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)
There are more chances of losing money in search of multi-baggers and taking on bad quality stocks. Not saying this is a bad or good stock though. If you have conviction, then take small positions and keep the allocation suitable according to your risk apetite.
Disclaimer: Securities Market is subject to Market Risks, please consult your Certified Financial Advisor before investing.
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