5 Stocks That Have Given Multibagger Returns Of Over 500% In The Past Year

The success of your investment is measured by alpha. It determines how much a stock or mutual fund has outperformed the market. The performance of the underlying securities determines whether alpha is positive or negative in the stock market. A high alpha value indicates that a particular asset or a portfolio has beaten the market, whilst a negative alpha value indicates that a lesser yield was achieved when compared to a benchmark index's returns.

The NIFTY Alpha 50 Index is designed to track the performance of NSE-listed stocks with high alphas. It is a 50-stock index that is well-diversified. Below are few stocks from Nifty Alpha 50 Index that have given exceptional returns in the past year.

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