Current market and situation in the country shows a sign where people are afraid to become optimistic.
As market is driven by the probability % of optimistic and pessimistic , we need to be cautious what we are buying today and at what price ? if you are buying any stock of a company bcoz its down 50 / 60% from its peak , you are bound to get punished by the sentiment of people since currently probability of pessimistic approach is very high among people linked to the market.
Its time to look for quality companies which can still make profit in such a scenarios and buy with margin of safety principle.
One of the sector which I feel where we need to focus on selection are pharma companies since people are bound to buy medicines regardless what sentiments of investors are which in-turn make profit for this companies.
So question is which companies among pharma ? I never encourage people to through company name since this make a person handicap to take self decision on buying and selling.
you need to research this by yourself and find high quality management / profit driven / profit sharing among its shareholders / margin of safety to make handsome return.
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