Be cautious in the stock market, investors are regretting putting money in many stocks at record highsOn December 17, 2020 by admin
new Delhi. The stock market of the country is on high and the Sensex of the Bombay Stock Exchange and the Nifty of the National Stock Exchange are setting new records daily. The Sensex touched a record high of 46882 on Thursday and the Nifty 13745. Due to the unilateral boom in the stock market, many people across the country are getting attracted towards the market and are making up their mind to invest. But there have been many times that when the market sets new records and shares of many companies are at record highs, investors invest money in them and only after the investors invest, the shares of the companies fall to the ground.
Referring to some companies whose shares were once high and today even the prices of the bulls are not selling. Yash Bank is one such company whose shares once used to be above Rs 400 and was at a record high of 404 and today Yash Bank’s share price is hovering around Rs 18. The share of aviation company Jet Airways also reached a record high of 1382, which has come down to Rs 106 today. The share of a company called PC Jewelers was once above Rs 600 and today is close to Rs 24, the company named Divan Housing was once at Rs 691 and today is at Rs 34. Shares of the company named Jayaprakash Associates, which once stood at Rs 340, have come down to Rs 6.94 today. Other such companies include Reliance Capital, Reliance Communication, Punj Lloyd, Suzlon Energy, Jammu and Kashmir Bank and Videocon Industry.
Seeing the condition of these companies shows how risky investing can be in the stock market. But the big question is, should the market always keep distance due to fear of such companies? We asked the stock market experts whether it would be a right step to invest in it at the current level of the stock market. Most market experts said that the risk of loss is less by investing in select stocks. Market expert Kunal Saraogi said that due to increasing foreign investment in Indian stock markets, there is a continuous boom and the market may continue to grow during the next 6 months to one year. Kunal Saraogi said that by December next year, the Nifty may touch 14500. He said that it will be better to invest in companies whose demand for products will increase in future, that is, investment in companies related to consumption will be better. He said that at present, investing in midcap companies is more beneficial than large cap companies in the market.
Market expert Asif Iqbal said that the current levels of the stock market are good in terms of trading but not as good for investment, but even if one is willing to invest, money can be invested in select stocks. According to market expert Vivek Mittal, at the current level, investing in midcap and smallcap stocks may be safer in the stock market, according to Vivek, the Nifty may touch 14500 and Sensex 50000 levels in the next one year.
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