Business & Investment

Raamdeo Agrawal: Sell diamonds, but not stocks: Raamdeo Agrawal

Mumbai: Veteran of Daral Street Raamdeo Agrawal Indian equity investors are their diamond, Instead of a stock portfolio.

Famous Value Investor and Chairman Motilal Oswal The group asked investors to believe The power of compoundingIf you say Return on equity 20% compound every year, then Sensex It could reach the 300,000 level in the next 10 years.

He was speaking at the PMSAIF World Event.

But Agrawal said he wanted to be more conservative, with investors expecting the Indian stock market to rise 15% annually from current levels over the next decade, bringing Sensex to 200,000. thinking about.

“The market can do what it did in the last 40 years in the next 10 years,” he said.

The domestic stock market hasn’t looked back since March 2020, when the domestic index fell by about 24% at the start of the Covid-19 crisis. Since hitting the lowest price in a few years in March, Nifty50 In the last 16 months, the Sensex has more than doubled and the smallcap and midcap index values ​​have more than tripled.

Agrawar said there is a debate to buy stock In the sector that can benefit from the resumption of the economy as the second wave of Covid-19 infection weakens. Over the last few weeks, investors have invested in sectors such as multiplex, airlines, hotels and retail, betting on future performance.

“You must always be greedy on the stock market and don’t bet on India,” Agrawal said.

Raamdeo Agrawal: Sell diamonds, but not stocks: Raamdeo Agrawal

https://economictimes.indiatimes.com/markets/stocks/news/sell-your-diamonds-but-not-your-stocks-raamdeo-agrawal/articleshow/84335062.cms Raamdeo Agrawal: Sell diamonds, but not stocks: Raamdeo Agrawal

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