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It is the sector which has led the rally which the market has seen in the last one year. However today when newspaper headlines are talking about India witnessing sales of 4 million cars in 2023, all these major auto stocks are trading with a cut. This is a very simple example of the market discounting the news much before it comes out. The question is whether this correction is just a minor phase of cooling down and the next phase of up move will depend on their EV products.

While the nifty has started 2024, in holiday mode as it trades flat, the other part of the market which is the mid and small cap are continuing with the party mode which they had started six months ago. This is reelected in the market breadth. In all market conditions, one should not forget the basic principle of investing, fundamental matters and valuations finally rule the markets. So before investing at this point of time have a look at both of them and if there is an improvement in fundamentals only then go for fresh buying in those stocks. These selected stocks depict a strong upward traj...

Few years back, for a PSU stock to do well there was an unwritten rule on Dalal street. Is that company a divestment candidate? If yes, then the street would look at in a positive manner otherwise it was a no go area. Nobody on the street was interested in looking at whether the company is growing at a good enough rate, what the business was, whether it had any moat or not. Over the years, as no divestment took place, interest in PSU came down. The only time there was some activity at these stocks was when dividends were announced as the yield was high in these stocks. But then all of sudden t...

For the last two years, we all have heard about negative news flow on the Chinese economy. It is not the first or the last time that we have witnessed it. In the past there have been many instances where right from the shadow banking crisis to real estate have bothered the Chinese economy. But if one looks at the long term trend it has all been resolved and they have been able to make a comeback. As an Indian investor, if one has to take exposure to a revival of the Chinese economy in 2024, the only direct play is the metal stocks. The reason, China is a guzzler of metal and when the Chinese e...

The recent performance of small caps has brought them in the category of stocks where the desire to own them is “highest”. But the fact which gets ignored in such conditions is that “risks” are also at the highest. The reason, valuation across the board are expensive and corrections in small caps are probably the most brutal ones. Just jog your memory back to October 2021. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the...