@Mudit.Kushalvardhan, There are multiple styles of investing and is better to stick to one’s own style. If you are an employed individual and have limited time like me, you can choose a style based on purely fundamentals. Else, if you want to keep a tab on market sentiments and wanted to ride the momentum, stick to technical
With due respect to many experienced boarders there is nothing called techno-fundamental. The reason being, fundamental investing style is typically for the long term and you don’t check the screen on a daily/monthly basis. Unless otherwise, the macro economic factor or the company starts consistently showing bad performance, you stick around with it. I do my research (own and through forums) before I take a decision to invest into a business and tend to stick to them for long not bothered about the short to mid term performance. In a basket of 10 companies, even if 4-5 of them brings good returns, I am perfectly fine with that. I have few stocks for more than a decade in my portfolio and haven’t sold once and am quite happy about my decision.
While many negative news is around Laurus and the recent run due to Plaxovid, I could see the management is very clean and still there is an opportunity here (I may be purely wrong). One reason for me to believe so is that most of the pharma companies are underperforming. Please refer to the moneycontrol link. I have Divis, Biocon and Lalpath in my portfolio and all of them are underperforming.
Disc: I am invested and may be biased
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