I dont understand why people are running behind stocks at 50+PEs. Even if everything happenes as per plan what small investors gets , just fairytail ride.
Prices goes up and something wrong happens it corrects 50 ,60% or more.
Than why one should not looking at companies like PSU banking portfolios or Some state run NBFCs like REC ,PFC or many more.
For instance Canara bank available at <5 pe. If india story grows then this bank will definitely grows. And next dividend cycle will be much more than previous ones. Due to govt policy on psu’s.
And if u checks technically its also at the hotspot. Its moving above 3yr highs.
Many such stocks available with very safe and extremely lucrative story.
I am now trying to follow both fundamentals and technicals. Hitesh bhai is true guide thanks
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