Picking a stock for tomorrow, a year from now, or, for the next 20 years?
I have been spending a lot of time screening stocks, which is the next multibagger, or which company gonna boom? Seriously, finding the right company to invest might be tricky, as there are over 5000 companies listed on the Exchange.
I’ve always made investing with a goal in mind or having a timeframe. I know that SIPs are one way of building wealth over time. But how can you find and ride a 10,000% or higher return stock? finding what’s hot and what’s going to boom in the future is the one thought that has stuck with me.
Identifying and investing in a 100X return stock, in my opinion, is just being aware of what is going on and using common sense to connect the dots.
Everyone has heard of Eicher, Page Industries, and other companies that have delivered enormous returns to investors.
Page Industries Ltd.
Deep down, everyone wants to find a company or business like this. Choosing an industry that hasn’t been noticed yet. This needs a bit of work, tracking what people are consuming more of? Anything revolutionary launch expected, finding the company and then going through the financials.
So, here are a few that I’m researching more into.
Solar & Renewable Energy.
India is an ideal country for solar energy, we get a good amount of sunlight throughout the year. As a country, looking at the initiatives that the government of India is executing. There is a good chance that the businesses will grow. Considering global warming. We must eventually explore ways to generate clean, renewable energy. Solar is a zero-emission, all-green energy source.
Also, I think that adapting to the modern lifestyle will increase the use of electricity. If you see the newer generation will include air conditioning, multiple televisions, and other facilities. People will eventually consider producing their own electricity to offset this usage.
Rooftop Solar is becoming more affordable and saves a significant amount of money over time. Even the government pushing the use of green energy through schemes like solar rooftop yojana.
As a result, companies like Tata Power, Waaree Renewable Technologies Ltd, Sterling, and Wilson Renewable Energy Ltd, among others, may benefit.
If you see Tata Power, we know that Tata is developing an eco-system for EV vehicles, including the installation of public EV charging stations. They are a leading provider of rooftop solar PV installation in the city, solar water pumps for farms. As per the company financials, the demand has picked up post-Covid. the company reports strong demand across residential & Commercial clients.
Take a look at Tata Power’s performance over the last year.
Stock Broking.
As one can see, the number of market participants in India has increased. According to sources, there is a rise in demat account openings. Today’s broking companies are booming, growing at a fast pace. You should have noticed that plenty of new players have entered the broking business.
As a result, I’m sure the depository will have more demat to manage and stand to get more business. Even in exchanges, the more the participation, the more the exchange transaction fee.
Angel One, CDSL, ICICI Securities Ltd, Central Depository Services (India) Ltd, and BSE are a few stocks connecting to broking.
BSE in the last year.
I know we’ve all been inspired by Rakesh Jhunjhunwala’s stories, so if you think you’ve found the next titan, Eicher, or Asian Paints. Do share the stock with few reports and your views.
