Thinking about diving into the stock world? Or maybe you’re exploring ways to make your money grow? The world of stock investing can be thrilling, with many chances to win big.
A useful measure to evaluate a stock’s performance is its Compound Annual Growth Rate (CAGR). This metric provides a glimpse into how the stock has fared consistently, especially when reviewed over a significant span, like a decade.
If you’re ready to invest in the stock market, the following five stocks stand out due to their commendable decade-long CAGR. Dive in, as this article reveals the top performers that have dominated the stock market charts over the last 10 years through the convenience of a stock investing app such as Dhan.
Bajaj Finserv
A leading name in the Indian financial service sector, Bajaj Finserv operates as an integral component of the renowned Bajaj Group.
Offering a diverse array of financial solutions, Bajaj Finserv specializes in insurance, lending, wealth management services, and investment, among other services, addressing the multifaceted financial needs of both individuals and businesses.
The company has established a robust presence in the Indian market since its inception following a demerger in April 2007.
Bajaj Finserv Share Price as of Nov 2023. 2023: ₹1500+
Market Cap: ₹2,52,949 Cr
Bajaj Finserv’s Share price @10Year CAGR: 35.46%
Berger Paints
Berger Paints stands out as a dominant force in India’s paint industry, popular for its extensive palette of decorative and industrial coatings. Their vast collection not only resonates with local tastes but also harmoniously aligns with the diverse preferences of Indians.
The company aims to be a one-stop solution for all paint needs reflective of its passion for fulfilling customer expectations and maintaining a pivotal role in the industry.
Berger Paints Share Price as of Nov 2023. 2023: ₹570+
Market Cap: ₹67,080 Cr
Berger Paints’ share price @10Year CAGR: 24.87%
Eicher Motors
What comes to mind when you think of iconic motorcycles? For many, it’s Eicher Motors, especially their widely adored Royal Enfield range.
These bikes aren’t just a hit in India; they’ve got enthusiasts all over the globe. Rooted in a rich history that traces back to the early 20th century, Eicher Motors has never wavered in its promise of innovation and top-tier quality.
Established in 1982, this automotive giant stands as the crown jewel of the Eicher Group in India. Are you a bike enthusiast looking for unrivaled excellence? Then Eicher Motors might be your next stock choice.
Eicher Motors Share Price as of Nov 2023. 2023: ₹3840+
Market Cap:₹ 99,784 Cr
Eicher Motors’ share price @10Year CAGR: 21.22%
Havells
Searching for reliable and innovative electrical and consumer goods? Havells India is a key player in this industry, boasting a varied lineup that includes everything from electrical appliances to diverse lighting solutions like wires, cables, and switches.
Havells has 14 advanced manufacturing plants situated in various parts of India, including Haridwar, Baddi, Sahibabad, Faridabad, Alwar, Neemrana, and Ghiloth.
Havells Share Price as of Nov 2023. 2023: ₹1,260+
Market Cap: ₹78,388 Cr
Havells’ share price @10Year CAGR: 24.44%
Shree Cements
For those involved in construction, the importance of high-quality cement can’t be overstated, and Shree Cements is a name that stands out in the Indian cement sector.
Their dedication to sustainability and quality has enabled them to carve out a substantial niche in the Indian construction materials market since they began their journey.
Shree Cements is not just a producer of high-quality cement; they’re a pioneer of environmentally responsible manufacturing practices in the cement production sector.
Shree Cements Share Price as of Nov 2023. 2023: ₹26,250+
Market Cap: ₹94,463 Cr
Shree Cements’ share price @10Year CAGR: 19.75%
Conclusion
These five companies are a notable example of success in their respective sectors. These companies have demonstrated substantial CAGR growth over the past decade and solidified their positions through their commitment to meeting their customers’ demands.
If you want to purchase these stocks, you can open an account with Dhan, one of the most renowned stock investing apps, and level up your stock market game.
