Market is uptrending; wait for the bull market corrections: Nitin Raheja
January 3rd, 2024 09:27
Nitin Raheja says: “The consumer companies are great businesses with great cash flows and great returns. But growth is missing. Typically we look at businesses in high growth mode. We like to invest in businesses where we believe earnings can grow and double at almost 15% to 16% compounded over the next five years. We do not find that in some of these businesses.”
Wait for results before getting into IT stocks; be more careful on power stocks: Deven Choksey
January 3rd, 2024 09:27
Deven Choksey says: “I would say that despite all the positives, if the valuations go up in a hurry, there may be a situation of some kind of a time correction if not price correction into the stocks at some point of time. One will have to wait and see. I am not bearish but at the same time I would like to be a little bit more careful in adding the power stock into the portfolio.”
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