Saurabh Mukherjea, the founder of Marcellus Investment Managers, believes that GMM Pfaudler can be a multi-bagger hereon. Mukherjea said that the business prospects of GMM Pfaudler are looking up and therefore, they continue to hold the shares and have not sold any.
He said that they continue to maintain a bullish stance on Nestle India.
Speaking in an interview with CNBC-TV18, he said, "We have been very impressed over the last 2-3 years and we haven’t sold anything in the last 2 years; we have bought consistently. We think potentially sitting on a multi-billion dollar company and hence this will be a multi-bagger. It has already been a 4-bagger for our clients; potentially it could end up being a 10-bagger in the next 3-4 years if the company continues to execute well."
"A better way to play growth proxy is play sectors which benefit from growth but these companies also have a competitive advantage, which is why we are in love with high quality Indian financial stocks for a long time. And this is why we love frontline auto stocks; and not just obvious names like HDFC Bank, Kotak Mahindra Bank, Maruti Suzuki, Eicher Motors but go one rung below that. I might have said this before that we have also bought companies like AAVAS Financiers, City Union Bank. In auto ancillaries, we have companies such as Lumax, Suprajit Engineering,” said Mukherjea.
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