The correction of March on Dalal Street should serve as a warning to all those who tend to buy stocks without bothering to look at what is the business of the company. The way correction panned out, there is a high probability that going forward that an upward movement in mid-cap space would be more stocks or sector specific rather than being a broad brush up move in which every stocks is moving upward with any rhyme or reason, One thing which long term investors who are taking exposure to the mid-cap should focus on individual companies and their underlying business. Also it is time to rejig the portfolio and go with better quality stocks in even the mid cap space. At the same time, because overall valuations are high, be ready for underperformance for some time and focus on the long term.
F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks
Indian stock markets closed higher Friday, boosted by IT, auto, and metal sectors, though banking stocks capped gains. Analysts express caution due to ongoing West