Long & Short of Markets: Vijay Kedia s multibagger trick; portfolio strategies in a volatile market
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Synopsis
Read more about Vijay Kedia’s secret of spotting multibaggers, Aashish P Somaiyaa’s tips to navigate business cycles and Covid 2.0’s impact on different sectors in this weekend’s edition of ‘Long & Short of Markets’.
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Pro-cyclical stocks work well in a rising market but to minimize losses in a downward market it’s best to stick to defensives.
Drawing up a cricket analogy to sum up value investing, Vijay Kedia says an investor s journey is not as exciting as a fast-paced T20 game but it’s way longer than even a Test match. This reflects his investment style as he waits for years, tracking news and developments of a company before buying its stock. Read more about Vijay Kedia’s secret of spotting multibaggers, Aashish P Somaiyaa’s tips to navigate business cycles and Covid 2.0’s impact on different sectors in this weekend�
Synopsis
For Zerodha CEO Nithin Kamath, the ongoing bull run on Dalal Street is also the most painful market rally of all times.
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As the Sensex hit 50,000, maverick investor Vijay Kedia released his 10th song on the stock market - Abhi toh party shuru hui hain giving a poetic touch to market gyan.
NEW DELHI: The Sensex s longest weekly gaining streak since 2009 came to an end last Friday as the 30-pack index crashed 1.5 per cent on Friday. While the bulls disappeared quickly on Dalal Street after Sensex travelled all the way to 50,000, Twitter remained abuzz with celebration memes, nostalgia on Sensex s journey in the last three decades and the road ahead.
Imagine yourself in a coronavirus-free New Year party, where loud music is playing and all your friends are dancing in full rhythm. Won t you participate too? But do you want to get drunk enough to lose your senses and get carried away?
On Dalal Street too, you must participate in the ongoing bulls party, but don’t get intoxicated enough to forget valuation metrics or take leveraged positions.
In a bull market, weak shares also see price rises along with the strong ones. If you hold some good stocks and they have rallied quite a bit but do not have the visibility for the future or if the price does not justify the fundamentals of the stock, then holding it can be dangerous for you.