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What could be the best stock to buy in this market
Market of last 2-3 months are not as much we viewed in last 2-3 years. Time has gone when market created easy money for the investors. This market not going bring returns to the table, you needs to grab right to make right profit. What should be the right strategy to find good stocks in this market? 1.Stay away from low to negative growth stocks. Just take an example of Tata motors, earning growth will be neutral or less as management said. If the market sentiment show more negativity this stock has possibility to go down more. What I have choosen is from the growth. Stocks which literally making 12-15% revenue and 15-18% profit growth. Just take an example of salzar electronic. When the market started it's lower side journey in sept i was shock that my returns of last six were around 36% gone to 27% in December. I sold all the stock like I had petronet, hdfc bank and shankara buildpp products as it has ran to 680 I decided to focus on growth + lower right valuation. What I found is growth is in smart meterring sector but valuation of genus power is like biggest ever. I found salzar was doing but getting at very low value. I bought it at 1205 and today see it's 1550 price. Almost 27% profit 2nd stock I bought is 20 micron beautiful growth in revenue as well as profits. Management said they will clock 15% revenue growth with stable ebita 3rd stock I bought is manoj vaibhav global. See the stocks of gold companies are sky rocketed. Everyone is getting PE of 50 but this stock Is trading at just 12. I bougt and todaya except 20 micron I am in profits. M I am looking into new stocks like everest cylinder, prakash pipes and capacite infra All are making 10-15% revenue growth and atleast 15-20% profits growth. Fundamentally good and getting at right price now. Think, read and make research and comment5
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