Motilal picks 29 multibagger stocks

Financials, discretionary to see explosive expansion: Study

- FE BUREAU

MOTILAL OSWAL FINANCIAL Services has identified 29 compounding stocks, as the brokerage sees India shifting to a multi-trillion-dollar (MTD) opportunity over the next 17 years.

“The world is getting wealthier by the day, and so is India. As an economy gets wealthier, the wealth effect kicks in, which further boosts economic growth, which in turn, propels wealth, creating avirtuous cycle of growthand wealth creation,” its 30th Annual Wealth Creation Study (2020-2025) said.

Motilal sees India’s GDP quadrupling again — from $4 trillion in 2025 to more than $16 trillion in 2042.“In this MTD opportunity, financials (including capital market) and consumer discretionaries will see explosive expansion as they hit the tipping point,” the study said.