Benefit from the Deep Correction: Buy Some of These Stocks - Chart Of The Day 28 September 2018 - Equitymaster
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Benefit from the Deep Correction: Buy Some of These Stocks
Sep 28, 2018


Talking about finding quality companies in this market correction, you should note that foreign investors continue to sell Indian stocks and bonds.

Foreign investors have been dumping Indian financial assets - both equity and debt - for a while now.

In the month of September, foreign investors have been net sellers of debt and equity to the tune of Rs 81.6 billion and 41.6 billion, respectively.

Ankit Shah, editor of Equitymaster Insider, recently pulled out an excellent chart that he calls - 'A True Picture of the Ongoing Market Correction'.

He showed the level of correction that stocks listed on the NSE have seen from their 52-week highs.

More than 600 companies have fallen more than 50% this year. That's a massive correction.

While many of these companies never deserved the kind of valuations they got in the first place, some have been victims of an over-reaction in the market.

At Smart Money Secrets, I recommend a company when it scores high on the smart money score and trades at reasonable valuations.

Robust Smart Money Score + Compelling Valuations = Smart Money Secrets Recommendation

I have many companies in my watch list. Many of them score high on the smart money score but I won't recommend them due to their high valuations.

But for my next recommendation, I've narrowed down my list to just three stocks.

With the ongoing correction in the market, I believe I can recommend one of these high-quality companies to my Smart Money Secrets subscribers.

Data Source: Ace Equity
*Correction level calculated as difference between the respective 52-week high price and the stock price as on 25 September 2018

This Chart Of The Day was published in The 5 Minute WrapUp - The Next Smart Money Stock That's Coming Your Way

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4 Responses to "Benefit from the Deep Correction: Buy Some of These Stocks"

RAVI AGARWAL

Oct 11, 2018

PLEASE SEND ME "Benefit from the Deep Correction: Buy Some of These Stocks"

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Sambhu Nath Pakra

Oct 9, 2018

There are two three reasons for urgently require steps to maintain and check the inflation of Indian economy to stop the degradation value of rupee in spite of gradually increasing the valuation of American dollar and to give pressure the Government to follow the principle of Trumps to maintain the South East Asian Political and Economical power. The urgent necessary steps taken by the Indian Government is unique to fight the Global economic scenario. As such the Govt. has compelled to take such decision to check the inflation and downgrade the valuation. Although it is a really painful to downgrade more than forty to fifty percent correction of its actual rates nothing doing to save Indian economy. Reliance, Tata Motors, HDFC, HDFC Bank, Infosys, Pharmaceuticals units, IT Sectors, Banks, Insurance and Engineering sectors.

Like (1)

A K Rastogi

Oct 8, 2018

Interested to invest as per your recommendations.

Like (2)

Anirudh sharma

Oct 7, 2018

I need best stocks to gain high return

Like (2)
  
Equitymaster requests your view! Post a comment on "Benefit from the Deep Correction: Buy Some of These Stocks". Click here!

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