Analysis by ETMarkets has identified 23 stocks that have provided multibagger returns when held for at least three consecutive years. To be selected, stocks had to be from companies with a minimum market capitalisation of INR500 crore ($66.9m). Some of the leading performers included specialty chemicals and agrochemicals stocks, such as Alkyl Amines Chemicals, Vinati Organics, and Navin Fluorine International. Shares of information technology firm Coforge and Patanjali Foods were also identified alongside smallcap stock Quint Digital Media. Analysts recommended a stock-specific approach in the current market and the adoption of a “Quality, Value, and Growth (QVP) strategy”.
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