8 BSE 500 Stocks Deliver Up to 191% Returns Which Stocks Emerged as Diwali Winners?

The Indian Stock Market has been mixed over the last year, but some stocks have performed exceptionally well. Eight companies in the BSE 500 index have posted more than 100% Returns Since Diwali 2025.

As per data compiled by ACE Equities, the Nifty 50 was down nearly 3% over the period. 190 of the BSE 500 stocks were in positive territory, though only eight of those managed to more than double investors' money.

Table of Contents
  1. Which 8 BSE 500 stocks delivered over 100% returns?
  2. What could drive the market in Samvat 2083?
  3. Conclusion

Which 8 BSE 500 stocks delivered over 100% returns?

Here are the eight top-performing BSE 500 stocks based on their returns since Diwali 2025:

  1. Aditya Infotech – 191.39% returns, making it the best performer.
  2. HFCL – 186.53% returns, making it the second best performer.
  3. Welspun Corp – 180.22% returns.
  4. Laurus Labs – 153.83% returns.
  5. Ather Energy – 132.19% returns. (Electric 2 Wheeler Manufacturer)
  6. Acutaas Chemicals – 110.79% returns.
  7. Welspun Living – 107.23% returns.
  8. Aether Industries – 104.89% returns.

These performances highlight how individual stocks can outperform benchmark indices even during periods of broader market weakness.

What could drive the market in Samvat 2083?

As the new Samvat kicks in, the markets are all about corporate results, business growth and valuation to pick out the opportunities.

ICICI Direct expects Indian equities to deliver healthy double digit returns over the next 12 months on the back of earnings growth and improving market conditions.

Motilal Oswal Financial Services also expect corporate earnings to improve, with Nifty EPS growth at 16% in FY27 and 14% in FY28.

However valuations are still a key consideration (especially in the small cap space). The investor may be better off looking at companies with strong fundamentals, sustainable earnings, and reasonable valuations rather than chasing a stock based on recent returns.

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Conclusion

The performance of these eight BSE 500 stocks is a good illustration of the potential for stock-specific opportunities even when the indices are in trouble. Of course past performance is no guarantee of future results.

As the Samvat 2083 year commences, investors should be looking at the fundamentals of the company, the visibility of the earnings, the business itself, and the valuation prior to making any investment decisions.

Disclaimer: This article is for information and educational purposes only and should not in any way be regarded as investment advice. Investors are urged to carry out their own due diligence or to seek the advice of a SEBI-registered investment adviser prior to making any investment decisions.

Sources: SEBI, NSE India, BSE India, National Institute of Securities Markets (NISM), Reserve Bank of India (RBI), Ministry of Finance, Ministry of Corporate Affairs, Economic Times, Business Standard, Mint.

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