Namaste!
Redington India is a good mid-cap pick considering it's fundamentals, very consistent EPS, and after a good correction.
It is a buy at current prices (Rs 126.55).
The logic is simple, if a company with good fundamentals available at a discount, then it's a perfect opportunity to invest.
Remember, never invest more than 10% of your capital in any particular stock. Diversification is a must for reducing risks.
I have shared many stocks till now and will share more in the future, in the tradingview platform. I expect anyone, who is reading these articles to do your own analysis, and pick the stocks of your choice. Make a perfect blend of sectors and stocks resulting in a market-beating portfolio.
The most important rule in Investing is, never ever sell at a loss. There are only two possibilities in my opinion, either the company goes bankrupt, or you make money.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your analysis and/or consult your financial advisor before investing.
Redington India is a good mid-cap pick considering it's fundamentals, very consistent EPS, and after a good correction.
It is a buy at current prices (Rs 126.55).
The logic is simple, if a company with good fundamentals available at a discount, then it's a perfect opportunity to invest.
Remember, never invest more than 10% of your capital in any particular stock. Diversification is a must for reducing risks.
I have shared many stocks till now and will share more in the future, in the tradingview platform. I expect anyone, who is reading these articles to do your own analysis, and pick the stocks of your choice. Make a perfect blend of sectors and stocks resulting in a market-beating portfolio.
The most important rule in Investing is, never ever sell at a loss. There are only two possibilities in my opinion, either the company goes bankrupt, or you make money.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your analysis and/or consult your financial advisor before investing.
Trade closed manually:
Sell Redington at Rs 159 or more (ah! my bearish instinct). But please do your own analysis and or consult your financial advisor before taking any actions.
Comment:
I wrote this piece in my early years of learning. There are words such as "good mid-cap", "stocks resulting in a market-beating portfolio", "never ever sell at a loss", are kind of bold claims. I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.