Apple mkt cap in 2010 was 100 billion$
In 2020, it was 1 trillion$(10 bagger in 10 years)
A person who do not buy Apple share assuming that “elephant cant grow”, missed the opportunity to get a 3 bagger in the next 4 yrs. Now in 2024,its mkt cap is 3 trillion$.
There are many such examples in stock market. Any giant cap possess same story.
As long as the company is in the right country, run by right management, holds/grows customers through its brand value, company continues to grow at reasonably good rates.
HDFC bank is one such financial conglomerate. At 16 PE, its a steal.
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