When Adani Enterprises was at 4000, people were queuing to buy it. They considered it as a gem, expecting much more to returns.
2 weeks later, when it was trading at 1017, people were queuing to sell at 25% lower circuit of the day.
Today, Adani is considered by the market as scam, fraud & what not. I won’t comment on Mr. Adani as a person.
What happened in just a matter of 2 weeks? 15 days? Price feel down! Price changed the perception of many.
The only thing I saw was valuations. Which the market was blind to. I don’t look at price. Beauty & price are delusional. Better one be cautious whilst looking both.
Usually market is blind to both risks & opportunities.
If you know how to value securities, then only you can survive in the stock market. You can learn it here
Else, price will influence your decisions just like beauty does & then be ready to be butchered.
Independent thinking is rewarded both in life & stock market.
Learn the game.
