investment tips: Tweet Buster: Shankar Sharma says meltdown proves ‘Asset Allocation Sahi Hai’


NEW DELHI: Domestic equity indices snapped their seven-week losing streak, but lockdown extension in the country may bring back the bulls.

The coronavirus blip on the economy and businesses is likely to stay for a while.

Here are a few suggestions from top Dalal Street experts to make the most of the situation.

iThought’s co-founder Shyam Sekhar says in order to pick multibaggers, buy stocks that have fallen 60-70% from their pre-corona levels.

Sekhar hinted that financials may face more tough times going ahead and instead of picking battered financials, he advised investors to look for opportunities elsewhere.

In another tweet, he reiterated that among index stocks, ignore consumption and financials as value lies in the remaining ones.

Market veteran Shankar Sharma said one thing that has been established after the meltdown in equity market is right allocation is the way forward.

Here’s another piece of advice from Sharma.

Meanwhile, independent market expert Sandip Sabharwal put out a tweet calculating the economic impact of the nationwide lockdown.


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