I am a new investor in the stock market. I want to invest Rs2 lakh for six months to one year. Currently, I am considering buying shares of Unitech Ltd and Suzlon Energy Ltd. Please advise.
The stocks you have chosen are very volatile and I do not recommend new investors to go in for such stocks. Since you have not mentioned your risk profile, it is difficult for me to comment on which stocks you should invest in. However, assuming that you have an average risk profile, I would focus more on stocks such as HDFC Bank Ltd, State Bank of India, Jaiprakash Associates Ltd, Tata Power Ltd, Steel Authority of India Ltd and NTPC Ltd. These stocks have a below-average risk profile, but above-average returns are expected.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.