So many people are asking me:
Is it a good time to buy shares?
Is L&T a good buy….it has fallen by Rs. 400?
Is it time to put money in the Nifty?
Should I average my Reliance Industries – I had bought it at Rs. 1200!
Should I buy Suzlon..I had bought it at Rs. 104?
Frankly I do not have answers to any of the questions.
Is the market at mouthwatering levels in terms of valuations? the answer is NO. Not at all.
Shares like India cement are at a dividend yield of about 2.5% p.a. Commodity shares like EID parry at at dividend yields less than 1. These are not mouth watering levels.
Some scrips like Tata Motors is still priced at a dividend yield of 2%p.a. – and the future is still unknown in their foreign markets.
Should you average L&T, Suzlon, Reliance – well it is your call. Should you average KS Oil?…again your call, frankly your call…
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