Despite a 18 per cent surge in 2023, Nifty is trading at a 12-month forward PE ratio of 19 times, which is at a discount to its 10-year average of 20 times.
Prakash Industries has also given multibagger returns in the last one year but it is not considered in this list as the stock was not in her portfolio in December 2022.
BT500 Wealth Creators Summit: Vijay Kedia said his simple principle is that promoters or founders of a company do not expand their businesses by looking at the market to ascertain whether it is a bull market or a bear market.
BT 500 Wealth Creators Summit latest updates: Hurun India's Anas Rahman Junaid, Honeywell Automation India's Ashish Gaikwad and Mahindra Finance's Ramesh Iyer help people navigate wealth creation in the first session of this Summit.