पोस्ट करनेवाले : martinchang
| Price when posted : BSE: Rs. 12.47 NSE: Rs. 12.45|
If we use the same yardstick bases your argument, then PSU banking space should also be penny stocks where NPA’s are close to 3.2 lac crores which is also debt on banks, even many people believe this figure to be well beyond this number. As per law of equilibrium, banking stock should also be priced in the same band. On the other good side, cash rich companies like INFY, RELIANCE and many other should trade at sky rocketing price. HINDUSTAN UNILEVER priced at 827 which at 35 times FY17 earning and the pharma sector on an average is above 30 time FY17 or even more, then also market is not happy and giving pain to many as they are not able to digest why these stock have risen. Stock markets are speculative business, 95 percent of the people do not know fundamentals and technical studies. If one start nick picking then to trade is impossible. Markets look very little into what is right and what is wrong. Recall the days of paper trading, no business news channels, limited access to information then also people were trading. With flourishing of advisory business markets are getting more damage than good as the views are affecting stock price movement. It is also essential that people know the right news from official channels to take informed decisions not the free biased opinions.
One should leave market to its fate as they know the right price discovery.