Chasing multibaggers
Chasing multibaggers Identifying and investing in “multibagger” stocks has always been a popular topic of discussion in the context of equity investments. The annals of stock markets are replete with folklore about how famous investors successfully identified and invested in “multibagger” stocks and made extraordinary returns. The marketing pitches made by several financial service providers often include the claims of identifying multiple “multibagger” stocks at the “right time” and riding on these till the end. Drawing inspiration from these folklores and claims, many investors strive to find “multibagger” stocks for investing. However, as the anecdotal evidence would suggest, very few of them are actually able to identify and invest in such stocks. It is also common to find investors lamenting that they did actually identify a potential “multibagger” at the right time, but either did not invest in it; or invested an insignificant amount in it ; or the worst, exited the...