Maybe Morepen Labs will become a multibagger!!!

I have been tracking a stack listed on the NSE, named Morepen Labs and have made some minor position in that stock. I like fundamentals and think that it has the potential of becoming a multi-bagger meaning one can make at least double return on capital. Do remember that this is not an investment advice and I am a license individual.

Originally Posted by smifslimited

I have been tracking a stack listed on the NSE, named Morepen Labs and have made some minor position in that stock. I like fundamentals and think that it has the potential of becoming a multi-bagger meaning one can make at least double return on capital. Do remember that this is not an investment advice and I am a license individual.

I am just adding my few reality points here

1) If you look at the chart for last 20 years - it has not given consistent / steady returns and has not been a multibagger as well - Attaching chart below

2) Also - companies outside the major indices have a lot more risk than returns to offer to investors

3) Pharma is a tough sector to analyse and i could be wrong here (Any company may suddenly do well - but as investors its important to pick companies which are ideal for long term investment and scaling)