Want a multibagger? Sunil Singhania reveals what to look for

Every investor dreams of finding the next multibagger—a stock that delivers outsized returns and transforms portfolios. But while most chase market fads or tips, Sunil Singhania has a different approach. The founder of Abakkus Asset Management and one of India's most seasoned stock pickers, Singhania believes that identifying multibaggers isn't about luck or formulas. What it requires is doing the unglamorous work of digging into annual reports, understanding change, reading the signs early and trusting time more than trends. He doesn't just speak from theory. In a talk delivered at a CFA Society India event, Singhania laid out a grounded and richly illustrated framework for spotting multibaggers—built on case studies, long-term thinking and deep respect for business fundamentals. Let's walk through some of his strategies of spotting multibaggers: The market itself can be a multibagger Before talking about individual companies, Singhania reminds investors that multibagger returns don't always require picking obscure stocks. Sometimes, just staying the course with discipline can deliver extraordinary outcomes. He points to the BSE Small Cap Index, which has delivered a 27 per cent annual return over the past decade, effectively growing 10 times in 10 years. In his words, "the market itself has been a multibagger". He also recalls the journey of the Reliance Growth Fund, now called Nippon India Growth Fund, which has turned Rs 1 into Rs 400 since

This article was originally published on March 21, 2025.