I usually don’t look too much at Nifty levels or valuations. There is a bigger broader market beyond Nifty. And as long as we don’t have a catastrophic fall for whatever reason, it makes sense to stay focussed on companies you own. I mentioned earlier in the thread too that there are definite signs of euphoria, but that itself is not enough to warrant a correction. Sometimes the bubble like parabolic moves in some stocks during bull markets happen in the fancied stocks in fancied sectors. That’s where a lot of money can be made. If we keep viewing Nifty in the rear view mirror , it will be difficult to ride these rallies.
It does seem to be a time to be cautious and careful about the companies we invest in. (when is it not? 
) But there are signs of froth in IPO markets, SME and some small cap companies valuations etc. So need to avoid those sectors and stocks.
@Kunal7 I have not heard about Valiant communications and don’t know anything about it. You can go through company website, annual reports etc. Maybe attend AGM if and when possible. If still you cannot develop conviction, it makes sense to look elsewhere.
@Anuj137 I don’t have much idea about Aavas or its corporate development.
| Subscribe To Our Free Newsletter |
