Can I buy Reliance Industry stock now, as of dtd 31/3/2017? If you are planning to buy Reliance Industries share; go ahead and buy them in a staggered approach + buy them on every dips. Why?? Above pic, is of my portfolio where I was buying daily one stock of Reliance Industries from March 23rd (portfolio is very small - but I believe in buying with a staggered approach and in that too I buy multiple companies. Reliance Industries is very fundamentally strong company with profitable books ( I don’t think you need someone to tell you this fact ). On top of this, before couple of months they came into market with JIO -> cornered a large pie of market share with free data and calls -> and now in Mid February Mr. Mukesh Ambani announced that they will monetize Reliance JIO with Reliance Prime fee of Rs 99, and then Monthly fee of Rs. 149/303/450 and so on…which will in turn make their books profitable aftre couple of months. It’s a dirty business world… Sec...
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Showing posts from March, 2017
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Will the stock market ever go up again? In 1992, the market was trading at its highest PE of 21.88 -> fast forward 2017 -> market is trading at PE of 17.04 compared to markets highest PE of 21.88. Above is just one example of the fact that 'Markets will go even higher from today's point'; that is another thing that 'Markets will stop/pause/work sideways to take a ‘ Breather '. Other important facts: Fundamentals of Economy are and will become strong with Time. Stable Government at centre. Majority in Loksabha (just check the 'GOD Speed' at which GST bills are getting passed. 2019 and there would be a majority in Rajya Sabha, along with Lok Sabha (where there is still a majority). ‘ Macro Demand Economics ' is on a ‘ hockey stick ' growth. ‘ Per capita income ' is increasing day by day. Above are only some points, which I remember as of now; and believe mw there are many pointers which point to fact - ' Markets will...