{"id":54678,"date":"2025-04-04T17:44:35","date_gmt":"2025-04-04T12:14:35","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=54678"},"modified":"2025-11-07T14:07:26","modified_gmt":"2025-11-07T08:37:26","slug":"the-five-year-surge-how-20-covid-stocks-expanded-50x","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/the-five-year-surge-how-20-covid-stocks-expanded-50x\/","title":{"rendered":"The Five-Year Surge: How 20 Covid Stocks Expanded 50x"},"content":{"rendered":"
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It has been five years, and yet 2020 remains as fresh a memory as yesterday. The lockdown caused businesses and the stock market<\/a> to go into a slumber. However, the market post-COVID has recorded a strong rebound over the last five years, such that in 2025, twenty stocks that were seen as risky investments<\/a> in 2020 recorded a return of nearly 50 times this year. What caused the surge? Let\u2019s decode.<\/p>\n\n\n\n

List of COVID Stocks That Grew 50x:<\/h2>\n\n\n\n
Company Name<\/strong><\/td>Previous Close (Rs.)<\/strong><\/td>Price Change in 5 years (%)<\/strong><\/td>1-year Return %<\/strong><\/td>Net Profit (FY2024) (Rs. Cr.<\/strong><\/td><\/tr>
PG Electroplast<\/td>936.9<\/td>331.29<\/td>361.12<\/td>137.01<\/td><\/tr>
Transformers & Rectifiers (India)<\/td>514.75<\/td>181.19<\/td>120.46<\/td>47.01<\/td><\/tr>
CG Power and Industrial Solutions<\/td>615.95<\/td>117.66<\/td>12.15<\/td>1004.36<\/td><\/tr>
Zen Technologies<\/td>1,453.60<\/td>57.78<\/td>40<\/td>129.5<\/td><\/tr>
BSE<\/a><\/td>5,620.85<\/td>57.33<\/td>90.87<\/td>699.84<\/td><\/tr>
Gravita India<\/td>1,781.60<\/td>54.13<\/td>57.38<\/td>242.28<\/td><\/tr>
BLS International Services<\/td>404.25<\/td>54.11<\/td>10.09<\/td>325.62<\/td><\/tr>
HBL Engineering<\/td>528.5<\/td>47.13<\/td>1.8<\/td>262.66<\/td><\/tr>
Sarda Energy & Minerals<\/td>528.9<\/td>46.65<\/td>123.12<\/td>508.63<\/td><\/tr>
Jupiter Wagons<\/td>376.45<\/td>45.8<\/td>-5.3<\/td>333.74<\/td><\/tr>
Elecon Engineering Company<\/td>455.1<\/td>45.45<\/td>-11.71<\/td>349.7<\/td><\/tr>
Neuland Laboratories<\/td>12,052.55<\/td>41.92<\/td>76.12<\/td>300.08<\/td><\/tr>
Action Construction Equipment<\/td>1,298.70<\/td>38.8<\/td>-18.73<\/td>328.2<\/td><\/tr>
Godawari Power And Ispat<\/td>206.2<\/td>36.73<\/td>35.6<\/td>922.18<\/td><\/tr>
Inox Wind<\/td>158.56<\/td>33.77<\/td>14.91<\/td>-50.78<\/td><\/tr>
Reliance Power<\/a><\/td>43.16<\/td>32.55<\/td>24.02<\/td>-2242.18<\/td><\/tr>
Tata Teleservices (Maharashtra)<\/td>59.94<\/td>31.86<\/td>-29.32<\/td>-1228.44<\/td><\/tr>
Suzlon Energy<\/td>57.49<\/td>31.27<\/td>29.03<\/td>660.35<\/td><\/tr>
Titagarh Rail Systems<\/td>825.7<\/td>30.11<\/td>-17.16<\/td>291.04<\/td><\/tr>
NAVA Limited<\/td>524.95<\/td>28.79<\/td>94.56<\/td>1255.32<\/td><\/tr><\/tbody><\/table>
(Data as of 4th April 2025 taken based on the five-year returns of the 20 COVID stocks 
Source: NSE<\/a> and MoneyControl) <\/figcaption><\/figure>\n\n\n\n

Overview of The Top COVID Stocks That Gave 50x Returns in 5 Years<\/h2>\n\n\n\n
    \n
  1. PG Electroplast Limited:<\/strong><\/li>\n<\/ol>\n\n\n\n

    PG Electroplast Limited (PGEL), the flagship company of PG Group, was incorporated in 2003 and has grown into a leading provider of Electronics Manufacturing Services (EMS) in India. The company specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and plastic injection molding, catering to over 45 Indian and global<\/a> brands across consumer durables, consumer electronics, bathroom fittings, and automotive industries.<\/p>\n\n\n\n

    With over 3,800 employees, PGEL has expanded its capabilities through capacity enhancements, diversification, and backward integration. The company reported a turnover of Rs.2,148 crores in FY2023 and has grown over 10 times in the last eight years, reaching Rs.2,760 crores in FY2024 at a CAGR<\/a> of 34%. Sustainability initiatives include solar energy adoption and waste management programs, with nearly 50% of energy needs met through renewable sources. Source: Annual Report<\/a><\/p>\n\n\n\n

      \n
    1. Transformers & Rectifiers (India) Limited<\/strong>:<\/li>\n<\/ol>\n\n\n\n

      Transformers & Rectifiers (India) Limited (TRIL) manufactures power, furnace, and rectifier transformers, catering to power generation, transmission, distribution, and industrial sectors. Established in 1981 and headquartered in Ahmedabad, TRIL operates on a B2B model and has expanded its presence to over 25 countries, with more than 16,000 installations worldwide. <\/p>\n\n\n\n

