Safe sparklers & high-risk rockets or value bombs? Vivek Karwa’s 6 picks
Vivek Karwa, CEO, VRIDHI Investment, says his two bets in safe sparklers include ICICI Bank and Piramal Pharma. “ICICI Bank is a very safe bet among the largecaps. It would be the safest as no stop loss is required and you can buy as much as you can. Piramal Pharma, is definitely a volatile stock, but I am putting it in a safe category because after a long time, after the split happened, the company has shown profits and the management is very clear that here on, things are going to be good.”
We have decided to split the top picks in three different categories; safe sparklers, high risk rockets and value bombs and I have heard that you do not have one, but two in each category that you will advise investors to look at.
I did not know one was enough and that is the reason I said two.
Absolutely, more the merrier.
Splitting into three categories is an interesting idea because no two investor is the same. Their risk appetites are not the same. And hence anyone wanting to choose can choose accordingly.
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Somebody may want to really play safe. He can play safe or he may like to play with bombs. You can go with bombs. It is like that. My first bet would be ICICI Bank. It is well researched and so I need not talk about fundamentals much, but valuations. Compared to HDFC and Kotak, ICICI is struggling at low valuations and the stock should at least give you Rs 1,100 by next Diwali. So it is a very safe bet among the largecaps. It would be the safest if you buy; no stop loss is
