Drops Savings and Investments recommended two companies to invest in last three months. Thus you will have Bharti Airtel and Suzlon Energy in your portfolio. We recommended these stocks in November and December respectively and we restrained ourselves from recommending any stock in January as we feel the valuation of the quality stocks has gone up and it is not right time to buy more.
The price of the above two shares has not moved up much since then and in fact the price of Suzlon Energy has gone down from the price at which we recommended to buy. In this situation, these two stocks still hold good to buy at current price and we recommend doing so if you have not already bought.
So if you just started with Drops’ recommendation, you will have Rs. 10,000 invested in Bharti Airtel and Suzlon Energy – that’s 50% of your equity portfolio in each company which are in turn 50% each in Telecommunication and Energy sector.
Hold rest of your cash and wait for a good opportunity to come when market correct itself. Our philosophy is to invest in quality companies at the right price and hold for long term as long as it delivers its promise!
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