Business Today
In a year when the BSE Sensex has eked out a modest 4.5% gain, and mid- and small-cap indices have slipped into the red, the conversation around “multibagger” stocks — those rare investments that multiply wealth many times over — continues to capture investors’ imagination. But according to Devina Mehra, Founder and Chairperson of First Global, most investors are chasing an illusion. Advertisement
Speaking with Rahul Jain, SEBI-registered Individual Research Analyst, Mehra offered a candid perspective on why 99% of investors miss multibaggers, how to build conviction the right way, and what separates luck from genuine skill in long-term investing.
“People throw around the term ‘multibagger’ very casually,” Mehra said. “A real multibagger isn’t just a doubler or tripler — it’s a stock th