Every day we wake up with the hope that there will be some respite in the way stock indices are falling. Now a days 6% to 10% fall in the indices has become order of the day. Stock prices of individual companies are getting hit so badly that valuations are getting attractive now. It is a repeat of 2008 crisis, when BSE Sensex has lost approximately 66% of its value. At present, BSE Sensex has already plunged to 25% to 30% from its all time high and today also chances of loosing its value is high as global markets are not showing promising picture. Covid-19 has proved villan in the market and destroyed the wealth of the investors in short span of time resulting in panic around the world, the market capitalization of all major markets has fallen sharply. Have a look on the figures.
This is the type of damage happen due to covid-19, still there is no vaccine available around the world. People are loosing there jobs and economies are facing problem of slow growth. Next six months will be really tough for all of us, as we have to live in this slowing economy with low employment and growth opportunities.
No doubt, things are tough in the present scenario. At the same, one should not forget that this is the time to build long term portfolio as prices of quality stocks have become attractive in current scenario giving an opportunity to put money in a systematic manner with a long term horizon. We suggest you to create a portfolio of stocks that can be multibaggers in over the period of time. Have a look on the portfolio and start putting money every month, no doubt with the present market scenario, the probability of portfolio going down is high. So we are recommending you to buy these stocks in a systematic manner and purchasing every month in a systematic manner. List of the stocks are as follows
|Nippon India||Financial Services|