New Delhi, Nov. 14 -- The Nifty 50 has touched new highs over the past two years, and the broader market has largely kept pace.

When momentum builds around popular names, investors often overlook steady compounders hiding in plain sight. That is where bottom-up discipline matters.

The focus should be on businesses that generate strong cash flows, operate efficiently and carry little or no debt. Prefer those that remain sensibly valued despite their dominance. Some of the best examples sit among India's monopoly-style companies that command high market share and possess structural moats.

These are businesses that form the backbone of the economy, whether in capital markets, energy, transport, bioengineering or natural resources. Their s...