Definitely, why not ! If you are looking for long term investment, you should invest with limited stocks and pick quality stocks. Not one or two stocks, try to focus on 4 to 5 stocks, enough within the range of capital from Rs 1lk to 10 lks.
Yes, if you are investing for short term then you should invest in different sector stocks. For example I have seen many investors are asking on different stocks. These days almost all stocks are in correction mode.
Last two days indian market is recovered with full phase. Still indian market is in doubt on news of mid & small cap stocks concern. These days large cap stocks are performing well. Correction is going on in mid & small cap stocks.
In which stock investors should take focus ? I must say BEL, varun beverages, larsen & turbo, archean chemicals, Coforge, kpit technology, indusland bank, hindustan aeronautics, railtel, rites, cyient, finolex cables, ITC, Indian hotels, E mudhra, Uno minda, sansera engineering etc these are such stocks investors should take focus.
Still market is looking choppy. Investors confidence has to return, indian election is near. FII’s selling is going on. Therefore in coming days indian market will perform better. What I hope.
Recently indian IT stocks are correcting more due to Accenture. These correction may last more. Therefore where as growth invest there. Since few days I was investing in tata technology, after downgrade a foreign broker Tata technology it is falling more.
That foreign broker is absolutely right. They predict in coming days it’s price will drop down to 800. So, I exited from this stock, now I am focusing on two IT stocks like kpit technology and cyient.