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The Journey of a Crorepati Stock
Dec 13, 2019


Back in India, we have had such 'crorepati stocks' too.

And their journey over the past decade has been nothing short of spectacular.

Take the case of a bicycle tyre maker. The company diversified into making tyres for off-the-road (OTR), industrial and construction vehicles by mid 1990s.

Dalal Street was focused on the largest player in the tyre market, MRF. Meanwhile, this unknown company kept steadily increasing its market share. About a decade later, the company had enough cash flow to repay all its debt. Profits kept compounding.

But Balkrishna Industries, was still a name not even many brokers were familiar with.

Like Wang and Qian, a few Indians were early investors in the stock of Balkrishna. The company's strong financial performance was just one of the reasons why they kept adding to their investment in the stock.

As expected, a decade later they found themselves amongst the first set of 'Balkrishna crorepatis'.

The benefit of buying the stock cheap and consistently adding over the years, compounded dramatically over the long term.

This Chart Of The Day was published in The 5 Minute WrapUp - My Blueprint for a Crorepati Stock

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