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Eye on the prize: Ten-baggers still abound amid tepid benchmark returns

The analysis is based on 1,401 companies with their September-end price data since 2004

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

Sachin P Mampatta Mumbai
The number of companies that return ten-fold investments has kept rising despite increasing volatility and recession fears looming over the market.

A total of 251 companies returned ten times their investments (called ten-baggers in market parlance) over a 10-year holding period ended September 2022, compared to 224 during a similar holding-period in the previous year. The number of 10-baggers within a three-year holding period also rose from 16 in September 2021 to 55 in September 2022. The five-year holding period shows 34 stocks as of September 2022 compared to 38 in September 2021 (chart 1).

The analysis is based on

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First Published: Oct 25 2022 | 11:35 PM IST

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