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A 100-bagger is simply a stock that jumps from Re 1 to Rs 100. These are rare gems and many well-known investors have turned wealthy because some of the stocks in their portfolios have become a 100-bagger.

Along with the many initiatives taken by the government in favour of the Indian automotive industry and the gradual easing of certain challenges such as the pandemic and the shortage of semiconductors, Sunil Bohra, Chief Financial Officer, UNO Minda Group, is quite positive about the way ahead. 

The cautious mood in the market was seen for the third straight session as investors were inclined toward selling their holdings in stocks, which are still highly valued. Investors are also eyeing US FOMC minutes, which are expected to throw some light on the market direction in the near term. 

The Asia Pacific markets rose as a reaction to the interest rate hike by the Bank of New Zealand.

After losing the momentum for the first two trading sessions in the current week, the benchmark indices opened higher on Wednesday. However soon, the benchmark indices erased most of the initial gains and were seen trading flat amid a volatile session.