Indian stock market has not done well & yielded negative returns over the last 15 months with the moderate fall in large caps & massive fall in small & midcap space. However, 84 stocks turned multibagger (>2x). Here is a thread on identifying common pattern on the same (1/7)…
Out of 1500 listed companies having market cap of more than 300cr, 84 stocks/ 6% of stocks turned more than 2x in the last 15 months. Majority of them are from capital good space (25%) , EV Theme, Management/ Group change/ focus shift, value space or SME space etc (2/7)…
15 stocks turned more than 4x and most of them were unknown/ small companies at that time. However, some of them became popular during mid 2022 (3/7)
13 stocks turned more than 3x, mainly on account of management change and company specific earning tailwind (4/7)
15 stocks >2.5x and most of them are from capital goods space or travel related theme (5/7)
14 stocks >2.25x , performance was led by capital goods players, rerating due to peers listing etc (6/7)
27 stocks more than 2x and some patterns in the stocks were EV related theme, management change/ focus change , value play etc (7/7)
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