      The company offers diverse transformers, including power transformers up to 500MVA & 1200kV class, specialty transformers, series & shunt reactors, and mobile substations. TRIL has completed dynamic short circuit tests on over 135 transformers at recognized laboratories such as KEMA and CPRI. As of FY2024, the company reported its highest-ever order inflow of Rs.2,049 crores and a standalone revenue of Rs.1,273.31 crores. Source: Annual Report<\/p>\n\n\n\n

        \n
      1. CG Power and Industrial Solutions:<\/strong><\/li>\n<\/ol>\n\n\n\n

        CG Power and Industrial Solutions Limited is a global enterprise providing end-to-end solutions for utilities, industries, and consumers in electrical energy management. Headquartered in Mumbai, the company has a legacy of over 86 years and operates in two key segments: Industrial Systems and Power Systems. It manufactures various products, including motors, drives, traction motors, propulsion systems, transformers, switchgear, and signaling relays, catering to industrial, power, and railway sectors. <\/p>\n\n\n\n

        In recent years, CG has expanded into consumer appliances, including fans, pumps, and water heaters. The company operates manufacturing facilities across nine locations in India and one in Sweden. Now a part of the Murugappa Group, CG has focused on capacity expansion, investing Rs.220 crores in production. In FY24, it reported consolidated revenue of Rs.8,046 crores, reflecting a 15% YoY growth. The company also distributed an interim dividend of Rs.199 crores and received a credit rating upgrade to \u2018IND AA+\u2019\/Stable. Source: Annual Report<\/p>\n\n\n\n

          \n
        1. Zen Technologies Limited:<\/strong><\/li>\n<\/ol>\n\n\n\n

          Zen Technologies Limited is a defense technology company specializing in combat training and counter-drone solutions. Established in 1993 and headquartered in Hyderabad, India, the company designs develops and manufactures advanced simulation and security systems for the Indian armed forces, paramilitary forces, and state police. Its product portfolio includes training simulation equipment, anti-drone systems with a detection range of up to 4 km, and annual maintenance contracts. <\/p>\n\n\n\n

          Zen dominates tank simulators, with a market share exceeding 95%. The company has expanded into international markets, particularly in the Middle East, Africa, and CIS countries. In FY24, it reported revenue of Rs.430.28 crores, marking a 167% increase from the previous year, with an order book valued at approximately Rs.1,402 crores as of March 31, 2024. Over the last five years, Zen has invested Rs.85+ crores in R&D and has applied for more than 155 patents. Source: Annual Report<\/a><\/p>\n\n\n\n

            \n
          1. BSE Limited:<\/strong><\/li>\n<\/ol>\n\n\n\n

            BSE Limited, formerly the Bombay Stock Exchange<\/a>, is India\u2019s first stock exchange, established in 1875 on Dalal Street, Mumbai. It was also Asia\u2019s first stock exchange and the first in India to receive permanent recognition under the Securities Contract Regulation Act of 1956. BSE provides a trading platform for equities, debt instruments, derivatives, mutual funds<\/a>, and commodities. It is recognized for its trading speed of 6 microseconds, making it the fastest stock exchange in the world. <\/p>\n\n\n\n

            The exchange introduced the S&P BSE SENSEX<\/a> in 1986 as a benchmark for market performance and became India\u2019s first listed stock exchange in 2017. In FY 2023-24, BSE reported a total income of Rs.1,617.90 crores, marking a 70% year-on-year increase, while its net profit grew by 97% to Rs.404.14 crores. The company also created a Capital Redemption Reserve of Rs.1,730.64 crores due to share buybacks. Source: Annual Report<\/a> and Company Website<\/a><\/p>\n\n\n\n

            NIFTY50 During 2020-2025:<\/h2>\n\n\n\n
            \"\"
            Source: Money Control<\/a> <\/figcaption><\/figure>\n\n\n\n

            <\/p>\n\n\n\n

            Between 2020 and 2025, the NIFTY<\/a> 50 demonstrated positive growth, marked by periods of volatility and recovery. In 2020, the index rebounded strongly from the COVID-19-induced market crash, delivering a return of approximately 16.1%. This momentum continued in 2021 with a peak annual return of 24.6%, supported by strong corporate earnings and economic recovery. However, in 2022, market returns moderated to 4.3%, reflecting global uncertainties and inflation<\/a> concerns. The index regained strength in 2023, posting a return of around 19.8%, driven by domestic inflows and economic resilience.<\/p>\n\n\n\n

            In 2024, the NIFTY 50<\/a> reached an all-time high of 26,277.35 in September before experiencing a correction, ultimately closing the year with a 9.4% gain. Despite some fluctuations, the positive trend extended into early 2025, with the index rebounding in March after earlier declines. Finally, as of 4th April 2025, NIFTY50<\/a> generated a return of 183.34%.<\/p>\n\n\n\n

            Bottomline:<\/p>\n\n\n\n

            The Indian stock market<\/a> between 2020 and 2025 demonstrated a notable recovery and overall growth. The 50 times return by 20 stocks likely represents a confluence of a recovering market, specific sectoral booms fueled by government policies and global events, and company-level performance, potentially amplified by market enthusiasm surrounding the “COVID stock” narrative. <\/p>\n\n\n\n

            Identifying such high-growth opportunities requires understanding macroeconomic trends, sector-specific dynamics, and a thorough analysis of individual company fundamentals<\/a>. So the next time the market inclines towards one sentiment, analyze every factor and decide to invest accordingly. <\/p>\n\n\n

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