10 Best BSE500 Multibagger Stocks with 8x+ Returns in Past 3 Years

Earning returns from the stock market is not a cakewalk, and earning good returns from your investments is doubly difficult. Past performance of a share can never guarantee its future returns. However, it can certainly help in finding multibagger stocks that have rallied in the past, and may continue to do so in the future as well.. Here we curated a list of companies that have given an 8x+ return to investors in the past three years. Perhaps some of these will continue to grow and are still great investment opportunities. Without any further ado, let us check out these stocks.

Multibagger Stocks with 8x Returns

Ruchi Soya

The largest manufacturer of edible oil in India, Ruchi Soya was acquired by Patanjali Ayurveda in 2019 and relisted on the stock exchange in late 2020. In just five months, this multibagger stock zoomed from Rs. 17 to Rs. 1535 before it began to tank. The company is expecting to earn Rs. 1000 crores from exports in the next three years.

Current price: Rs. 855
3 year returns: 125x

Tanla Platforms

Previously known as Tanla Solutions, Tanla Platforms offers state-of-the-art cloud networking solutions. The stock has proven to be one of the biggest multibaggers in the past couple of years soaring from Rs. 67 in Jan 2020 to Rs. 1900+ till Dec 2021. That is almost a 30x return during a period of two years.

Current price: Rs. 1913
3 year returns: 60x

Tata Teleservices

Also known as Tata Tele Services, Tata Tele Business Services is a Mumbai-based Indian broadband, cloud service and telecommunications provider. Although it is a loss-making company, the multibagger stock has hit upper circuit in the past few months to give marvellous returns to stockholders.

Current price: Rs. 162
3 year returns: 39x

Adani Green Energy

It is no secret that green energy is the future. Investors are aware of the fact and are betting heavily on companies in the space. Adani Green Energy, dealing in solar, wind and hybrid power, operates Kamuthi Solar Power Project, among the largest solar photovoltaic plants in the world.

Current price: Rs. 1395
3 year returns: 31x

Adani Total Gas

Almost every single Adani stock has given spectacular returns in the past year to make Gautam Adani one of the richest people in Asia and the world. Adani Total Gas is no exception. The company is developing City Gas Distribution networks to distribute natural gas through pipes for domestic and industrial use.

Current price: Rs. 1702
3 year returns: 16x

Dixon Technologies

Dixon Technologies is the face of the electronic manufacturing services in India that deals in consumer electronics, home appliances, mobile phones, media electronics, lighting solutions and more. It has a clientele consisting of some of the biggest electronic companies in the world, including Gionee, Philips, Panasonic and Samsung.

Current price: Rs. 5450
3 year returns: 11x

Alkyl Amines

Dealing in aliphatic amines, amine derivatives and fine chemicals, Alkyl Amines is still believed to be a great investment if you are looking to invest in a chemical company. A decade ago, this multibagger stock traded below Rs 20.

Current price: Rs. 3140
3 year returns: 10x

Deepak Nitrite

Deepak Nitrite, another chemical company on this list of multibagger stocks of the past 3 years, only goes to show the dominance of the sector. It has manufacturing facilities in Gujarat, Maharashtra and Hyderabad. The company deals in fine and specialty chemicals, along with rubber, pharmaceuticals, agrochemicals and colourants.

Current price: Rs. 2300
3 year returns: 10x

Adani Enterprises

Adani Enterprises is the flagship company of the famed Adani Group. It was founded in 1988 by Gautam Adani as a commodity trading entity. In a matter of five years, the stock has gone from Rs. 76 to over Rs. 1600.

Current price: Rs.1685
3 year returns: 10x

APL Apollo

Among the largest structural steel tube manufacturers in India, APL Apollo holds a massive market share in the steel tube space. It supplies over 1000 varieties of structural steel tubes, pre-galvanized tubes, galvanized tubes, hollow sections and more in more than 20 countries worldwide.

Current price: Rs. 1010
3 year returns: 8x