
The relentless plunge in the stock price of Innoventive Industries has destroyed the wealth of a number of investors. Heading the list is Kenneth Andrade’s IDFC Mutual Fund which holds a big chunk of shares bought at a high rate
Warren Buffett’s timeless advice is that investors must ensure that the business of the stock they are buying has competitive strength. Taking a cue from that, Nomura has identified India’s 10 most competitive companies. Not surprisingly, each of the stocks has been a super-duper multibagger in the past. A sensible investor will just buy the stocks of these companies for multibagger returns in the future as well
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