Up to 19,000% rally! 8 biggest stock gainers of Narendra Modi’s 8 years in office

NEW DELHI: It has been nearly eight years since Modi took oath as Prime Minister on May 26, 2014. Narendra Modi’s eight years in his South Block office are marked with reformist measures such as demonetisation, implementation of goods and services tax, Insolvency and Bankruptcy Code and Real Estate Regulation and Development Act, and works based on Jan Dhan-Aadhar-Mobile (JAM), corporate tax rate cut, etc. These reforms led to huge volatility but also helped some stocks reach new heights.

As per data available with Accord Fintech, as many as 261 stocks have turned multibaggers in the period and 31 have delivered over 1,000 per cent returns. At the same time, there are 19 stocks that have plunged 50-90 per cent.

Below are eight of the biggest gainers of the last eight years, and let’s see if they are still buying candidates:

Tanla Platforms| Gain since 2014: 18,823%| Consensus rating: Strong Buy
If you have received SMSes from your banks, e-commerce platforms or delivery services ever—there is a very good chance that is enabling some of those communications. The company has gained prominence in the last eight years thanks to the rapid adoption of mobile and mobile-based apps. The stock is still a strong buy, according to analysts, with a target in the range of Rs 1,850.

Balaji Amines| Gain since 2014: 6244%| Consensus rating: Strong Buy
The company makes chemicals, especially methylamines, ethylamines, derivatives of specialty chemicals and pharma excipients. The company is a big beneficiary of the closure of 30 per cent of amine producers in China. Analysts remain bullish on the stock with targets around Rs 4,110.

Minda Industries| Gain since 2014: 5229%| Consensus rating: Hold

has established itself as one-stop shop for switches, lights and horns among other automotive components. It has a list of marquee domestic and global clients. The stock is still popular among many analysts but the consensus rating is ‘hold’, with median targets around Rs 1,075.

India| Gain since 2014: 5030%| Consensus rating: Hold
The company is the oldest music label company in India. It lost prominence with the rise of digital music distribution, but recently it has risen to fame thanks to two initiatives: Caravan (with is a modern music player) and Yoodlee Films (which makes digital thematic films for the youth with revenue coming from licensing to the likes of Netflix and Zee5). The stock has a ‘hold’ recommendation and a consensus price target of Rs 480.

International| Gain since 2014: 4714%| Consensus rating: Hold
The company is a major manufacturer of refrigerants (the gas you see in refrigerators) and fluorides. The stock of the company has got a fillip from some multi-year deals it has signed with the likes of

International, giving investors revenue visibility. After a massive rally in the last eight years, most analysts have a ‘hold’ rating with target of around Rs 4,000.

Industries| Gain since 2014: 4414%| Consensus rating: Strong Buy
The company presents itself as a “one-stop solutions provider” for wires and cables. It supplies cables to various sectors like power, oil refineries, railways, etc. HSBC,

are some of its major customers. The stock remains a ‘strong buy’ among analysts with a target at Rs 1,315.

Eatables| Gain since 2014: 4068%| Consensus rating: None
The company is a manufacturer of ethnic and natural vegetarian packaged and ready to eat (RTE) food products. Its products are exported to a multitude of countries and are popular among Indian diasporas. It also is a major supplier to QSR restaurants. The stock has no analyst coverage yet.

Chemicals| Gain since 2014: 3823%| Consensus rating: Buy
This is the second amines maker on the list. It is a maker of aliphatic amines (products derived from Ammonia). The company is a global leader in the production of ethyl amines. It is also focussing on expanding its capacity thanks to rising demand from across the globe. The stock has a ‘buy’ rating from analysts. They have a consensus target of Rs 3,651.