Indian benchmark Sensex has risen 150% since March 2020 with 25 of its constituents turning into multibaggers. Tata Motors, Tata Steel, and Titan Company have outperformed the index, with Tata Motors seeing the best returns, multiplying its value more than 8 times. Mahindra & Mahindra and Maruti Suzuki India also turned multibaggers due to pent-up demand for four-wheelers and a shift towards premium categories. Banks like State Bank of India, Axis Bank, ICICI Bank, and IndusInd Bank have also outperformed, whereas the IT sector, except for HCL Technologies and Infosys, has seen multibagger returns. Bullish investors expect steady returns in 2023, particularly in domestic-oriented sectors.
Michael Burry calls Nvidia ‘heck of a trade’ after Huang’s scandal sparks $430 bn selloff. Why is Big Short fame dismissing fears?
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy