The price of a stock is determined by various factors like regulation, competition, liquidity, business prospects and so on. While a company’s leadership is critical to its success, its share price is not solely determined by the appointment of a CEO. However, the impact of leadership cannot be understated either.
Reports suggest that 73 out of BSE 500 companies saw a change in leadership since January 2022 and most of them are deep in the green, since then. Here are a few companies that witnessed a sharp surge in their share price to deliver multibagger returns after the appointment of a new CEO:
Suzlon Energy Ltd
Suzlon Energy is a renewable energy solutions provider. It manufactures wind turbine generators and related components of various capacities. It operates in approximately 17 countries across the globe.
The company’s new CEO was appointed in April 2023. The company’s share price increased from ₹ 7.90 to ₹ 25.95 delivering multibagger returns of 228.48 per cent since then.
RBL Bank Ltd
RBL Bank is a banking company engaged in providing a wide range of banking and financial services including wholesale banking, retail banking, treasury operations and other banking-related activities.
The company’s new CEO was appointed in June 2022. The company’s share price increased from ₹ 81.40 to ₹ 231.50 delivering multibagger returns of 184.40 per cent since then.
Union Bank of India Ltd
Union Bank of India is engaged in the business of banking services, government business, merchant banking, agency business insurance, mutual funds, wealth management and so on.
The company’s new CEO was appointed in June 2022. The company’s share price increased from ₹ 37.20 to ₹ 100.10 delivering multibagger returns of 169.09 per cent since then.
Zensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company and a part of the Mumbai-based RPG group. It operates in two segments: application management service and infrastructure management service.
The company’s new CEO was appointed in January 2023. The company’s share price increased from ₹ 214.50 to ₹ 525.00 delivering multibagger returns of 144.76 per cent since then.
BSE Ltd
Bombay Stock Exchange (BSE Ltd) is an Indian stock exchange located at Dalal Street in Mumbai. The company facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.
The company’s new CEO was appointed in January 2023. The company’s share price increased from ₹ 556.10 to ₹ 1,202.00 delivering multibagger returns of 116.15 per cent since then.
Written by Simran Bafna
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