Why you must add these under-the-radar monopoly stocks to your watchlist

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Indian Railways, a behemoth in the railway industry. What about monopoly in stock exchanges? Well, the BSE competes directly with the National Stock Exchange (NSE). So, there is no monopoly there.

However, the Multi Commodity Exchange of India (MCX), which trades basic metals and energy, has a monopoly on trading of these commodities. We are huge admirers of monopoly stocks. But do you know who else likes them? It's none other than investing legend Warren Buffett.

He has made most of his wealth by investing in monopoly stocks. He refers to these stocks as companies with economic moats. What is a moat? An economic moat is a company’s ability to maintain competitive advantages over its competitors to protect its long-term profits and market share.

Now, the theme of monopoly stocks is very popular among rational investors. To counteract this herding bias towards only the top and well-known monopoly companies, we have filtered out a few lesser-known monopoly stocks for you to add to your watchlist. Let’s delve deeper into some of the hidden gems that hold more than 80% of the market share in their respective industries.

C E Info Systems (MapmyIndia), popularly known as MapmyIndia, is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS"), software as a service (“SaaS"), and platform as a service (“PaaS"). The company is India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies. It accounts for 95% of the total marketcap of the industry.