Is it good to buy Bajaj finance in recession time?

Forums > Learner on 4/28/2020 | VIews: 214

I am noticing that Bajaj finance has corrected from 4500+ to below 1900 in last 1 month. When the whole world is struggling with recession and people are talking about slowing down economy across the world, is it good to buy Bajaj Finance now? I feel there will be impact of slowing down economy on Bajaj finance and people will either stop their purchase or delay their purchase that will impact the business of Bajaj finance.

Please write your views.


Answer


0
DynamicInvestor on 4/28/2020
I completely agree with you Learner. There will be huge impact on Bajaj finance at least for next 3-4 quarters. The real affect of Corona lockdown is still to reflect in economy. The current impact is only of lockdown however when the numbers will start coming in, the lockdown impact will be visible on the business, job, sales and almost everywhere.

So I feel, though Bajaj finance is a very good company with very dynamic management and proven compounder, we may get more chances to accumulate at lower level. SIP mode can be the the right strategy.

Your Reply


Post as a guest

Username
Email
Valid email id only.

Latest Forums




Website disclaimer: The views, opinions, investment advices (if any) expressed by author on Sharefunda.com are their own and not that of the website or its management. Users are advised to contact certified financial advisor before making investment decisions.

Get notification for new forum post

Delivered by FeedBurner


 

 

Share Market Best Practices

  • Do not borrow and invest.
  • Do not invest all your money in Share Market.
  • Do not invest all investible money in one company/sector.
  • Do not invest for short term.
  • Should follow SIP approach for investing
  • Do not blindly trust on multibagger tips or recommendations in media however get clue from them, research on your own, and then invest.

+ Educational drive from ShareFunda

Notice
This website doesn't encourage quick money making tips and tricks, quick multibagger call etc. Please refrain from posting such messages. If you found any such message, kindly let us know and we will take appropriate action.

We do not have any paid calls, groups or channels.

Latest Articles


Latest Portfolios


Latest Thoughts