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Hope you know growth trap, high expectation less delivering result leads to crash. Now a days mkts wants india to grow 22-25%, there is a lot of pressure on eps on different companies for ex: everonn etc.
I do agree ur points there is huge opportunity, having said that, we need to take cautious steps in buying stocks. Share price always quote 2-3 fwd earnings, if earnings didnt met as expected then fall is sure.
so dont go by emotions :).
Valuepicks sir may give some advance views on this :)
Then during 2008 whey IndusInd was @ 38 rupees ( which i bought 2k), why yesbank was @ 52(1k shares), why hanungtoys was @ 58, why VST Tillers @ 98 during 2008 and etc. Think about it :).
Chasing growth is not good. Instead buying @ appropriate time is best thing.
Dear Mahesh, During crash of 2008 and sever bear markets, one needs does need to buy small caps. Once can easily multiply wealth by investing heavily on 1-3 mid cap stocks. For example, Jain is the best pick during bear phase. But during these times, one needs to make some money in small cap stocks. If you are talking about 2008, those were times which come once on 8-10 yrs. If you are willing to wait that much without buying anything, then I must say u will be next warren buffet.
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