This is the right time to accumulate quality stocks at never-before prices: Deven Choksey

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says keep accumulating good quality stocks at the price at which they are currently available and adding to your portfolio. It is better to repent after buying than to regret it thereafter. When the fundamentals of business and the companies remain intact and they are not showing the signs of deterioration, as much as the global turbulence is, in such a situation, gather the confidence and conviction to buy into good quality stocks.
Time to buy yet or do you think there could be some more pain in store?
Deven Choksey: Yes, it is time to buy. We always tell people that in a falling market like this, you do not buy everything at one go, but you accumulate. So, keep accumulating good quality stocks at a price at which they are currently available and adding to your portfolio.

It is better to repent after buying than to regret it thereafter. This is another piece of advice that you put across to all our investors because when the fundamentals of business and the companies remain intact and they are not showing the signs of deterioration, as much as the global turbulence is, in such a situation, one will have to gather the confidence and conviction to buy into good quality stocks.
Remember the current fall in the market is largely due to the misbehaviour of the currency, which is forcing some of the global traders to pull money out of the emerging markets, including India, and that situation has largely been played out. If that is so, then in such a situation, even if