Investors should not go by exit polls and buy stocks which are down 30 to 50 percent to make quick money, said market expert Basant Maheshwari in an interview with CNBC-TV18.
"My only one line advice to the investor is... not to buy the second and third quality. Let us assume exit poll guys get it little wrong and the seats are a little less than what we thought they would be, still, if you are with the best, you will still do well even in this market. There is no need to be over smart and to buy the ones which are down 50 or 30 percent... I think the slow and steady 20 percent is going to make wealth for you. The quick 20 percent normally takes away 20 percent from your portfolio," said Maheshwari.
"Bajaj Finance is our top holding across portfolios, it has done well. We sold out of PNB Housing three months back and we got into Titan and the reason was it was again growing at 25 percent, taking away market share, the entire jewellery market is crumbling, it is de-growing by 5 percent and there is one organised player who is just expanding his network all over. So, I think Titan has got some internal strategy of having its revenue hit Rs 50,000 crore over the next 3-4 years," he added.
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