.
1.TCS3715.80
2.HDFC Bank1483.15
3.ICICI Bank1071.45
4.St Bk of India775.20
23 more rows

Which stock is best for 2025? ›

3 Stocks That Can Help You to Get Richer in 2025 and Beyond
  • Pfizer's recent slump is understandable and not likely a long-term issue.
  • Veeva Systems has a lot to offer its 1,400-plus customers, and they tend to stick around.
  • The S&P 500 is also worth considering, as it includes many fast growers and pays a dividend, too.
May 24, 2024

Is Costco stock a buy? ›

Costco Wholesale (NASDAQ: COST) has been a huge winner for investors. Shares have soared 238% in the past five years, a much better gain than the S&P 500. And they currently sit at an all-time high.

Which stock will grow in 5 years? ›

Growth stocks for next 5 years
S.No.NameCMP Rs.
1.Brightcom Group10.05
2.Axita Cotton20.21
3.One Point One54.35
4.R&B Denims59.66
23 more rows

Which stock will boom in 2024 in India? ›

Top Long Term Stocks to Buy in 2024 Based on 5Y Avg Net Profit Margin
Stock NameSub-SectorShare Price
Kotak Mahindra Bank LtdPrivate Banks₹1,690.10
Tata Consultancy Services LtdIT Services & Consulting₹3,736.10
Eicher Motors LtdTrucks & Buses₹4,742.95
Coal India LtdMining - Coal₹483.95
6 more rows
7 days ago

What are the best stocks to invest in to make money fast? ›

Alongside Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL), Adobe Inc. (NASDAQ:ADBE) is one of the best money making stocks to invest in. In its Q3 2023 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Adobe Inc.

Which share is best to buy now under $100? ›

BEST STOCKS UNDER 100
S.No.NameCMP Rs.
1.Trident36.78
2.Lloyds Engineeri63.05
3.Gateway Distri97.18
4.IRB InvIT Fund64.90
23 more rows

What is the best $1 stock to buy? ›

Best Penny Stocks Under $1 to Buy Today
  • DNA-0.45% DNA - NYSEGinkgo Bioworks Holdings Inc. Class A. ...
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Apr 29, 2024

What is the best stock to buy right now for a beginner? ›

Compare the best stocks for beginners
Company (Ticker)SectorMarket Cap
Broadcom (AVGO)Technology$627.94B
JPMorgan Chase (JPM)Financials$579.56B
UnitedHealth (UNH)Health care$457.84B
Comcast (CMCSA)Communication services$155.30B
2 more rows

What is the most successful stock to invest in? ›

Best stocks by one-year performance
CompanyPerformance (Year)
Constellation Energy Corporation (CEG)132.90%
WestRock Co (WRK)97.35%
Western Digital Corp. (WDC)94.10%
Trane Technologies plc (TT)93.43%
17 more rows
4 days ago

Which stock will boom in 2025 in India? ›

Multibagger Penny Stocks For 2025 are:
Company NameMarket Cap (in Cr)Share Price (in Rs)
Advik Capital1022.39
SVP Global Textiles Ltd.1088.55
Purple Entertainment3.083.56
Mahan Industries2.090.58

Which share will grow in next 5 years in India? ›

Growth stocks for next 5 years
S.No.NameCMP Rs.
1.Brightcom Group10.05
2.Axita Cotton20.21
3.One Point One54.35
4.R&B Denims59.66
23 more rows

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