Indian Indices are at all time high, albeit some frequent corrections. General opinion is, that the market is overvalued. Eventually, it will come crashing down.
But when, that’s a 3.46 trillion dollar question.
Meanwhile if you are a long term investor, you should not be worried much. As a wise investor once said, “Do not time the market; put some time in the market”. If you choose some fundamentally strong stocks and stay long, piling up as time goes by, you can expect good returns in very long term.
Bajaj Finance : The Multibagger High Flyer
One such stock which can be a multibagger is Bajaj Finance.
Bajaj Finance maintains a continuous upward trajectory giving consistant returns, YoY. The revenues increase constantly and profits follow the revenues too. It has been a multi bagger of a sort, while creating wealth for investors.
Just as an example, if you had invested in 1,00,000 shares of Bajaj Finance in March 2009, your investment would be around 5 lacs. Today at the price of 7000+, the investment would be worth 70 Cr. Yes, that’s 70 crores, which is a 1,39,900% return to your investment.
If you have successfully selected a fundamentally strong company with a level headed management and no fingers to point at then you should go long, super long.
Remember, maintain a healthy mix of various sectors in your bag. Going long one one particular sector, can have more downside,rather than upside. If one stock/sector goes belly up, the others should comfortably cushion the blow.
(Disclaimer : This is not an investment advise. The writer of this article proposes merely to represent the facts, without implying predictions to the future performance of this stock. The writer has sourced the data for this article, from a reputable third party website, which in turn get it from the exchange)
(Disclosure :The writer own stakes in the stock listed above.)