Top Multibagger Stocks Of 2024 See Trend Reversal In 2025 So Far
Some of the top gaining stocks of last year underwent sharp corrections in 2025 so far amid overall weakness in the stock market.
The year 2024 was one of high-momentum for Indian stocks, as the equity market gained for a ninth consecutive year driven by strong domestic fund inflows and a robust macro-environment. In 2025 so far, a reversal in trend could be seen, with heavy corrections in previously high-flying stocks.
The correction in stocks that gained massively in the last calendar year is largely driven by broader market weakness or sector-specific adjustments.
Some of the top 10 multibagger stocks, which massively outperformed the market in 2024, have corrected by up to around 40% in 2025.
GE Vernova T&D India Ltd., after gaining more than 300% or 4.12 times last year, has shed nearly 30% in 2025 so far.
Kfin Technologies Ltd. gained more than 218% or 3.18 times in 2024 but failed to sustain the gains and corrected nearly 40% in this year so far.
Motilal Oswal Financial Services Ltd. and Oracle Financial Services Software Ltd., after gaining more than 200% last year, have corrected by around 40%.
Anant Raj Ltd., Kaynes Technology India Ltd., Hitachi Energy India Ltd., Dixon Technologies (India) Ltd. and PB Fintech Ltd., which gained more than 150% in 2024, have declined in the range of 15% to 40% in the calendar year so far.
Among the top 10 multibaggers, only Godfrey Phillips India Ltd. has managed to sustain the gains of 2024. After surging by nearly 150% in 2024, the stock has stayed nearly flat with a marginal rise of 0.1%.
