As 2025 draws to a close, the Indian equity market has cemented its place as a resilient global player. Despite facing significant global headwinds, the year saw a remarkable streak of growth, with the Nifty 50 and Sensex concluding their tenth consecutive year of annual gains.
- Stock Market Landmarks
- The Leaders of the Pack: Stocks at All-Time Highs
- Large-Cap Stocks That Hit New All-Time Highs
- Titan Company Ltd
- Hindustan Zinc
- Vedanta Ltd
- State Bank of India
- Larsen and Toubro
- Auto Sector Shines Bright
- Maruti Suzuki India
- Eicher Motors
- Mahindra and Mahindra
- Infrastructure and Banking Leaders
- Adani Ports and SEZ
- Axis Bank
- The Bottomline
While the broader indices struggled to keep pace with some emerging market peers, a select group of blue-chip stocks and sectors hit historic all-time highs (ATH), driven by a mix of domestic policy support and a robust recovery in corporate earnings.
Stock Market Landmarks
The final quarter of 2025 was a period of high drama for Dalal Street. After a 14-month gap, the benchmark Nifty 50 and Sensex surged back to record highs in November. This rally was underpinned by strategic tax cuts in the Union Budget, where the zero-tax limit was raised to ₹12 lakh, and aggressive interest rate reductions by the Reserve Bank of India (RBI).
- Nifty 50 Performance: The index climbed approximately 10% over the year, reaching the sentimentally significant 26,000 level as of late December.
- Sensex Performance: The 30-share benchmark advanced about 8.5%, showing steady progress despite intense foreign institutional investor (FII) outflows that reached a record $18 billion for the year.
- Domestic Liquidity: Domestic institutional inflows acted as a vital stabiliser, totaling $87 billion, with equity mutual fund inflows reaching ₹3.22 trillion through November.
- IPO Landmark: 2025 will be remembered as the largest IPO year in India’s history. A total of 103 mainboard companies went public, raising an unprecedented ₹1.75 lakh crore.
(Source: Reuters, The Economic Times)
The Leaders of the Pack: Stocks at All-Time Highs
Amidst the volatility, several companies emerged as true wealth creators, hitting new all-time highs as the year wound down.
| Name | Sector | Total MktCap (₹ Cr.) | All-Time High (ATH) | Date of ATH | 1Y Return |
|---|---|---|---|---|---|
| Maruti Suzuki India | Automobile | 5,24,077.65 | 16,818.00 | 30 Dec 2025 | 54.08% |
| Eicher Motors Ltd | Automobile | 1,97,152.58 | 7,374.50 | 29 Dec 2025 | 47.67% |
| Hindustan Zinc | Metals & Mining | 2,64,251.45 | 656.35 | 29 Dec 2025 | 44.51% |
| Vedanta Ltd | Metals & Mining | 2,36,637.13 | 616.00 | 29 Dec 2025 | 37.70% |
| State Bank of India | Banking | 1,49,504.00 | 999.00 | 26 Nov 2025 | 23.51% |
| Mahindra & Mahindra | Automobile | 4,54,534.66 | 3,795.00 | 01 Dec 2025 | 21.98% |
| Titan Company Ltd | Consumer Durables | 3,53,676.25 | 4,031.70 | 29 Dec 2025 | 21.94% |
| Adani Ports & SEZ | Infrastructure | 3,15,574.70 | 1,549.00 | 01 Dec 2025 | 19.87% |
| Axis Bank | Banking | 3,87,006.07 | 1,304.00 | 27 Nov 2025 | 16.54% |
| Larsen & Toubro | Infrastructure | 5,56,931.43 | 4,140.00 | 27 Nov 2025 | 13.19% |
(Note: The ranking is done based on the 1 year returns and the stocks are scanned based on the highest market cap as of Dec, 30 2025)
(Source: NSE, Screener)
Large-Cap Stocks That Hit New All-Time Highs
Several market leaders across sectors recorded fresh lifetime highs in 2025. Below are the top stocks by market capitalisation that achieved this milestone.
Titan Company Ltd
Titan Company reached an all-time high of ₹4,031.70 on December 29, 2025. With a market capitalisation of ₹3,53,676.25 crore, the consumer durables major delivered a one-year return of 21.94 percent and a five-year return of 154.85 percent. Titan’s leadership in jewellery, watches and eyewear, backed by a strong retail network and brand trust, supported sustained investor interest.
