On a side not to investing I would like to encourage all the young motivated individuals on traderji that instead of focusing all your energy on stock markets please also spend sometime on brain storming business ideas with which one day you could list your own company and own its stock rather than looking to own stocks of xyz. Aim to get your company listed. Only invest 10-20% of your cash in markets not your entire savings. Think long term when u invest.
On that note back to stocks. If you have conviction in India's growth story and looking for a good stock at a cheaper valuations that can fetch you good money in 5 years time or increase 5 folds is Punj Lloyd the company hasn't run out of business still has a huge market cap and is active in various projects even in India.
Invest in tranches this company should not be more than 2-5% of your investment portfolio. So if you are keeping Rs 100 for stock market only invest Rs 5 in one stock max Rs 10 as for some reason if company goes bust you will only lose 10 and not entire 100. Hence I would only advice to invest 5% max in Punj Lloyd, even that should be invested in tranches like going in 1.5% tomorrow, 1.5% post another 10% fall and 1.5% etc.
Sorry for the long ramble.
On that note back to stocks. If you have conviction in India's growth story and looking for a good stock at a cheaper valuations that can fetch you good money in 5 years time or increase 5 folds is Punj Lloyd the company hasn't run out of business still has a huge market cap and is active in various projects even in India.
Invest in tranches this company should not be more than 2-5% of your investment portfolio. So if you are keeping Rs 100 for stock market only invest Rs 5 in one stock max Rs 10 as for some reason if company goes bust you will only lose 10 and not entire 100. Hence I would only advice to invest 5% max in Punj Lloyd, even that should be invested in tranches like going in 1.5% tomorrow, 1.5% post another 10% fall and 1.5% etc.
Sorry for the long ramble.