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Change of guard at SpiceJet coupled with a buoyant market seems to have made fortunes for the shareholders of low-cost airline. The stock has gained a whopping 600% in the last two years, as against just 13% rise in benchmark Sensex.
The stock, which was quoting at Rs 18 levels on June 22, 2015, has zoomed as much as 627% to Rs 132 levels till Thursday.
The gains have come after Ajay Singh, the co-founder of the airline, took over the reins from Kalanithi Maran in February 2015 to join as the Chairman and Managing Director of the company.
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Besides SpiceJet, there are over 80 stocks on the BSE 500, which have turned multibaggers in the last two years. To name a few, Escorts, Minda Industries, Future Lifestyle Fashion, Can Fin Homes and Gujarat Narmada Valley rallied between 300% to 500% in the said period.
We have compiled top 10 such multi-baggers that have more than doubled investors' wealth in the last two years:
| Stock price (Rs) | |||
|---|---|---|---|
| Company Name | 22-Jun-15 | 22-Jun-17 | Change (%) |
| Spicejet Ltd. | 18.25 | 132.70 | 627 |
| Escorts Ltd. | 119.25 | 709.50 | 495 |
| Minda Industries Ltd. | 101.20 | 598.90 | 492 |
| Future Lifestyle Fashions Ltd. | 68.00 | 311.40 | 358 |
| Can Fin Homes Ltd. | 712.25 | 3249.85 | 356 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 62.00 | 279.30 | 350 |
| Himatsingka Seide Ltd. | 80.00 | 343.05 | 329 |
| Avanti Feeds Ltd. | 316.10 | 1350.30 | 327 |
| APL Apollo Tubes Ltd. | 395.50 | 1616.00 | 309 |
| Motilal Oswal Financial Services Ltd. | 295.35 | 1206.35 | 308 |
| Source: AceEquity | |||
