Indian market has been under a consolidation phase during the last few sessions as Dalal Street eagerly awaits a fresh breakout on Nifty 50 index on closing basis. Market experts believe that there may be a fresh bull trend on Indian stock market after Nifty 50 index closes above its consolidation zone of 19,800 to 19,850.
As Nifty 50 index takes its time to give a fresh bounce decisively, ace investor Vijay Kedia has advised investors to stay away from ‘Bhangaar Cap’ stocks. The market tycoon shared his views from his official ‘X’ channel account and said that Indian stocks can be classified into large cap, mid and small cap stocks but there are also ‘Bhangaar Cap’ stocks and they are in large. numbers So, one can make money if they park their money in besides such a large number of ‘Bhangaar Cap’ stocks.
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“There is a large cap, a medium cap, a small cap. There is also a “BHANGAAR CAP”. More than 4000 out of 5000 fit in that category. They only appear in the good times. Be careful,” Vijay Kedia wrote on his X channel account.
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What does Vijay Kedia mean by Bhangaar Cap shares?
On what Bhangaar Cap means to an intelligent investor and what are its features, Vijay Kedia explained, “Bhangaar Cap shares are those shares which have no fundamentals. When I say Bhangaar Cap shares, it means a listed company whose promoters has a bad reputation. Such stocks receive liquidity in a bull market because it is easy for operators to move the stock when a market is on the rise.”
See Vijay Kedia’s post below:
An ardent supporter of long-term investment, Vijay Kedia strongly believes that an investor can make money from the stock market if he has a long-term perspective. He believes that “making money in business is like milking a bull.” So, one should not rely on rumors and stock tips as these are not the proper criteria to make one’s stock portfolio.
“Soch kar, samajh kar, Invest kar, rumor pe, tip pe, na time waste kar. Paise banane ka, formula ,bas ek, Long term ki soch , aur REST kar,” says Vijay Kedia.
So, investing in stocks is like investing in a business and one should first understand the business and its sustainability in the long run before making any investment decision.
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Updated: 24 Nov 2023, 15:16 IST