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Hidden Multibagger Stocks by Devendra (RA: INH000026488)
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Disclaimer: I am a SEBI Registered Research Analyst (RA: INH000026488). All stocks, market updates, and investment-related information shared in this channel are strictly for educational and informational purposes only.
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The market has still not corrected properly, and I feel that more panic selling may occur this month. Typically, the panic-selling phase lasts for about two to three months. This is why I believe that panic selling by retail investors will pave the way for the next bull run after the Q3 results. Until then, panic selling may continue. DIIs may try to manipulate the index, but the correction in small- and mid-cap stocks could still continue.
Since November, small- and mid-cap stocks have been falling mainly due to panic selling by retail investors. Once panic selling begins, many retail investors exit the market because they entered with the expectation of earning regular profits, as they did during the bull market. However, after enduring nearly a year of a painful bear market, these investors start leaving because they believe the market will not recover.
If FIIs return, the recovery in portfolios will be very fast. FIIs are smart money—they continue selling until retail investors panic and exit the market. Once panic-driven retail investors leave, FIIs start accumulating. This is exactly what happened between January and March 2023, when the market formed a bottom after heavy retail panic selling, leading to the next bull run from April 2023.
In 2023, January to March was a painful period during which small- and mid-cap stocks crashed. However, recovery began in April 2023, and new emerging sectors such as defence and railways took leadership, while old multibaggers from IT, pharma, and chemicals moved to the back burner.
This is how market cycles work.
“Knowledge Marine” belongs to a new sector and represents an emerging theme in marine infrastructure, with the potential to deliver multibagger returns. 🚀
The stock looks promising, as FIIs have recently increased their stake substantially, which suggests that a turnaround may be underway.
During a bear phase, we need to identify such opportunities. Not every stock will become a multibagger, but even if only 50% of your selections turn into multibaggers, you can still create significant wealth.
Selecting multibagger stocks during a bear phase is a very difficult task because high volatility causes prolonged underperformance. However, regularly monitoring potential multibagger stocks—such as tracking their quarter-on-quarter performance, business strength, and price behavior—helps build strong conviction.🚀
"Cupid Ltd " is delivering unbelievable returns even during a painful bear market. 🚀
One positive factor for the company is the recent increase in promoter holding.
Cupid Ltd did not participate in the 2023–24 bull run; instead, it remained in a phase of consolidation throughout 2024. This is why many people are confused about how an old multibagger stock is once again generating multibagger returns.
90% of old multibagger stocks that participated in the 2023–24 bull run are likely to underperform in the coming years.
This is why stock selection during a bear phase is not an easy task. You need to identify stocks from new or emerging sectors that are not popular on social media. 🚀
In all my YouTube videos, I clearly stated that the market would fall first before the start of the next bull market and then gradually prepare for a bull run. Exactly the same thing is happening now.
That is why, two months ago, I mentioned that November–December 2025 would be a painful period for the market, at a time when many so-called experts were predicting a bull run because the market was trading at all-time highs. I repeatedly said that the market would correct before the next bull run and even specified the time frame as November–December 2025.
This is why, if you understand the psychology of retail investors and FIIs, you can accurately identify market corrections and predict what is likely to happen over the next two to three months.
Panic selling by retail investors is a normal phenomenon in every bear phase, especially when the bear market is nearing its end. Many retail investors become frustrated after enduring a painful bear market for more than a year, particularly those who entered the stock market expecting quick profits by relying only on technical charts, social media influence, or without understanding market cycles. As their portfolios continue to bleed, these impatient investors start exiting the market.
There is no other way to truly understand a bear market. This is why technical charts cannot provide accurate market information during a bear phase. The only effective approach is to understand the psychology of retail investors and FIIs—when they buy, when they sell, and why they sell.
Only investors with strong patience who are holding good-quality stocks will create real wealth over the next one to two years once the market recovery begins.
