[GAGA REALTY] [JOINT VENTURE] [GAGA HOMES]
SynopsisWhen valuations are as expensive as they are now, it is time to be selective. But being selective is a generic term. For instance, the parameters used to pick a stock from the pharma industry would be very different from the ones used to buy infrastructure or capital goods stocks. The different macro and micro factors governing various sectors need to be taken into account. That’s being selective. Take the real estate sector. Stocks from the sector are not quoting at the same valuations they were four years ago. Given that it is a cyclical business, it is better to stay with players – or a region, in this case – that have a macro advantage.When buying a fintech or a pharma stock, one can afford to ignore what economists and their lengthy research papers may say. But it would be useful to listen to them when buying stocks in some other sectors. A recent paper by Sanjeev Sanyal on the relative economic performance of Indian states, underlined the contribution of the southern states to the national GDP and economy. Sanyal makes it amply clear that the South has done better since the ETMarkets.com Sep 28, 2024, 08:00:00 AM ISTGift A StoryShare member-only stories with your friends or family and help them read it for free.Gifting Limit Reached!Hey , no more stories left for you to gift.No worries! You will get a limit of 15 stories next month to share with your friends and family.
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