Hindustan Zinc
The world’s largest integrated zinc producer, holding a 77 percent market share in India and ranking among the top five global silver producers. Hindustan Zinc touched a record high of ₹656.35 on December 29, 2025. The metals and mining company commands a market capitalisation of ₹2,64,251.45 crore. The stock rose 44.51 percent over one year and 61.39 percent over five years.
Vedanta Ltd
A global natural resources conglomerate with dominant positions in aluminium, zinc, oil and gas, and an expanding footprint in semiconductors. Vedanta shares climbed to an all-time high of ₹616.00 on December 29, 2025. With a market value of ₹2,36,637.13 crore, the diversified natural resources company posted a one-year return of 37.70 percent and an impressive five-year return of 277.43 percent.
State Bank of India
India’s largest banking organisation with over 50 crore customers and 23,085 branches, rooted in a legacy of over 200 years. State Bank of India, hit a record high of ₹999.00 on November 26, 2025. SBI’s market capitalisation stood at ₹1,49,504 crore. The stock delivered 23.51 percent returns over one year and 248.46 percent over five years.
Larsen and Toubro
An EPC and high-tech manufacturing giant operating in 50 countries, spanning the entire “design to delivery” spectrum for core sectors. Larsen and Toubro scaled a lifetime high of ₹4,140.00 on November 27, 2025. The company’s market capitalisation was ₹5,56,931.43 crore. It returned 13.19 percent in one year and 212.34 percent over five years, aided by strong order inflows and infrastructure spending.
(Source: NSE, Screener, And About Us Pages of Larsen and Toubro, State Bank of India, Vedanta, and Hindustan Zinc)
Auto Sector Shines Bright
Automobile stocks were among the biggest contributors to new highs in 2025.
Maruti Suzuki India
Spearheading the Indian automotive revolution with the iconic Maruti 800 launched in 1983, the company focuses on infusing design and technology to meet evolving customer expectations. Maruti Suzuki hit an all-time high of ₹16,818.00 on December 30, 2025. With a market cap of ₹5,24,077.65 crore, the stock gained 54.08 percent in one year and 116.34 percent over five years. Consistent demand and product innovation supported the rally.
Eicher Motors
Parent company of Royal Enfield, a global leader in middleweight motorcycles, and partner in the VE Commercial Vehicles joint venture with Volvo Group. Eicher Motors reached a lifetime high of ₹7,374.50 on December 29, 2025. The stock commands a market capitalisation of ₹1,97,152.58 crore. It delivered 47.67 percent one-year returns and 182 percent over five years, driven by Royal Enfield’s global presence.
Mahindra and Mahindra
A highly diversified multinational with leadership in the automotive and tractor sectors, alongside interests in aerospace and clean energy. Mahindra and Mahindra touched a record high of ₹3,795.00 on December 1, 2025. With a market cap of ₹4,54,534.66 crore, the stock rose 21.98 percent in one year and an outstanding 400.08 percent over five years.
(Source: NSE, Screener, Mahindra and Mahindra, Eicher Motors, Maruti Suzuki India Official Websites)
Infrastructure and Banking Leaders
Adani Ports and SEZ
India’s largest commercial port operator, accounting for nearly one-fourth of the country’s cargo movement across 13 domestic ports. Adani Ports scaled a fresh high of ₹1,549.00 on December 1, 2025. The infrastructure major has a market capitalisation of ₹3,15,574.70 crore. The stock delivered 19.87 percent returns in one year and 189.89 percent over five years.
Axis Bank
The third largest private sector bank in India, serving 59 million customers with a balance sheet size of ₹16,09,930 crores as of March 2025. Axis Bank recorded an all-time high of ₹1,304.00 on November 27, 2025. With a market value of ₹3,87,006.07 crore, the bank returned 16.54 percent over one year and 99.89 percent over five years. Growth in retail banking and digital leadership supported investor confidence.
(Source: NSE, Screener, Adani Ports Official Website, Axis Bank Official Website)
The Bottomline
Market participants expect Indian equities to post stronger returns in 2026. Improving earnings visibility, stable economic growth and reasonable valuations are expected to support sentiment. While global cues remain mixed, domestic fundamentals continue to provide a solid foundation.
Stocks that set new all-time highs in 2025 reflect the depth and resilience of India’s equity markets, highlighting sectors and companies that are well-positioned for long-term growth.
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