New Delhi. Stock market veteran and founder of Ziquant Investec, Shankar Sharma has said that the coming few days are not going to be very good for the market. He said that the market will remain quite nervous. However, amid this turmoil, he has advised investing in small cap stocks. He says that these stocks will not go down too much.
Sharma has said that even if there is a huge fall in good small cap stocks, it will not be more than 20-30 percent. According to Sharma, “Large cap stocks are very big in terms of the size of the economy.” Sharma, however, has asked investors to stay away from the market for the next 2-3 days.
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Small caps have the power
Sharma said in an interview to Moneycontrol, “What gives you the most pleasure also gives you the most pain. Small cap stocks have given very good returns in the last 2-3 years but these same stocks will cause a lot of losses in the coming few weeks… although the fall will not be more than 20-30 percent. If you have cash lying around, then this is the right time to invest in good stocks at low prices. Small caps are the future of the stock market in India. Large cap stocks are very big as per the size of the economy. Despite the uncertainty, small caps are the stocks that show potential.
Even after the NDA government was formed…
Shankar Sharma has said that even if the BJP-led NDA government is formed, the market will still remain fearful. His reasoning behind this is that the government that will be formed now will be very weak, which means that many policies that were expected will not be implemented. He said that it is possible that now other coalition partners may question the government’s high fiscal deficit policy.
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Tag: Business News, Share Market
first published : June 5, 2024, 5:34 PM IST