- As per market veteran, shifting from loss-making stocks to businesses with better visibility is painful, but short-term pain can lead to long-term gains. Steady compounding may look boring today, but can beat quick profits over 10-15 years. “Don’t focus on making money; focus on protecting what you have.”
- As per market grapevine, stocks to watch for short term include Atlanta Electricals, Black Rose, Bright Brothers, Chemcon Speciality Chemicals, Cochin Minerals & Rutile, DCB Bank, Haldyn Glass, HFCL, IOLCP, IVP, Jyoti, Mazda, Morepenlab, Nocil, NSL, RDBRL, RBL Bank, Sarlapoly, Smruthi Organics, Somi Conveyor Beltings & TGVSL. Keep on radar/watchlist.
- Many popular stocks delivered no returns for years including TCS, Infosys, HCL Tech, Wipro, HDFC Bank, Kotak Bank, Reliance Industries, ONGC, Indian Oil, ITC, Asian Paints, D-Mart, Tata Motors and HAL. This shows even quality businesses can deliver poor returns when bought at high valuations. Investing in a good company is not enough; entry valuations and regular fundamental & technical review also matter.
- As per market veteran, shifting from loss-making stocks to businesses with strong visibility may be painful, but this short-term pain can lead to long-term gains. Quick profits are exciting today, while steady compounding wins over time. “Don’t focus on making money; focus on protecting what you have.”
- NSE IPO update: SEBI approval for NSE’s IPO DRHP is expected within two weeks, with the price band likely in early September and IPO launch expected in the second half of September. NSE is targeting a valuation of Rs.5.2-5.3 lakh cr., with an indicative IPO price of Rs.1,600-1,700 per share. One of the most-awaited IPOs of the year.
- As per market veteran, theory can be learnt in classrooms, but conviction and discipline are built in live markets. Fear near stop-loss, greed during quick profits and impatience test every trader. Most know the theory, but few can execute it consistently. Markets do not punish ignorance as much as indiscipline.
