Correction Opportunities News Today

“1,000 by 31st December is very much on the card, 10% rally, 19000 plus 2000 points. L&T should be a core holding, whether you buy it at Rs 2900 or higher. There is nothing called timing. Similarly, ICICI, L&T, Reliance, UltraTech, Maruti are five bonhomie stocks which you must have and these are declines to buy.”

“Among FMCG stocks, Marico, Nestle and Godrej Consumer are very well poised to gain more market share. We see a slight easing in commodities. Their margins should be much better given that volumes are expanding. And we are at the best part of the season now for the next six months.”

“Only two big categories of companies have reported numbers – financials and IT. IT has been more or less a whitewash as was expected. That is one big segment of the market I am not looking at. But the financials have done very well. On the auto side also, Bajaj Auto results are very encouraging and across the board we will see decent results from auto.”

“Big value in India will be created in small and midcaps only. People should not be scared of investing in them, they need to be ready for the volatility which will come. Some stocks will correct 15-20% from the top also and there are times when these stocks fall so much, you think you should have sold before the fall but after a few months you are glad you didnt.”