{"id":319396,"date":"2026-10-21T11:49:42","date_gmt":"2026-10-21T06:19:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=319396"},"modified":"2026-10-21T11:49:42","modified_gmt":"2026-10-21T06:19:42","slug":"make-in-india-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/make-in-india-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top Make in India Stocks to Watch for Future Multibagger Potential: HAL, CG Power and Syrma SGS"},"content":{"rendered":"

HAL Rs 4,959. CG Power Rs 855. Syrma SGS Rs 1,547.60. Market caps from Rs 32,631 crore to Rs 3.33 lakh crore. Data as of 20 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

HAL, CG Power and Syrma SGS are the 3 picks in this Make in India stocks watchlist, with market caps between Rs 32,631 crore and Rs 3.33 lakh crore. HAL stands out for the highest return on equity at 22.21%, while CG Power offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01. PE ratios run from 35.73 to 103.94, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.<\/p>\n<\/p><\/div>\n

Make in India stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HAL, CG Power and Syrma SGS meet that test, with market caps from Rs 32,631 crore to Rs 3.33 lakh crore and HAL offering the highest return on equity at 22.21%. These companies build aircraft, power equipment and electronics in India, which links their growth to local manufacturing demand.<\/p>\n

This list covers manufacturers with local production, rising profit and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening Make in India stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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