Learn How to Spot Multibaggers Before its Too Late | Ft. Aunali Rupani | SKP EP80

Learn How to Spot Multibaggers Before its Too Late | Ft. Aunali Rupani | SKP EP80In this episode of the Sanjay Kathuria Podcast, we host Aunali Rupani, Founder of ARM Research Private Limited, equity researcher, green investment banker, and a 30-year market veteran with deep experience across Indian and global markets.Aunali Rupani started his market journey in 1994, built ARM Research in 1996, faced bankruptcy during the 2001 Ketan Parekh crash, and rebuilt his career without losing client trust. Today, he operates from London and Dubai and is known for his research-led approach to identifying undervalued small-cap and mid-cap businesses with strong margin of safety, ROCE discipline, and long-term business quality.This episode is a complete investing masterclass on multibagger stocks, ROCE, value investing, market bubbles, global capital flows, FII vs DII behaviour, IPO traps, F&O risks, and the future of sectors like pharma, healthcare, and IT. Aunali also explains his famous “Garba Round Theory” of market tops and the incremental ROCE framework from his upcoming book ROC of Life.📘 What You’ll Learn✅ How to identify multibagger stocks before the crowd✅ Why investors sell winning stocks too early✅ The real lessons from Titan, Timex, Domino’s, and Zomato✅ Monopoly vs duopoly vs oligopoly business models✅ Why Aunali Rupani believes the US market is in a bubble✅ How the Garba Round Theory explains market frenzy✅ Why Nifty gave zero returns in two years✅ How DIIs are replacing FIIs in Indian markets✅ Stocks vs mutual funds: where investors should focus✅ Why incremental ROCE is the secret behind great businesses⏱️ Timestamps00:00 : Guest Intro & Recap00:06 : 2007 Internship: Full Circle Moment01:27 : "1 Lakh Became 12,000" — Papa ki Woh Baat02:14 : 30 Years in the Market: 1994 to 202602:44 : First Phone Call with Rakesh Jhunjhunwala03:32 : His First Big Bet 10x his Wealth04:10 : The Motilal Oswal Joint Venture Story05:09 : One Phone Call That Made Him Bankrupt06:26 : Bankruptcy Taught him the Biggest Lesson07:11 : Why Trust is the Biggest Currency08:15 : Trading vs Investing: Two Opposite Philosophies09:00 : GMR Infra & The Whirlpool Trade10:02 : Why Investors SELL Their Winners Too Early10:29 : The Titan Story: ₹27 se ₹400 Tak12:06 : Golden Advice for Investors12:53 : The Timex Turnaround: 20 se 600 in 5 Years13:20 : Fitbit vs Timex: The Wearables Mistake14:36 : The Multibagger Framework Revealed16:41 : Oligopoly vs Duopoly vs Monopoly Explained17:32 : How Dominos Became a 30,000 Cr Brand?19:56 : How Zomato became a 3 Lakh Cr brand?21:03 : Who Really Invented Food Delivery?22:05 : Why India is Only 3% of Global Market Cap24:59 : "US Market is DEFINITELY in a Bubble"25:32 : World War 3 Has Already Started26:06 : The Divisive Index Explained28:16 : Why Warren Buffett is Sitting on $400B Cash29:32 : THE GARBA ROUND THEORY31:45 : Why Top Global Stocks Crashed?33:44 : Why Nifty Gave ZERO Returns in 2 Years.37:34 : India’s Healthcare Sector is the Next Goldmine38:45 : Will AI Kill the Indian IT Sector?39:35 : Impact of 100% Pharma Tariff40:31 : India's Geopolitical Balancing Act42:44 : How DIIs Replace FIIs in Indian Markets?46:06 : Stocks Vs Mutual Funds : Where to Invest?48:12 : "I Don't Have Time" is Not an Excuse49:22 : Should You Apply in IPOs?51:25 : Futures & Options Trap Explained53:09 : Advice for a 25 Year Old Investor55:27 : Should you Buy Penny Stocks?57:35 : SME IPO’s Real Problem58:42 : THE SECRET: Incremental ROCE1:01:07 : Closing Thoughts & Outro🧵 Hashtags#AunaliRupani #MultibaggerStocks #SanjayKathuriaPodcastDisclaimer: This podcast is for educational purposes only and is not investment advice. Stocks and companies discussed are examples used to explain concepts, not recommendations. Please consult a SEBI registered advisor before making any financial decision.