multibaggers: Where should you look for the next multibagger?
The portfolios which you manage are centred around buying into utilities. They are cheap and are big beneficiaries of low interest rates. What is the way forward for utilities which normally do well when rates are coming down rather than a pro inflation environment? Actually we were looking at it recently. We researched stocks where valuations are very cheap relative to history and we came out with utilities. It is still the cheapest sector relative to history at this point of time. And that continues despite the move in the last three months because you have to look at how it is on a one-yea...