Most of the traders don't have the ready cash to do
the payment as well as consumers don't have the cash too. It is expected that
the buying capacity of Indians will come back in next three months.
The sudden disruption in the consumer goods segment dented the sentiments of investors as well as many investors are selling stocks to get the hard cash.
The sudden disruption in the consumer goods segment dented the sentiments of investors as well as many investors are selling stocks to get the hard cash.
In the process many investors are forced to sell even
good companies share which they hold. The lack of buyers and heavy supply of
shares in the market is drifting CG consumer’s shares in the downward spiral.
Stock corrected more than 30% and offer good buying opportunity for those
buyers looking for quick gains in short term. In my point of view, the entry
point should be 138 and exit point should be around 175 which one may expect in
next three months.
Please avoid playing in F&O market.
Disclaimer: Please consult your financial
adviser before investing.
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