Looking for a multibagger? Puneet Khurana shares success mantra for finding one

economictimes.indiatimes.com:

“I might sound very conservative in my thinking here, but how I think about a multibagger is a 25% CAGR for about 5 years’ time which is a 3x in 5 years,” says Puneet Khurana, CIO & Fund Manager, Stoic Investment Managers.

In an interview with ETMarkets on the sidelines of Investing Accelerator Summit 2023, Khurana said: “In our experience and corroborated from our research, that you increase the odds when you are in the 3000-15000 crore market cap space with companies having strong historical fundamentals, exciting valuation zones and growing companies” Edited excerpts:

Multibaggers no matter how much/many someone wants – it will never be enough. Why is finding a multibagger tough for retail investors?
In a way, this question is ironic. In the sense that by the very definition of “Multibagger”, it is not just about finding the right stock but riding through the journey that a stock takes on its way to be a multibagger.

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So essentially finding the stock is the first and a small part of the entire equation. It is about holding for the most part and selling when the journey ends that leads to having multibaggers in the portfolio.

In fact, I believe that with the democratization of information flow, most retail investors have access to know-how on good stocks and many of the investors do end up making good selections in portfolios with a bit of work on their part and a bit by borrowing the wisdom from other learned investors.

The trap most retail investors fall for is that they