Nifty Defence index rockets 200% in 2-years; 12 stocks turned multibaggers – Defence Surge

Over the past two years, the benchmark Nifty 50 index has delivered a solid gain of around 35%. However, during the same period, the Nifty India Defence Index experienced an extraordinary surge, skyrocketing by nearly 200%. This remarkable rally made the Defence sector the best-performing sector on the Indian stock market, significantly outperforming all others. For comparison, the second-best performing sector was BSE Realty, which gained approximately 92%, less than half the returns seen in the Defence sector. Given this standout performance, we’ve identified 12 stocks within the Nifty Defence Index that became multibaggers, delivering exceptional returns over the two years. (Data Source: ACE Equity)

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