I would tend to agree with you. In fact, my investment experience suggests that, when many people are having pessimistic view on the stock and stories are being floated saying that, now this stock can not grow as the best days are over, it is time for Value Investors like us to start looking at it more seriously.
Since I am already invested in HDFC Bank unable to increase my position, but I have taken a position in Kotak Bank during 2022-23 since it is also being available at reasonable valuations in my opinion.
Many investors were pessimistic about HDFC as well in 2014 and were chasing Mid Caps which got hammered during 2018-19 and HDFC was the good stock to own at that time since they listed HDFC AMC and HDFC Life Insurance, but many were pessimistic about it in 2012-13.
Another such example is ITC and Coal India during 2021-22. When negative stories are floating generally it is time to buy if you have your own investment thesis and conviction.
| Subscribe To Our Free Newsletter |