We are in the final stage of the bear market, and panic selling by retail investors is a clear indicator that we are in the last leg of this phase. During this period, small- and mid-cap stocks tend to correct sharply due to panic-driven selling. As I mentioned earlier, I expect a good move in the market after the Q3 results. FIIs are waiting for the market to reach more reasonable valuation levels, and I believe that panic selling by retail investors is providing a golden opportunity for the market to correct, especially since DIIs were earlier preventing a meaningful correction.
In fact, this is one of the best phases to build a portfolio, as valuations are gradually becoming more attractive. The ongoing consolidation is creating a strong base for the next up move while also giving investors sufficient time to accumulate stocks gradually instead of rushing in. If you already have a portfolio and are looking to deploy additional capital, this is a good time to add in a phased manner. For those who could not start investing in the post-COVID period over the last few years, this could be an ideal opportunity to begin building an equity portfolio and position themselves for the next two to three years.
If you keep waiting for the next rally to begin before investing, the move could be sharp, and the market may not provide comfortable entry points once it takes off.🚀
Today’s FII and DII data is not accurate due to the ₹1,700 crore Akzo Nobel block deal. The major fall in small- and mid-cap stocks today is primarily due to panic selling by retail investors, which has been continuing since November.
The last phase of a bear market is extremely painful. Many retail investors who lack patience, and who invested near the top during the bear phase under the influence of social media, are now slowly exiting as their portfolios continue to erode. Most of these investors do not understand what a bear market is and make investment decisions based on misleading predictions from so-called social media experts.
However, this is the final phase of the bear market, and FIIs are likely to return after the Q3 results. This is the time to hold high-quality stocks in your portfolio. During panic selling, even fundamentally strong stocks tend to fall.
FIIs are expected to be less active from next week due to the Christmas holidays. December 19 is a very important day for global markets, as the Bank of Japan will announce its interest rate decision.
As I had predicted two months ago, November–December 2025 would be painful months for the market, and that is exactly what has happened. This level of accuracy is possible only when you understand the psychology of retail investors and FIIs. Otherwise, it becomes impossible to explain why portfolios are falling every day. You can check social media experts, they cannot clearly explain the real reason behind the market decline. If you fail to identify the true cause of the market fall, you are likely to make wrong decisions.
I had already mentioned that November–December 2025 would be painful months for the market. We are in the final stage of the bear market, during which panic selling by retail investors is common. Many investors panic due to the slow erosion of their portfolios, especially those who entered the market due to FOMO, without understanding bear market cycles, and those who invested based on false predictions by social media experts about the frequent start of a bull run over the last seven months.
During panic selling, retail investors tend to sell small- and mid-cap stocks, which is why the pain is more severe in these segments. I have repeatedly said that the market must fall before the next bull run begins. That is why it is important to understand how a bear phase works; otherwise, so-called social media experts will misguide people with superficial reasons for the market decline, such as Trump tariffs, trade deals, or rupee depreciation. This pain is likely to continue throughout this month.
We are in the final stage of the bear market. This phase is like slow poison, where you gradually see erosion in your portfolio. During this period, many retail investors who entered the market for short-term gains—without a proper plan to handle a bear phase and who invested randomly—tend to exit the market out of frustration.
Unfortunately, social media rarely explains how to deal with a bear market. Instead, many people simply blame external factors, such as Trump tarrif for market underperformance. Investors who accumulated stocks from emerging sectors near the bottom are likely to recover quickly once the bull market returns. However, those who invested randomly at the top, without analysis or a clear understanding of the market’s 360-degree change during a bear phase, may remain trapped in such stocks for an extended period.
The purpose of this final stage of the bear market is to bring valuations down to more attractive levels before the next rally begins. This is not unusual; it is a normal market cycle, which I have explained repeatedly in my YouTube videos. I have consistently said that the market would fall first before the next bull run starts, and that is exactly what is happening now.
