While I am not particularly bullish about the current overvalued situation in the Indian stock market, I thought it will be unwise not to invest and stay in cash. I bought a few stocks recently at these high levels and willing to keep them for the long term. I am going to name all of them. But it is not recommended to buy them. Investors should judge them, themselves before going for any positions.
They are fundamentally strong companies in the mid-cap and small-cap sector. If the market corrects, they will correct heavily but I decided to invest in them, not to miss the rally. And they are for long term and correction in short term would not matter for me.
Here goes the list of stocks.Find out yourself what they are doing and then only invest in them.
- Mathan Alloys.
- Future Consumer Limited.
- Igarshi Motors.
- Laurus Labs.
- Linde India Limited.
- Nocil Limited.
- VLS Finance.
- Archidply Industries.
- Avenue Supermarts(Actually I subscribed to 1 lot IPO i.e. 50 stocks.Luckily got 1 lot.My money doubled at listing.Sold 25 and left 25 in Demat for long term)
- Prozone Intu properties.
Note: The stocks mentioned in the article are not buying/selling recommendations. Do your own research or contact your financial advisor before investing in the above stock.We will not take responsibility for any loss or mental trauma incurred due to investing based on our views.
Update:5th July 2017- I had sold Igarashi Motors and had bought Vardhman Holding and Gilada finance . According to me both will be a multibaggers. Let’s see.