Following the results of the 2024 Lok Sabha elections, which saw Prime Minister Narendra Modi secure a historic third term, the Indian stock market experienced sharp movements as investors reacted to the political outcome. While initial volatility gripped the markets, confidence in policy continuity under Modi’s leadership led to a rally in select stocks and sectors. Indian markets reflected both optimism around political stability and the expectation of sustained economic reforms under the Modi 3.0 administration.
Following the 2024 Lok Sabha elections, India’s stock markets have experienced notable shifts. Between June 2024 and June 2025, a number of stocks have posted exceptional gains. Below are some of the top performers during this period:
Authum Investment & Infrastructure Limited
With a market cap of Rs. 42,206.5 crores, the stock moved up by nearly 4 percent on BSE to close in the green at Rs. 2,485 on Tuesday. Between June 2024 and June 2025, shares of Authum Investment delivered multibagger returns of around 168 percent, and gained by around 34 percent over the past month.
In Q4 FY25, the company recorded a robust year-on-year revenue growth of about 8 percent YoY, reaching Rs. 1,452 crores, while the net profit also increased by nearly 15 percent YoY, rising to Rs. 1,763 crores. Furthermore, from FY22 to FY25, the company’s revenue grew at a CAGR of over 71 percent, while net profit expanded at a CAGR of around 85 percent
Wockhardt Limited
With a market cap of Rs. 24,209.4 crores, the stock moved up by nearly 2 percent on BSE to close in the green at Rs. 1,490 on Tuesday. Wockhardt Limited is a global pharmaceutical and biotech company with presence in USA, UK, Switzerland, Ireland, Russia and many other countries.
Between June 2024 and June 2025, shares of Wockhardt delivered multibagger returns of around 175 percent, and gained by around 15 percent over the past month.
In Q4 FY25, the company recorded a marginal year-on-year revenue growth of about 6 percent YoY, reaching Rs. 743 crores, while the net loss also improved by nearly 75 percent YoY to a loss of Rs. 45 crores.
PG Electroplast Limited
With a market cap of Rs. 21,663.3 crores, the stock moved down by 3.3 percent on BSE to close in the red at Rs. 764.55 on Tuesday. Between June 2024 and June 2025, shares of PG Electroplast delivered multibagger returns of around 180 percent, but declined by around 7 percent over the past month.
In Q4 FY25, the company recorded a robust year-on-year revenue growth of about 77 percent YoY, reaching Rs. 1,910 crores, while the net profit also increased by nearly 107 percent YoY, rising to Rs. 145 crores. Furthermore, from FY22 to FY25, the company’s revenue grew at a CAGR of over 63 percent, while net profit expanded at a CAGR of around 98 percent.
PG Electroplast Limited is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India.
BSE Limited
With a market cap of Rs. 1.12 lakh crores, the stock moved up by 2.4 percent on BSE to close in the green at Rs. 2,758 on Tuesday. Between June 2024 and June 2025, shares of BSE delivered multibagger returns of around 206 percent, and gained by around 28 percent over the past month.
In Q4 FY25, the company recorded a robust year-on-year revenue growth of about 70 percent YoY, reaching Rs. 917 crores, while the net profit also increased by nearly 362 percent YoY, rising to Rs. 494 crores. Furthermore, from FY22 to FY25, the company’s revenue grew at a CAGR of over 56 percent, while net profit expanded at a CAGR of around 75 percent.
BSE (Bombay Stock Exchange) Limited is engaged in providing a capital-raising platform and a platform for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, and stock lending and borrowing. It also has a platform for trading in equities of small and medium enterprises (SME).
JSW Holdings Limited
With a market cap of Rs. 25,059.6 crores, the stock moved up by nearly 0.2 percent on BSE to close in the green at Rs. 22,577 on Tuesday. JSW Holdings Limited is a core investment company (CIC) and is primarily engaged in the business of investing and financing.
Between June 2024 and June 2025, shares of JSW Holdings delivered multibagger returns of over 238 percent. However, the stock has declined by around 7 percent over the past month.
In Q4 FY25, the company recorded a marginal year-on-year revenue growth of about 9 percent YoY, reaching Rs. 29.5 crores, while the net profit decreased by nearly 70 percent YoY, falling to Rs. 10 crores.
Furthermore, from FY22 to FY25, the company’s revenue grew at a compound annual growth rate (CAGR) of over 10 percent, while net profit expanded at a CAGR of around 9 percent.
Written by Shivani Singh
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