The year 2017 has been lucky for old as well new investors as benchmark indices have already given a return of over 17 percent so far. But, the story is worth talking if you are an old investor and followed ruled of value investing.
Old-school companies have given a return of up to 5,000 percent in the last five years and are now trading over Rs10,000 per share. For some, this price tag could be termed expensive, but merely price is not the sole criteria to determine valuations.
“High-value stocks may not always be expensive just like penny stocks may not always be cheapest or best choice to buy. One has to do careful analysis based on fundamental research before making an investment decision,” Alok Ranjan, Head of Research, Way2Wealth Brokers Pvt. Ltd told Moneycontrol.
Nine stocks which cost above Rs 10,000 a piece include names like Polson, Eicher Motors, Shree Cements, MRF, Page Industries, Honeywell Auto, 3M India, Rasoi, and Bosch.
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