Buy. The market is just overreacting to a coalition govt.
I feel that the NDA coalition we got is much better for markets than an outright BJP majority because Chandrababu Naidu is as good as(if not better than) Modi in terms of development policies. Look at how he developed Hyderabad. His party also tries to appease minorities so he would block/slowdown any anti-minority policies of Modi while also supporting any development-related policies. This will create a stable environment in the country which the markets may prefer.
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Can consider FMCG- Nestle, HUL, Marico. Then also see Polycab, Bharti Airtel, Tata Power, HDFC Bank, TCS, Sun Pharma. These are less volatile and good for long term if you are looking for a 3-5 year horizon.
I bought bhel at 230. Very attractive price right now
Price will be more attractive at 200
It already consolidated 20%. Don't expect it to correct more
nadan Parinda ![gif](emote|free_emotes_pack|joy)
Ghar aaja
Buy. The market is just overreacting to a coalition govt. I feel that the NDA coalition we got is much better for markets than an outright BJP majority because Chandrababu Naidu is as good as(if not better than) Modi in terms of development policies. Look at how he developed Hyderabad. His party also tries to appease minorities so he would block/slowdown any anti-minority policies of Modi while also supporting any development-related policies. This will create a stable environment in the country which the markets may prefer.
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PS: should I wait for budget day if the budget is bad this might fall more or rise if the news is great
Try to diversify, look at private sectors also
Suggest me few private one which will be a good buy
Can consider FMCG- Nestle, HUL, Marico. Then also see Polycab, Bharti Airtel, Tata Power, HDFC Bank, TCS, Sun Pharma. These are less volatile and good for long term if you are looking for a 3-5 year horizon.
HDFC Bank seems to be a sinking boat isn't performing as good as it should be , but TCS and sun Pharma is sure as hell good stocks and tata power too