ET 500: How Rs 10,000 became Rs 32 lakh in 10 years

In 2007, when realty and infrastructure stocks were darlings on Dalal Street, not many would have expected Avanti Feeds, a fish feed company, to emerge as the biggest value creator among ET 500 companies 10 years later. Likewise, not many would have expected Eicher Motors, which makes Enfield bikes, to beat larger peers Hero Moto and Bajaj Auto, by miles in value creation.

And, a preference for Ajanta Pharma over Sun Pharma, Dr Reddy's Lab or Lupin would have been considered just as unwise as selecting Kajaria Ceramics, a tiles company, over a large real estate player.



A decade later, those who decided to take the less-trodden path and dared to invest in these companies stand vindicated given the huge returns. Most importantly, the returns generated by these companies are over and above the previous market peak valuations in 2007, which shows that as long as a company is fundamentally sound, any time is the right time to invest.