Stockwire

How I chanced upon nine multibaggers

There are so many people who knew very little about investing but made money in equity, using skills in their respective fields

About twelve years ago, I got to know about nine companies and made a list of their names. I know that is hardly a memory worth sharing but let me build up my case. Had I invested ₹1,000 in each of them (₹9,000) what would have been the worth of that sum today even if you were to indulge in a wild guess? I'll prick your curiosity a little more. If I had invested that money in the Sensex, it would have grown to ₹96,298 (including dividends), a compounded yield of 21.84 per cent. But hold your breath for those stocks' value today: a mind-boggling ₹5,22,100 - a whopping 43 per cent compounded return! You must be desperate about the criteria and method by which I found these nine stocks. Well, at that time I wasn't an analyst and knew nothing of the stock market. I just chanced upon these stocks due to the fact that the construction of our family house was underway and a lot of work related to the construction got alloted to me. All I did was pick up the best available stuff. For example, I bought submersible pump from KSB Pumps; ACC was chosen as the cement brand which was used after mixing Dr Fixit, a brand from Pidilite's stable, for water proofing and roof-sealing. Havells took care of the wiring needs and electrical fittings came from Bajaj Electronics. The cupboa


Other Categories