Equity stocks in the Indian stock market are in a fire sale. Gems are available for purchase in the price of stones. Some of the stocks are available at price levels of May 2020,when COVID-19 had hit the world. Any investor who studies about stock markets, know that there are times when corrections happen in the market. The PE for the SENSEX has come down to 20 from the highs of 35 in March 21.
“When the tide runs out, you get to see who is naked”: Warren buffet. Investors who take debt, use leverage to invest in the markets have to suffer the most in these times. The market will reward the enterprising investor having patience and liquidity by her side.
