The WeekendInvesting Newsletter - 13 Feb 2024

The momentum magic. . .

Are you under the impression that momentum investing is all about quick, frequent trades? Think again. Let’s debunk this myth by delving into the fascinating world of Mi NNF 10, a strategy centred around the Nifty next 50 index. Contrary to popular belief, momentum investing isn’t always short-term; it can span over two years or more, depending on how the momentum unfolds in certain stocks.

Consider the impressive trajectory of some of Mi NNF 10’s top performers. Take Zomato, for instance. From being dubbed as a mere “tomato” to soaring from Rs. 60 to Rs. 154, it’s a testament to the power of bias-free, non discretionary investing. By making unbiased decisions and sticking with winning stocks, investors can reap substantial rewards, as evidenced by Zomato’s remarkable journey. . . . .

Reading Time : 2 Minutes

Importance of Marketcap vs price

Investors have been pondering a crucial question: can Yes Bank reclaim its glory days and soar back to Rs400, where it peaked in 2017-18? The rollercoaster ride of Yes Bank’s stock, from Rs10 to Rs400, and back down to under ten, now hovering around Rs28, reflects a tumultuous journey fraught with hope and disappointment.

Many early investors found themselves trapped in the stock due to the absence of an exit plan. As the stock plummeted from Rs400 to Rs10, the lack of timely exits led to substantial losses. . . . .

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WeekendInvesting Daily Bytes

The stock market's landscape on February 13, 2024, was a testament to the unpredictable nature of financial markets, where initial panic can swiftly turn into recovery, highlighting the resilience of certain sectors. The day began with the Nifty 50 index showing signs of distress, dropping to a concerning level below 21,600, a significant figure that had previously acted as a resistance zone around 21,700 points. This early panic set the stage for what appeared to be a tumultuous day for investors.

However, the markets showcased their dynamic character as the Nifty 50 made a commendable recovery, closing the day up by 0.6%. This turnaround was largely attributed to . . . .

Reading Time : 5 Minutes