Why I Bought Trident - the Multibagger

 The first and foremost thing I look for on stock selection nowadays is the quality of the management. This I think is a must for investors like me with limited resources, who do not have the luxury of making risky bets.

A few years back while going through a business newspaper I read that Trident had become an accredited supplier to some big brand  in the US. Out of sheer curiosity I wanted to know more about that company, about their promoters in particular. I found that Rajinder Gupta, the promoter had studied at Harvard, was a Padmashree awardee for his work in trade and industry, was president of Punjab Cricket Association, was Vice Chairman of Punjab State Planning Board and had close contacts with the top political leaders of both the Congress and Akali Dal in his turf Punjab. In short  I could not help feeling that he was an earnest,  determined, savvy businessman to boot. His family was holding more than seventy percent of the  equity shares. The share however was languishing between 50  and 60 for quite sometime apparently in some stupor. I then had a broad look at their balance sheets  and things looked fine. I felt that while the risk was not much, the scope for price appreciation was rather high and immediately bought some shares. 

After some heavy swings the share has now perked up and I stand proven right in my choice(Can't help a bit of bragging!)