Wise Investment Even In The Bad Days Can Make Things Good
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The markets in India are no exception when it comes to volatility-some of these days they open with a positive note only to close with a negative sentiment and some of the days, markets remain choppy and for the rest of the days, the openings are marked negative only to shut with an impressive positive note. Obvious, we all have been watching these nail-biting markets’ volatile movement amid much anxiety, panic and stress. Here we have been facing this question every minute, whether to buy or simply exit. A billion-dollar question, needless to say but if you ask me, I will insist on a quality buying. Choose the ones you know them for being trustworthy, the ones which are known as the real pearls and consistent—this is almost the right time to buy and buy in every dips. PSU banks look good enough to buy. Note that even our apex court has been keeping an observant eye on the defaulters and from here, things may soon look brighter for our banks. But just be careful in these pre-budget days.
Meanwhile, amid much hype and colour, Make In India week is being celebrated in the commercial capital of our country. Prime Minister Narendra Modi flanked by premiers of at least two other developed nations spent hours in the Bandra-Kurla Complex to oversee how his concept Make In India has been picking up, slowly but very steadily. Initially, a number of people had been sceptical and also turned vocal over Modi’s frequent overseas trips. Gradually, they have realised that the Prime Minister during his initial months in 7, Race Course Road ensured he meets the people who matter to build a stronger India, financially. I will like to believe, so far he is partially successful and his efforts may meet further success in the coming months. When you take charge of a coveted office amid much expectations, there are always these possibilities of making some people critical and same thing happened with our Prime Minister. People who matter across the globe are now not only taking interest in India but also have started spending money to fund projects in our country. Boeing’s recent remarks are a huge testimonial.
Meanwhile, China remains weak and I can smell the days when India is going to touch the peak. We are being taken seriously in foreign countries even as our markets are at times looking weak. Interestingly, weakness in our markets is also caused due to withdrawal of funds by some foreign investors but that should not be so alarming. They are the people from oil producing countries which have been struggling hard due to falling crude prices. These investors now need to touch back their own countries with their wallets—they are much needed there. This action should not dampen the spirit of our fellow investors, I feel strongly.
Amid all these happenings, let me thank each of you on this occasion of our 30th birth anniversary. Yes, your favourite Dalal Street Investment Journal has been celebrating its 30th birthday this February. We could not have made this had you not been with us throughout the journey. We prosper only when you taste prosperity. In last 30 years, a trusted team from DSIJ has been by your side and you reciprocated the same being by our side. We look forward to many such 30 years to come.
We have picked up 150 great-value companies in this issue to showcase the top 150 wealth creator entities in India . We also have brought out 30 remarkable investment related events which took place in last 30 years during our journeys—a travel down the memory lane, indeed.
Have a wonderful investing time ahead even as summer approaches fast. I will look forward to reach you next immediate after the union budget day.