Thread by @itsTarH

There is probably around 1 stock out of 100 that will give you a 100x return in over 10 years

That means out of 4000 listed stocks, there are less than 40 stocks that will turn 100 baggers in year 2032

40/4000 = Less than ~1%

You have better luck winning a lottery!

Aim Low.

A 100 bagger needs following characterstics

1⃣ It's unloved by the market
2⃣ It's not discovered and unknown
3⃣ Nil institutional ownership
4⃣ Management can dream big
5⃣ Management can execute
6⃣ Promoters are honest
7⃣ Business evolving into newer products

Few 100 baggers of Last Decade include

Deepak Nitrite
Bajaj Finance
Relaxo (almost a 100 bagger)

Nobody knew or loved them in the year 2010, very few discovered them, even fewer held onto them for an entire decade to deliver 100x returns.

Case Study : Bajaj Finance

Look at what the stock did since its listing in '96 to March of '09

Gone everywhere but did nothing.

There was no one (and I do mean noone) who knew in Mar'09 what was going to happen to this stock in the next 12 years.

From Rs 5 in Mar'09 the stock has risen 1103x (I can't believe this myself - If I am wrong please do tell me) to Rs 6000+

Not even Mr. Jhunjhunwala himself could predict and spot this.