New Delhi, April 1 -- Wonderla Holidays is a multibagger, having delivered a 350% return in less than two years leading up to the end of 2023. The boost in investor sentiment followed upbeat fundamentals since the June 2022 quarter.

Even before that, Wonderla was a strong counter, having delivered a robust 15% compound annual return in the five years leading up to the pandemic. Established in 2000 by the founder of V-Guard, Wonderla operates four parks spread across 278 acres and enjoys strong brand recall. Despite operating in a ruthless industry, it has leveraged its brand presence, conservative expansions, and cost efficiencies to continue flying higher.

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While it ha...