Don’t Panic, Stay Calm & Buy Stocks: Porinju Veliyath

Porinju Veliyath has sent out the clarion call that we should not panic at the melt down in the market but should instead take the opportunity to tuck into top-quality stocks

If you have a stock query, you can ask at the Stocks Talk Forum!. Some knowledgeable investors may have an answer

Porinju Veliyath is a contrarian to the core. Not only does he buy stocks that nobody is interested in, but he also buys at a time when everybody is selling.

This simple contrarian strategy has helped Porinju Veliyath rake in millions from the stock market.

Porinju’s latest tweet seeks to drill some wisdom into us:

The carnage in mid, small-caps will be over by this week. Be conservative and very selective while bargain hunting in this space!

— Porinju Veliyath (@porinju) March 25, 2015

(The carnage in mid, small-caps will be over by this week. Be conservative and very selective while bargain hunting in this space!)

Porinju also hinted that two stocks are ripe for a buy. The first is Selan Exploration, one of Porinju’s all-time favourite stocks. Selan has been beaten out of shape in the crude melt-down (it is down 53% in six months). Porinju suggested Selan on the basis that “Crude seems to be bottoming out at last!”.

Porinju also sent out a look-out notice for Future Consumer Enterprise Ltd (FCEL) of the Kishore Biyani group.

“FCEL | 10.50 – Mgmnt buying consistently! Only company in the group worth researching; clean balance sheet and futuristic business model!” Porinju tweeted.