5 Multibagger Stocks that Rallied 100%+ in 2025

When the headlines are flashing red and portfolios are shrinking, being on the other side of things and remaining an optimist feels like a superpower.

As Trump continues to rattle global markets, investors are left scratching their heads and struggling to make sense of the long-term fallout.

We have written about how the implementation of Trump's tariffs can impact India. The dominant narrative is that India would continue to fare well and the growth story is still alive. So, long-term investors should stay the course.

In 2025 so far, benchmark indices BSE Sensex and Nifty 50 have fallen marginally by 2%. But the impact on broader markets is severe with the BSE Midcap index falling 10% and the BSE smallcap index declining over 14%.

While many stocks have been taken to the cleaners and are available at attractive valuations now, there are some outliers which have continued their rally despite all the noise.

In today's editorial, we look at 5 such stocks that have rallied in 2025 so far and what lies ahead.

Take a look...

#1 RRP Semiconductor (290%)

First on the list is RRP Semiconductors.

The stock has almost turned into a 3-bagger in 2025, with its price rising from Rs 185 on 1 January 2025 to Rs 723 at present.

That's a 290% jump in less than 4 months.

RRP Semiconductor is engaged in the business of electronics, information, and technology through dealing in semiconductor & digital chips.

The company's stock price has been on a roll since May last year after it ventured into a new business of electronics devices and semiconductors.

If you look at its financials for the past 5 years, you'll be surprised to see that it has reported losses and has generated zero business revenues.

So, what exactly changed for RRP Semiconductor that its stock price saw a huge rally in 2025?

Well, going by its latest earnings, the company seems to be on track to make a turnaround this year and post a profit.

That's right. After several quarters of losses and miniscule business activity, the company has finally received some orders which have resulted in a profit for the past three quarters.

In February 2025, the company also announced its foray into the fabless semiconductor market, marking a strategic shift towards independent design and development of semiconductor solutions.

What has helped the company scale through this year is its collaboration with the technology partners in Europe.

As per its management, the newly acquired application-specific integrated circuit (ASIC) design is a game changer which will enable RRP to manufacture a wide range of automotive components and chips at scale.

Currently, many of these components are being imported. The estimated market potential of this business is set to grow from US$ 25 million (m) to over US$ 100 m within two years of deployment, going by the management commentary.

If all goes according to plan, RRP Semiconductor will be in a good position to scale its business, given the huge projected market of over US$ 30 billion (bn) by 2031 for ASICs.

All being said, investors should research more about the company's management, and the change that happened last year which resulted in a low current promoter holding of 1.3%.

For more details, check out RRP Semiconductor's financial factsheet.

#2 Elitecon International (273%)

Next up, we have Elitecon International (erstwhile Kashiram Jain).

The stock has rallied 273% in 2025, with its stock price shooting up from Rs 104 on 1 January 2025 to Rs 387 at present.

Elitecon manufactures and trades tobacco-based products in both domestic and international markets.

The company currently operates in overseas markets including the UAE, Singapore, Hong Kong, and European countries like the UK.

It has three brands under its kitty - Inhale in the cigarette category, Al Noor in the sheesha category, and Gurh Gurh in the smoking mixture category.

So, what explains the steep rally in its stock price over the past couple of months?

Well, Elitecon is on track to post a steep jump in its FY25 bottomline, going by the performance for the past few quarters.

In FY24, the company posted a profit of Rs 50 m. In the years before that, it had zero or no business activity and a string of losses.

But in the first three quarters of FY25, it has already surpassed the topline and bottomline figures of FY24.

Going forward, the company plans to expand its product range to include items like chewing tobacco, snuff grinders, match lights, matches, matchboxes, pipes, etc.

Elitecon has recently seen two big resignations in the form of its CFO and company secretary.

The current promoter holding stands at 75%, with another 15.5% held by FIIs and the rest 9.5% with retail investors.

For more details, check out Elitecon's financial factsheet.

#3 Colab Platforms (267%)

Next on the list is Colab Platforms.

In 2025 so far, the company's stock price has rallied 267%. On 1 Jan 2025, its stock price stood at Rs 31, and it currently trades at Rs 113.

Colab Platforms deals in computer hardware and software processing job-work and trading of shares & securities.

What explains the steep rise in its stock price in 2025 so far?

Well, the company is entering new and emerging areas that's got investors excited. Recently, Colab Platforms announced its entry into the Rs 500 bn predictive gaming market to unlock new revenue streams.

In fact, the company is slowly transforming into a sports-tech company by organic as well as inorganic means of acquiring smaller companies.

It has acquired Northern Challengers in the Big Cricket League and has also launched a sports e-commerce marketplace in recent months.

Along with this, its financials are also improving. Profits have grown over the past three financial years, with this year expected to be the best ever.

