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The Past Winners page ranks the top 40 Nifty 500 stocks by calendar-year return, from 2022 through to the current year (shown as YTD). Each year's list is a historical fact — these are the stocks that actually delivered the biggest gains, not hypothetical backtests or screener outputs.
Returns are calculated as: first trading day's close price → last available close of the year. For the current year (2026 YTD), the end price is today's most recent close. This methodology captures the full calendar-year move as experienced by someone who was fully invested from the first trading session.
The universe is Nifty 500 — India's broadest large and mid-cap index, covering approximately 96% of the free-float market capitalisation of all listed stocks on NSE.
The year bar at the top defaults to the current year (YTD). Click any year button to load that year's top 40.
| Year | What to Look For |
|---|---|
| 2026 YTD | Current year's leaders — useful for identifying which sectors and themes are in favour right now |
| 2025 | Recent complete-year winners — compare with 2026 YTD to see if the same leadership is continuing |
| 2024 | Study for sector rotation — which sectors topped in 2024 vs 2025? |
| 2023 | The mid-cap and small-cap bull run year — many 300–500% gainers in Capital Goods and Defence |
| 2022 | A bear-market year for most — the handful of winners reveal which sectors held up (PSU, Energy) |
The default Table view shows all seven data points side by side. The Cards view (toggle at top left) gives a visual card-grid layout — useful for quickly scanning sectors and return magnitudes.
| Column | What it Shows |
|---|---|
| # | Rank by return — #1 is the highest annual return in the Nifty 500 for that year |
| Stock | Symbol (blue link to stock page) + company name below |
| Sector | NSE sector tag — reveals sector concentration among winners |
| Return | Full-year gain in % — always positive since these are top 40 sorted descending |
| Price Range | ₹start → ₹end — the actual rupee price journey. Hidden on mobile. |
| MCap | Current market cap in K Cr / L Cr — the size of the company today. Hidden on mobile. |
| RS | 83 green ≥70 55 amber 40–69 28 red <40 — current relative strength rating |
Don't just look at the percentage return — study the price range. A stock moving from ₹20 to ₹120 (+500%) is a very different animal from one moving ₹500 to ₹3,000 (+500%). The low-priced stock likely had a speculative run with thin liquidity. The high-priced one had institutional participation throughout. For serious pattern study, focus on stocks that were already above ₹100 at the start of the year — these moves had depth.
The RS shown is the current RS Rating, not the RS at year-end. This lets you immediately see which past winners are still showing relative strength today — they are the continuing leaders worth watching in the current year. A past winner with current RS ≥ 70 hasn't rolled over; it may be setting up for another leg.
The most powerful insight from the past winners list is sector concentration. In a typical big-winning year, the top 10–15 stocks often come from the same 2–3 sectors. When you see this pattern, it tells you:
Cross-reference with the Industry Stages tab on Markets to see if those sectors are still in an OUTPERFORMING or ACCUMULATING stage today.
Some stocks appear in the top 40 across multiple years. These are the true market leaders — stocks where the fundamental earnings story is compounding year after year. When you find a stock that appears in 2022, 2023, and 2024 winner lists, you are looking at a sustained compounder with multiple institutional holders who are adding to their position over time, not just one lucky year.
2022 was a difficult year for global markets. The Indian market was relatively resilient, but most sectors corrected. The small group of stocks that made the winners list in 2022 were either defensive (FMCG, pharma, PSU energy) or had genuinely exceptional company-specific catalysts. These stocks are worth studying — they showed absolute strength in a market headwind, which is the ultimate test of relative strength.
Use this workflow to connect past winners to current opportunities:
The Table view is better for analytical comparison — you can scan Return, Price Range, MCap and RS across all 40 stocks at once. The Cards view is better for visual absorption — you can quickly see the sector distribution by reading the rank + sector line on each card, and the large return% number is easier to emotionally register ("wow, +847%").
Think of this page as a pattern library, not a watchlist. You are building mental models of what earnings acceleration, sector leadership, and institutional accumulation look like in the data — so that when those same signals appear in 2026 or 2027, your brain recognises them faster than a screener can.
The 2026 YTD data is refreshed daily after 5 PM IST using NSE bhavcopy close prices. The end price for each stock advances one day at a time throughout the year, so the YTD return is always current to the most recent trading session.
Historical years (2022–2024) are computed from monthly price history and are static — they do not change once the year is complete. The 2025 data will finalise to a permanent state once the year rolls over to 2026.
Finmagine gives you 30+ computed financial ratios, sector benchmarks, FII/DII flows, the Finmagine Score, and AI-powered analysis — all in one place.