Majority of CPSE stocks turn multibaggers; top-performing stock rallies 468 per cent!

The standout performer in this index is Hindustan Aeronautics Ltd, which has skyrocketed by nearly 468 per cent

The world of investing has been no stranger to turbulence in recent years, with numerous obstacles to overcome. Despite challenges, the Indian benchmark indices have performed exceptionally well and have outperformed their counterparts in the United States since April 2020. But what's even more intriguing is the exceptional performance of the S&P BSE CPSE index, which has delivered an impressive annualized return of 21.84 per cent over the last three years.

Designed to measure the performance of Central Public Sector Enterprises (CPSE) listed at BSE, this index boasts some of the most exciting sector-wise market capitalizations in Power, Oil & Gas, and Capital Goods. And with 33 stocks delivering multibagger returns, it's no wonder that many investors find this index an attractive option.

The standout performer in this index is Hindustan Aeronautics Ltd, which has skyrocketed by nearly 468 per cent in just three years, followed closely by Rail Vikas Nigam Ltd and Bharat Dynamics Ltd. It's no surprise that the S&P BSE CPSE index has become a fascinating index to watch for anyone looking to make smart investment decisions.

Here are top 5 performing multibagger stocks from the S&P BSE CPSE Index:

So, the question is, do you hold any of the above-mentioned stocks in your portfolio? If not, it may be time to consider adding them to your watchlist.