
Synopsis
As the market shows signs of recovery, here are some points to consider before taking any decision based on the short-term movement of indices. Volatility is not going anywhere anytime soon. But volatility is an opportunity if you are able to do just two things: First, buy quality stocks, and for the long term. Second, focus on the business you are going to own. Buy the right business, even if expensive, and you will see returns over the long term. Our selected stocks today depict a strong upward trajectory in their overall average score, which is based on five key pillars β earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
There is recovery playing out in the market. And, considering that a number of mid-cap stocks are participating in the recovery, it should be given some weightage. But before making any significant commitment of capital, it would be prudent to still be cautious and selective. Our stand stems from the fact that even after the current round of correction, valuations are not yet in cheap territory.Now, the Q4 results are around the corner. And if
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