Great time to make fundamently strong blue chip portfolio

I agree that is why I corrected my decision by covering 66% of my sold quanity. I may cover rest in future .I lost money in this process due to my wrong call.

 

Admitting our mistakes and correcting is a great value .... it will help in stock market also
very few persons do it like this

 

Exited 1/3 quantity of Lupin today morning and had exited 1/3last week and Invested in Rel Capital

 

This strategy I have to learn.thanks.

 

You are not alone.... Even I 'missed this bus' (to Dalal Street) despite recommendations being made in here even a year ago

 

karur vaysya is excellent only problem with its investment in gvk once it is sorted out it will be next rbl

 

hdfc have almost 5 % stake in rbl

 

Market looks uncertain, it has already knocked down many manipulators along with their followers after union budget which introduced LTCG tax to Derail Indian Stock Market. Market is preparing for uncertain local political post 2019 Election situation and global uncertainty . Investors should also prepare for this and change their portfolio
from Speculative to Solid fundamental strong blue chip stocks which can participate in Indian Growth in this tough situation . In members view which stocks are expected to Stand Tall in this uncertain environment .

 

100% agreed i want to buy Rites Ipo stock on correction because it is blue chip psu stock

 

Till now Top Quality Stocks were leading the bull run which made this bull run very skewed. But this has made Quality Stocks very expensive . As now due to higher PE ratio of Quality stocks, market may stagnate for some time and even may give very small stock Specific corrections in few Quality Stocks. This is not time to panic but to keep your buyng list ready and avail any opportunities this market may give in stocks of your choice. Re rating in Top Quality stocks seems to be over, but they may keep going up in long run as per their earnings growth. So keep always a distance from poor Quality Stocks and keep on accumulating Quality Stocks slowly on any minor minor stock specif corrections for long term wealth creation. No recommendation but for discussion.

 

RITES is a great stock. You can also consider Engineers India which has better margins and high dividend yield.

The stock has been recently recommended because it will benefit from the OMC capex cycle.