What is Gopal Kavalireddi's opinion on Rain Industries, Graphite India, Phillips carbon stocks at current situation?
Written on Nov 22 For a guy like me, who relies mostly on fundamental analysis, which is normally used to forecast price targets for the longer term, I get asked for a lot of opinions. By asking for opinion, the reader basically wants to know about the current downtrend or the day-to-day volatility in the stocks - as they have bought at a higher price and are confused with the current state of the stock movement. This is the result of chasing momentum stocks. Once momentum is built, either on the upside or downside, it is highly ‘inappropriate’ to run after them, till they atleast start slowing down, because they are surely going to burn a hole in your pocket. But anyway, since there are so many readers asking for ‘opinion’ on these stocks, I am giving the same. This is the current state of the stocks mentioned, as I write the answer. All the above stocks are concentrated product portfolio stocks, operating in the carbon related product space, which have seen a huge d...