Investors have endured considerable stock market volatility during the past few years. Given ongoing uncertainty about interest rates and the economy, investors may be wondering which stocks to buy now.
Regardless of where interest rates and the economy are headed, investors may want to own companies that offer some sense of certainty regarding cash flows and company fundamentals.
Those who have good Q2 results just invest there, also investors should follow brokers’ call. During these days Indian market is showing lots of volatility.
Today NIFTY50 & BANKNIFTY closed on negative. Today we observed big selling pressure coming in mid & small-cap stocks also. Most analysts say these days FII are selling, and DIIs are buying but the third investor's power retail & HNI are buying now. Today DIIs were net buyers and FII’s were net sellers but today DII’s buying was dominating FII’s.
These days Indian market is struggling for a few reasons:
1. Indian money is transferred to the Chinese market by FII because the Chinese market looks cheap.
2. The Indian market looks overvalued, therefore FII’s selling pressure is gradually increasing.
3. Crude oil price uncertainty.
4. The bond market is slightly strengthening.
5. Geo-political issue the war between Israel vs Iran.
6. USA election.
These are some of the reasons why the Indian market is showing more volatility.
Most analysts predict this volatility may continue for this month, whatever strong recovery we expect is to come that may see from November end. As previous data says every Diwali remains stronger for the Indian market but now things changed. Anyway, it is a market part, after the COVID period Indian market has shown one way rally.
Investors should focus on any company’s margin, because the market is looking at margin growth, not revenue or profit growth, and one thing you should check is if a company is steady on its YoY revenue & profit growth, you should invest in those companies for long-term investment.
1. Persistent Systems - The company has reported strong results for the second quarter, and the market response has been positive. However, investors may consider waiting for a correction. Any purchases within the range of 4,800 to 5,100 could be advantageous for long-term investment.
2. Coforge - Following the release of its favorable second-quarter results, Coforge experienced a notable increase of 11%. It may be wise to consider investments during subsequent corrections for a long-term strategy.
3. Bajaj Auto - Analysts remain bullish on this stock, forecasting a target price of 12000. After experiencing a significant decline near 10,000, investor interest is reemerging. Therefore, this could be an opportune time to invest.
4. Dixon Technology - While Dixon Technology presents a fundamentally sound investment opportunity, I advise caution at the current price levels. The target price of 18000 per share appears elevated for retail investors. It may be prudent to wait for a correction.
5. Torrent Power - Torrent Power appears to be a strong candidate for long-term investment. Although it is currently trading at a high point, it is advisable to consider buying on dips.
6. RVNL - For those interested in railway stocks, RVNL continues to be a promising option. It is considered a forward-looking stock for long-term investment, and purchasing during market dips could be beneficial.
Thanks for reading.
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