Large-cap stock picks: For long-term investors: A moat of a different kind; 5 large-cap stocks with an upside potential of up to 38%

In the early 1990s, the concept of “replacement cost” caught the fancy of Dalal Street. It was, at its heart, nothing but a simple argument: If one was to build a business at that point of time, it would take X amount of money, so the existing stocks should at least be valued at that cost of replacement. This argument was questioned and debated for a while before the street finally moved on to other concepts. Now, why are we bringing this up at