Shares of these firms are worth over 1,000% of their 2005 value

AHMEDABAD: Had you invested Rs 5,000 to buy 1,000 sharesof Symphony Ltd in 2005, your investment today would have grown to Rs 18.85 lakh.

The Ahmedabad-based air-cooler maker is one of the few Gujarat-based companies giving returns in excess of 1,000% to shareholders in the past decade 

Symphony is leading the pack of best-performing Gujarat companies in terms of increase in share prices Stock Market Tips

The stock of the company surged 36,934.38% to touch Rs 1,885.05 on July 7, 2015 from Rs 5.09 a share on January 3, 2005.

The rapid rise has catapulted its promoter Achal Bakeri to the elite club of billion-dollar businessmen in India this year.

Other companies to have had a dream run on the bourses during the past decade include Cera Sanitaryware, Vadilal Industries and Hitachi Home and Life Solutions India.

The share prices of these firms rose by 5,163.10%, 4,250.29% and 3,830% respectively since 2005.

Vadodara-based Alembic Pharmaceuticals, Atul, Zydus Wellness and three-wheeler maker Atul Auto from Rajkot too have given an over 1,000% return to investors Commodity Trading Tips

Interestingly, the sensex has risen 321.78% till date from the 6,679.20 points it recorded on January 3, 2005.

Similarly, the price of gold, which averaged around Rs 7,000 per 10 grams in 2005, has increased to Rs 26,570 per 10 gram currently, offering a return of 279.57% in a decade.

Analysts opine that most of these companies innovated their products with time and aligned business strategies in line with the growth in consumer demand Commodity Trading Tips

"Companies like Symphony, Cera and Vadilal came up with new concepts and those concepts clicked, improving their sales and profit margins," said Nilesh Kotak, a city-based stock analyst.

In fact, Gujarat-based small and medium-sized companies managed to offer bigger returns than larger players.

Zydus Wellness's focus on niche segment of wellness products and expanding its reach to new areas seems to have paid off.

The company has witnessed 18 to 20% compounded annual growth over the past few years. Innovation in ice-cream products and diversification into frozen foods segments worked in favour of Vadilal Group Nifty Trading Tips

Analysts opine that these firms innovated their products with time and aligned business strategies in line with the consumer demand