I was watching CNBC and heard one expert saying “Investors should stay out of market when such a position (Brexit) happens…..blah, blah…….”
But according to me it’s the best time when you can buy wonderful companies at wonderful (cheap) prices.
I put my money on Tata Steel exactly at 300.
Why?
It was the top loser at that time.
I was lack of fund (I already have my many invested in many stocks) but still I sold Cipla to but this share at such a great drop.
Stats of Tata Steel are as follows…
- Prev close – 333
- Open price – 307
- My buy price – 300
- It’s current price (3:00 pm) – 314
There were many share in the list of top losers…..
- Tata Motors
- ICICI Bank (I was also thinking to buy ICICI but I already have this share in my portfolio bought at 216)
- Axis Bank
- Larsen
- So on….
All are great buy at respective prices.
Also try to stay away from govt owned stocks at such situations.
Now let’s look over the reason – Why Tata steel dropped so much?
We all know that – BREXIT (exit of Britain from Europe Union)
Especially, Tata Steel was affected the most from this because….
And I was waiting for this movement since last 2 days, when I heard this news….
I also invested in Motherson Sumi at 276 by selling SBI from my existing portfolio.
You can see the position, per share gain/loss, % change of my orders as follows.
So I presume, that’s enough to clarify “Buy Top Losers Sensex Shares”.