Our predictions do not go wrong because we understand each stage of the bear market and use a different approach to analyze the stock market. As stated earlier, do not expect any meaningful gains in your portfolio until the Q3 results are announced. Throughout December, the market is likely to remain painful, as we are currently in a valuation adjustment phase, and this correction is expected to continue for the entire month.
"Interarch Building Solutions" a multibagger stock, continues to show strong resilience in this weak and falling market and appears to be preparing for its next major move.🚀🚀
FII non-stop selling continues, exactly as I had predicted. Two months ago, I clearly stated that November–December 2025 would be painful months for the market, and now we are approaching the end of December witnessing the same. Our predictions are proving accurate because we focus on what is likely to happen over the next two to three months, not on short-term noise.
Many so-called experts on social media are blaming the market fall on the depreciation of the rupee against the dollar. However, when I made this prediction two months ago, I had no idea that the rupee would depreciate. Therefore, such explanations are meaningless. The real reason for market underperformance is continuous FII selling, which has been ongoing for the last seven months and is still continuing.
Is the dollar index playing any major role here? No. This is why it is essential to truly understand a bear market and think beyond conventional narratives. If you remain influenced by social media news, you will never understand how markets behave during a bear phase.
This is precisely why 95% of participants lose money in bear markets—they fail to identify the root cause of the problem. Instead, they blame factors like Trump, tariffs, or trade deals, which are largely irrelevant. If you do not understand the nature of a bear market and do not plan how to handle a prolonged and painful phase, your capital will inevitably get wiped out due to wrong decisions at every stage.
Bear markets often last more than a year. During this period, many investors who take the bear phase lightly end up losing significant capital. I explained the bear phase in detail in all my YouTube videos from the very beginning of this cycle. Unfortunately, those videos have now been removed by YouTube. However, anyone who watched them will never repeat the same mistakes in their investing journey.
People who come to the market only for tips, without any interest in understanding market dynamics, tend to lose heavily during bear phases.
"Acutaas Chemicals" a multibagger stock from an emerging sector, is sustaining above the 1600 level despite a continuously falling market, which indicates strong strength in this counter.🚀🚀
"Cupid Ltd " is delivering unbelievable returns even during the bear phase.🚀
"Cupid Ltd" did not participate in the 2023–24 bull run; instead, it remained in a phase of strong consolidation throughout 2024.
💥How Technical chart false Signals Trap Retail Investors in Bear Phases💥
Now you understand how a bear market cycle works. In a bear phase, nothing works—no technical charts, no Trump statements, no trade deals, and no GST-related news. To understand the stock market during a bear phase, one must first understand FII psychology.
Where are those experts who were predicting a bull run when the Midcap Index and Nifty were at all-time highs? This clearly indicates that technical charts completely fail to predict future market movements during a bear phase. They work well in a bull market because prices are generally moving only upward.
For the last seven months, I have consistently said that the market would not cross its all-time high in 2025. I also predicted a painful period in November–December 2025, when the market was at its peak.
This is why technical chart experts fail to identify the bear phase at its beginning. As soon as the market enters a bear phase, technical charts start giving misleading signals. As a result, many retail investors get trapped for an extended period because they primarily follow technical analysts.
I do not blame technical chart , but I want to highlight the reality: technical charts fail to provide a proper market outlook in a bear phase, and 95% of people are unaware of this fact. This is why traders incur huge losses during bear markets when they rely on technical charts to take a trades.
In a bear market, the only effective way to understand the stock market is through FII psychology, retail investor behavior, SIP flows, macroeconomic conditions, and FED etc. Without understanding these factors, it is impossible to truly understand a bear market.🚀
"Interarch Building" a multibagger stock from an emerging sector, is sustaining above the 2400 level despite a continuously falling market, which indicates strong strength in this counter. Stocks that did not participate in the previous bull run have a high probability of participating in the next bull run.🚀🚀
" Knowledge Marine" a new sector and a new theme in marine infrastructure, poised to deliver multibagger returns.🚀
