In an interview with CNBC TV18, Deven Choksey of KR Choksey Securities and Anu Jain, Vice-President - IIFL Private Wealth Management, India Infoline Said, Buy largecaps, midcaps on dips; sell on every rise. The Nifty needs to consolidate at current levels. "The last 200 point consolidation on the Nifty happened between 3400 and 3600. Post that, it rallied further on.
Topline stocks have started becoming expensive and valuations are getting stretched, so investors have started catching up with some of the neglected midcap stocks at this point in time.
Caution that investors may fall into a trap because in many midcap stocks, fundamentals are not supporting these companies immediately. "It might take at least six-nine months before we could see the first results coming out from some of these companies. Some midcaps would be moving up and may discount the future in advance. That is where some investors may lose out on money."
Topline stocks have started becoming expensive and valuations are getting stretched, so investors have started catching up with some of the neglected midcap stocks at this point in time.
Caution that investors may fall into a trap because in many midcap stocks, fundamentals are not supporting these companies immediately. "It might take at least six-nine months before we could see the first results coming out from some of these companies. Some midcaps would be moving up and may discount the future in advance. That is where some investors may lose out on money."
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