From Budget to Budget: Top 10 large-, mid- and small-cap gainers of the last one year

Among 160-odd midcap stocks (as per AMFI definition), 39 of them have delivered multibagger returns since the last budget.

Thanks to a massive rally, there have been more gainers than losers in the stock market in the last one year. The rally has been more pronounced in mid and smallcaps where investors have made money hand over fist.

Among the largecap stocks (classified according to the latest threshold defined by AMFI). Half of top 10 biggest gainers are public sector undertakings (PSUs) - not a frequent occurence.

The data shows Indian Railway Finance Corporation, REC, Power Finance Corporation and Bharat Heavy Electricals are four biggest gainers of last one year delivering returns of 404 percent, 304 percent, 293 percent and 191 percent, respectively.

PSU stocks have gained traction as investors have run after value stocks. Most PSU stocks, despite rallying in the last couple of years, trade at a discount to their private peers. This continued to attract investors.

Aurobindo Pharma (up 183 percent), Zomato (176 percent), Trent (155 percent), Adani Power (149 percent), Hindustan Aeronautics (136 percent) and DLF (121 percent).

"India does offer an exceptional long-term investment opportunity, investors should however remain vigilant considering a shifting landscape marked by decelerating global growth, rising global interest rates, persistent near-term dollar strength, and heightened geopolitical uncertainties. While India, with its primarily domestically driven growth, is expected to be relatively less susceptible to global macro risks in this changing environment, expectations need to be appropriately set for the current year on back of rich valuations,” said DSP Mutual Fund in a note.

Among midcap stocks as well, PSUs dominate the top gainer list. Suzlon Energy (up 347 percent), BSE (326 percent), Rail Vikas Nigam (289 percent), Ircon International (289 percent), SJVN (289 percent), Apar Industries (276 percent), JBM Auto (260 percent), NBCC (247 percent), Cochin Shipyard (243 percent) and Housing & Urban Development Corporation (239 percent).

Among 160-odd midcap stocks (as per AMFI definition), 39 of them have delivered multibagger returns since the last budget.

Frenzy in the smallcap segment has been even more pronounced as some have returned nearly 20 times. Top 10 smallcap names, including those listed on SME platform, Jai Balaji Industries (up 1963 percent), Surani Steel Tubes (1060 percent), Unitech (843 percent), RBM Infracon (793 percent), Network People Services Technologies (672 percent), S&S Power Switchgear (587 percent), Thomas Scott (545 percent), Cupid (544 percent), Geekay Wires (542 percent) and Aurionpro Solutions (526 percent).