The veteran analyst of certain Financial Advisory firm informed that it is very important to identify sector and stocks in case if you are buying anything from a short to medium term point of view.
It is always said that looking at the quality of business is very important rather that looking at the stocks. It is observed that large numbers of investors do not analyse the businesses they invest in. Instead of analyzing the business they simply follow the symbols or brands of successful corporate houses.
It is recommended to switch to Power Grid that is where we have a positive coverage.
It is expected that all the policies that the government has laid out in terms of 2020-2022 power 24 by 7. You will observe some kind of a package coming out from the government for the power generation, transmission and distribution companies. Hence, cautious to make a switch to Power Grid and change a time horizon to 18-24 months