On 28 May 2025, the Nifty 50 closed at 24,752 points, showing a marginal decline of 0.3%, while the Sensex finished at 81,312.32 with a 0.29% decline. The market showed resilience despite the slight downturn, supported by strong domestic consumption and robust corporate earnings.
The technology sector exhibited notable strength, followed by banking and financial services. Energy and manufacturing sectors also contributed positively to market performance.
Market analysis highlights that certain stocks that doubled in value in India stand out for their exceptional long-term performance, particularly those that have demonstrated substantial growth over the past five years.
Five Stocks That Doubled in Value in the Last Five Years
Here are the five best-performing stocks in the last five years that have shown remarkable growth, doubling their value over the last five years:
Tech Mahindra Ltd. [NSE: TECHM]
Tech Mahindra has experienced substantial growth over the past five years, leveraging its strong position in the IT services sector. The enterprise recently gave details about a crucial partnership with Microsoft to accelerate cloud adoption across industries, enhancing its service portfolio with advanced AI capabilities.
The enterprise continues to enhance its global footprint with significant new deals worth $798 million in the enterprise segment. Understanding how to identify multibagger stocks often involves recognising companies like Tech Mahindra that consistently strengthen their position in growing sectors such as communications, media, and entertainment verticals.
Key Details of Tech Mahindra Stocks:
| Parameter | Value |
| Closing Price (as of 5 June 2020) | ₹579.85 |
| Closing Price (as of 28 May 2025) | ₹1,580.30 |
| Percentage Growth in Last Five Years | 172.54% |
| Trading Volume | 11,51,300 |
| Company Type | Largecap |
| Market Cap | ₹1,55,554 crores |
| Beta | 0.93 |
Coal India Ltd. [NSE: COALINDIA]
Coal India has transformed its market perception through strategic diversification beyond traditional coal mining. The company achieved a record coal production of 781.1 MT in FY25, compared to 773.6 MT in FY24.
Coal India has initiated significant investments in renewable energy projects, allocating ₹25,000 crore for solar and wind capacity development over the next three years. This diversification strategy has positively influenced investor sentiment, contributing to the stock’s impressive performance as one of the best-performing stocks in the last five years in the energy sector.
Key Details of Coal India Stocks:
| Parameter | Value |
| Closing Price (as of 5 June 2020) | ₹144.85 |
| Closing Price (as of 28 May 2025) | ₹398.20 |
| Percentage Growth in Last Five Years | 174.91% |
| Trading Volume | 45,24,069 |
| Company Type | Largecap |
| Market Cap | ₹2,45,214 crores |
| Beta | 1.25 |
UltraTech Cement Ltd [NSE: ULTRACEMCO]
UltraTech Cement has consolidated its market leadership in the cement industry through strategic acquisitions and capacity expansion. The company recently announced plans to invest ₹1500 crore to enhance its production capacity across various markets.
UltraTech Cement has partnered with AMPIN Energy to source power from a 75 MW solar project, aligning with global sustainability trends.
Key Details of UltraTech Cement Stocks:
| Parameter | Value |
| Closing Price (as of 5 June 2020) | ₹3869.55 |
| Closing Price (as of 28 May 2025) | ₹11,238.00 |
| Percentage Growth in Last Five Years | 190.42% |
| Trading Volume | 2,62,108 |
| Company Type | Largecap |
| Market Cap | ₹3,31,926 crores |
| Beta | 1.03 |
Bharti Airtel [NSE: BHARTIARTL]
Bharti Airtel has demonstrated remarkable growth driven by expanding digital service offerings and increasing average revenue per user (ARPU).
Bharti Airtel continues to expand its 5G infrastructure by adding 25,000 new sites in FY 25. Airtel’s digital services portfolio, including Airtel Payments Bank and Wynk Music, has contributed significantly to its revenue diversification strategy, marking it one of the most noteworthy stocks that doubled in value in India in the telecommunications sector.
Key Details of Bharti Airtel Stocks:
| Parameter | Value |
| Closing Price (as of 5 June 2020) | ₹573.58 |
| Closing Price (as of 28 May 2025) | ₹1,856.10 |
| Percentage Growth in Last Five Years | 223.59% |
| Trading Volume | 37,04,979 |
| Company Type | Largecap |
| Market Cap | ₹10,79,877 crores |
| Beta | 0.93 |
Axis Bank [NSE: AXISBANK]
Axis Bank has strengthened its position in the banking sector through robust digital transformation and strategic business acquisitions. Axis Bank has enhanced its retail portfolio with the successful integration of Citibank’s consumer business.
The bank’s digital initiatives, including the expansion of its mobile banking application capabilities, have attracted several new customers in FY25. Asset quality has improved, with the gross non-performing assets (GNPA) ratio decreasing to 1.28% from 1.46% a year ago, positioning it among the high-growth potential stocks for 2025 in the financial sector.
Key Details of Axis Bank Stocks:
| Parameter | Value |
| Closing Price (as of 5 Jun 2020) | ₹405.30 |
| Closing Price (as of 28 May 2025) | ₹1,194.70 |
| Percentage Growth in Last Five Years | 194.77% |
| Trading Volume | 43,62,349 |
| Company Type | Largecap |
| Market Cap | ₹3,70,407 crores |
| Beta | 1.09 |
Final Words
The Indian equity market has witnessed significant wealth-creation opportunities over the past five years. The stocks that doubled in value in India highlighted above represent companies that have successfully navigated economic challenges while capitalising on sectoral growth opportunities. Their performance demonstrates the importance of strong fundamentals, strategic vision, and adaptability in achieving sustainable growth.
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