Here is a list of top 25 stocks that qualify for ‘Ten Baggers’, according to Ambit

• If a stock is able to appreciate ten-fold in value from the date an investor initially purchases it, it can be referred to as a ‘Ten Bagger’
• The best of the list are the ones who managed their finances efficiently before the crisis struck.
• Here are the top 25 stocks that qualify as ‘Ten baggers’

If a stock is able to appreciate ten-fold in value from the date an investor initially purchases it, it can be referred to as a ‘Ten Bagger’.

However, such investments are relatively rare to spot on D-street even during good times. And in spite of the fact that coronavirus crisis has affected stock valuations, an Ambit research report picked 25 stocks that can be qualified as ten baggers. It basically means that one can invest in them to swell in value ten times over.


“Ten Bagger portfolios essentially consist of companies which are identified as ‘Great’ on our greatness formwork. After two major sharp falls that markets witnessed in 2009 and 2011, we observe that the ‘Great’ firms made a stronger comeback in comparison to broader market or ‘Mediocre’ firms,” says Ambit, an asset management firm.

The best of the list are the ones who managed their finances efficiently before the crisis struck. “Lockdowns due to Covid-19 have led companies to a point where they are not generating any revenues, but are still spending on recurring fixed costs. Obviously, companies with high net cash on their balance sheet will be in a better position to overcome this situation. Secondly, companies with a history of superior capital allocation practices, consistently high growth capex and high cash generation capabilities will have added advantage when the situation eases,” the report said.

The brokerage divided its Ten Bagger into three sections. Those that come under attractive valuations are trading below their five-year average. Moderate valuations have been trading below, or nearly at their five-year average and the rich valuations are trading above five-year average or more.

Here are the top 25 stocks that qualify as ‘Ten baggers’

These 17 companies fall under 'attractive valuation.'

S. no.	Companies	YTD change %
1	Avenue Supermarts Ltd	28%
2	Bosch Ltd	-32.04%
3	Page Industries	-23.33%
4	Natco Pharma Ltd.	-2%
5	Sundram Fasteners Limited	-32.87%
6	Graphite India Ltd	-31.47%
7	Tata Elxsi Limited	-2.17%
8	Balrampur Chini Mills Ltd	-46.87%
9	NOCIL Limited	-17.12%
10	Jubilant FoodWorks Ltd	-3.80%
11	L&T Technology Services Ltd	-19%
12	Dr Lal Pathlabs	4.15%
13	Avanti Feeds Ltd	-28.68%
14	Honeywell Automation India Ltd	4.65%
15	Aditya Birla Fashion and Retail Ltd	-51.73%
16	Larsen & Toubro Infotech Ltd	-13.75%
17	Whirlpool Of India Ltd.	-11.19%

These two companies fall under 'moderate valuation.'

S. no.	Companies	YTD change %
1	3M India	-9.13%
2	Ramco Cements Ltd	-26.10%

These four companies fall under 'rich valuation.'

S. no.	Companies	YTD change %
1	Hindustan Unilever Ltd	12.24%
2	Indraprastha Gas	11.68%
3	Abbott India Limited	35.39%
4	NIIT Technologies Ltd.	21.40%