Colab Platforms has also announced a stock split (second split in 2 years). The record date for the same is expected to be notified to the exchanges in due course.

The growth of online gaming market and users flocking to predictive sports presents a big opportunity for Colab to expand and provide a seamless ecosystem.

For more details, check out Colab Platforms' financial factsheet.

#4 Bio Green Papers (238%)

Fourth on the list is Bio Green Papers.

On 1 January 2025, Bio Green Papers used to trade at Rs 25 per share which has currently shot up to Rs 87.

At the first glance, you may imagine the company is a green energy player, going by its name.

But when you do a little digging, Bio Green Papers is actually a software company which integrates finance, games, and communities like metaverse, etc., into Web3.

It builds gaming communities, invests in Web 3.0 projects, and provides liquidity & market making as a service for digital assets.

Bio Green also has offices in Hong Kong and UAE and possesses some unique business licenses.

So, what explains the steep rally in Bio Green Papers stock this year?

Till FY23, the company was a loss-making entity and it finally turned around in FY24 by posting a profit of Rs 110 m.

Going by the first 3 quarters on FY25, the company has already surpassed the profit figures for previous year, and the current quarter is expected to add to the bottomline.

The company has recently announced a rights issue of equity shares, wherein existing shareholders have the option to buy additional shares at a special price.

The company will issue 67 equity shares of Rs 10 each, at a premium of Rs 42 per share.

Bio Green has a user base of over 3 m across its gaming platforms, as per its latest Q3 filing.

The company is currently handling US$ 200 m worth volume every month which it plans to take up to US$ 1 bn per month, in the next 6 months.

As of December 2024, promoter holding in the company stands at 89%, which it may have to bring down in the next couple of quarters by way of rights issue, preferential issues, etc.

For more details, check out Bio Green Papers' financial factsheet.

#5 NACL Industries (157%)

Fifth on the list is NACL Industries.

In 2025 so far, its stock price has gone up by 157%, rising from Rs 67 per share to Rs 172 at present.

NACL is an established player in the agrochemical market, dealing in both technicals and formulations, catering to the Indian as well as international markets.

The company has over 50 products covering all major crops with a strong logistic presence.

Over the years, NACL has become one of the most reliable contract manufacturers for multinational companies (MNCs).

So, what explains the steep rise in its stock price this year?

The company recently entered into a share purchase agreement with Coromandel International wherein Coromandel will buy 26% of the voting share capital at Rs 76.7 per share, which is about Rs 4 bn at full acceptance.

Investors have taken this as a big positive as Coromandel is an established strong player in the agrochemical market.

Coming to NACL's financials, its revenue has grown at a CAGR of 16% in the past 5 years. The company posted a loss in FY24 owing to a weak industry scenario and intense competition.

Going forward, the company has big expansion plans out of which some have already progressed to commissioning stages.

Its Srikakulam technical plant is in the process of increasing capacity from 17,000 MTPA to 25,000 MTPA.

The company is also planning to acquire land for capacity expansion.

It would be interesting to see how the company operates once Coromandel becomes the promoter.

For more details, check out NACL Industries financial factsheet.

Which Other Stocks Have Rallied in 2025?

Apart from the five above, here are a few more stocks that have gained big even in this volatile market environment.

Big Gainers of 2025 so far

Company Name	Current Price (Rs)	Price as on 1 Jan '25	Change (%)
Kaveri Seed Company Ltd.	1568.65	875.75	79%
LKP Finance Ltd.	378.35	212.4	78%
Blue Pearl Agriventures Ltd.	23.16	13.17	76%
GRM Overseas Ltd.	312.8	200.2	56%
JSW Holdings Ltd.	24347.4	16084.55	51%
Indo Thai Securities Ltd.	2000	1337	50%
Godfrey Phillips India Ltd.	7304.2	5020.05	46%
Amal Ltd.	635	437.5	45%
Anand Rayons Ltd.	219.55	153.5	43%
Shraddha Prime Projects Ltd.V	161.7	113.5	42%
Vadilal Enterprises Ltd.	11459.55	8089.15	42%
Vadilal Industries Ltd.	5698	4036.55	41%

Data Source: Equitymaster

Conclusion

Every bear market or a volatile phase plants the seeds for the next bull run.

This is when great businesses go on sale and are available at bargain prices. That's the irony of investing... stocks are the only thing that many people hate to buy when they go on sale.

As my colleague Tanushree Banerjee pointed out in one of her recent editorials, "You can't predict, but you can prepare".

Here's a ready 7-point checklist by Tanushree to prepare and turn this tariff crisis into an opportunity...

• Do NOT Sell in Panic
• Review Your Portfolio Allocation
• Be Very Selective
• Consider Dividend Bargains
• Don't Sideline Smallcaps
• Have a Watchlist
• Allocate in a Deferred Manner

For a detailed overview, check out the full editorial here.

Happy Investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...