#39;Nifty50 likely to move towards 12,300; focus more on stock selection#39;
Hence, investors having a horizon of more than 2-3 years can start investing in quality mid and smallcaps with a good promoter track record, low leverage, as well as, healthy growth prospects.
Going ahead, earnings revival and growth forecasts could further accelerate the broader market. However, one should strictly avoid stocks, which have run into trouble owing to mounting debt, promoters’ pledge or other company-specific issues.
Q) What should be the investment strategy for December especially at a time when markets are trading near record highs?
A) We have mixed signals at present as the markets are hovering near to peak levels but economic growth data indicates a slowdown.
In such a scenario, it’s prudent to remain cautious and stick largely with quality companies, having sound fundamentals and strong corporate governance. Also, we advise making gradual investments and keeping a balanced portfolio.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.