Axis Mutual Fund ke CIO R Sivakumar ne investors ko warn kiya hai ki Indian stocks se returns flat reh sakte hain. GDP grow kar rahi hai par valuations itni high hain ki market ka thanda hona tay hai.
Market mein correction ya consolidation ka waqt aa gaya?
Axis Mutual Fund ke CIO R Sivakumar ne saaf keh diya hai ki ab woh time gaya jab har share blind rally dikha raha tha. Economy badhiya perform kar rahi hai, lekin stock prices aur ground reality ke beech ka disconnect ab khatre ki ghanti hai.
Valuation ka khel
Problem ye hai ki market mein companies ke valuations bohot zyada stretched hain. Sivakumar ke hisaab se, jab aap kisi share ke liye bahut mehnga price pay karte hain, toh achhe results ke baad bhi stock price utna tezi se nahi bhagta. Market ab inhi gains ko digest kar raha hai, jiska matlab hai ki aane wale samay mein returns flat reh sakte hain.
Strategy badalne ka time
Ab tak liquidity ki wajah se har koi paisa bana raha tha, par ab interest rates badhne se paisa mehnga ho gaya hai. Investors ab 'Quality' aur 'Cash Flow' par focus kar rahe hain.
Ab aapko kya karna chahiye?
- Sirf high-growth hype ke peeche na bhagein.
- Unhin companies ko dekhein jinka pricing power strong hai (jo apna cost customer par shift kar sakein).
- Cash-rich companies par nazar rakhein jo sirf dikhave ka growth nahi, balki real profit generate kar rahi hain.
Market volatility badhne wali hai, isliye ab sirf 'Buy and Forget' wali strategy se kaam nahi chalega. Earnings result ke time margin pressure par nazar zaroor rakhna!