Which stocks have the potential to compound like Wipro in the coming 20 years?

Wipro rode the wave of the IT revolution from the late 90s. This was once in a lifetime situation that played out through out the world with the mass adoption of internet and aided services.

Like Infosys and TCS, Wipro can be categorized as a multi-bagger that has performed consistently in the past 2–2.5 decades.

The next wave of stocks will come from areas like

1. Pharma (Covid-19 has shown the importance of the sector)
2. Software Product Companies (that will decide how Electric Vehicles(EV), Energy, and Consumption play out)
3. Defense (as India is on a modernization drive with a focus on retiring most of the Soviet/Russia-based hardware by 2030–40)
4. Hardware for IoT & Automation (as Industry 4.0 story rolls out with 4G/LTE and/or 5G rollout for civil, industrial, military, and space applications)
5. Turnkey & EPC service providers (as India with a growing economy will require new ports, renewable energy clusters, highways, public transport, etc.)

Kindly do your individual research accordingly and invest in stocks that meet the following criteria

• Debt/Equity < 50%
• ROE > 12%
• CAGR > 10%
• 10 <= P/E <= 50
• Marketcap > = 500 Cr

Hope this helps

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Happy Investing!!