Mint analysis of top 500 stocks by market capitalisation showed that more than 400 stocks rose more than 50% in the said span.
Further, 247 stocks have surged more than 100%, outperforming the Nifty500 index, which has risen 93% from its March 2020 low of 6,243 to 12,055 currently.Shares of telecom infrastructure company Tanla Platforms Ltd have rallied the most in this span, surging 2179%, followed by Intellect Design Arena Ltd with 1448% returns.
Next in line are Adani Group shares with Adani Total Gas Ltd and Adani Enterprises Ltd rallying 1311% and 845%, respectively.
The stellar performance of the group’s stocks comes alongside its rapid expansion across ports, airports and gas distribution, among others.Hindustan Copper Ltd, Laurus.