What Airtel Teaches Us About 100-Baggers: Dhirendra Kumar’s Investment Playbook

In this episode of Market Masters, Dhirendra Kumar, CEO of Value Research, shares a deep and thought-provoking framework for identifying potential 100-bagger stocks. Moving beyond clickbait and short-term market noise, he explains what truly drives long-term wealth creation—factors like scalability, pricing power, clean governance, and capital allocation discipline. Using real examples, including Airtel in the early 2000s, Dhirendra highlights how markets evolve and how investor behaviour often lags behind business transformation. He also flags the warning signs—cyclical tailwinds, equity dilution, and governance grey zones—that can derail a promising story. More than just numbers, this episode focuses on the mindset, patience, and conviction required to ride a stock for 10–15 years. If you're building a serious long-term portfolio, this is one Market Masters episode you can't afford to miss.