Stock doesn’t have a rate and nothing is indispensable in this market. All sectors jave corrected by huge margin, be it IT, Pharma, Retail, oil and gas, Chemical, Auto, textile. So that proves buy and hold is a myth, Stock valuations are myth, take example of Delhivery, Naayka, In Logistics and retail sector and compare with other companies. Delhivery still trade at a market cap which is sum of all existing companies. Naayka has annual EBIDTA of 300 cr and trade as market cap of 48000 cr, Aditya Birla fashion, Arvind fashion have combined ebidta of 2500 cr and trade at combined market cap of 26000 cr. Naayka doesn’t have any established brand, remaining two hold all world famous brands. Same with Delhivery:joy:.
Major baffling thing is still MF and DII buy these companies at exorbitant valuations with public money at a liberty.
So its your call to become a fool, ride the storm and get out timely before becoming a greater fool.
I have two portfolios , Core long term and short term trade. Short term trade PR generated 30% returns and i sell at my price. Core has generated loss at 15%
So debate of buy and hold is valid, sell before others sell. The problem here is entry again as it will be huge emotional stress to enter scrip again which is sold at lower level.
Averaging is best idea if you are fully convinced about story.
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