There is a need to understand and design the investment pattern rather than simply investing money in the stock markets. | |
| Currently, the domestic stock market is passing through a bullish curve, which may last for another decade, said Dinesh Thakkar, chairman and managing director of Angel Broking, in Rajkot on Saturday. |
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| He was speaking at the First Post Budget Investment Strategy seminar organised to educate retail investors of Rajkot and Saurashtra-Kutch region about the investment strategy they should adopt in year 2006. |
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| The management and investment experts of Angel Broking shared their views on the overall outlook of the market along with top sectors and potential stocks as to where should the investors consider investing money. |
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| Talking to Business Standard, Thakkar said, "Even foreign stock market experienced similar kind of boom and it lasted for quiet a long time, therefore it becomes essential to educate investors on how to perceive the market, by understanding the sectors where they wish to invest and how to design investment pattern, to benefit in long run." |
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| While, highlighting on the decade of excellence, which is yet to be anticipated in the Indian Stock Market despite sensex zooming 10,000 plus, he said, "The current bull run is based on the strong fundamentals of our nation's economy and the steady growth registered in corporate earnings, which is likely to continue in future for at least another decade." |
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| Thakker further said, "Our domestic economy itself is dynamic and promises self-sustenance, unlike other south east Asian countries, which banked by and large on the develop nations and are suddenly experiencing economic set-back with developed nations' economy graph scaling downwards. This is not likely to happen with us. Further, the youth force of our nation contributes tremendously towards the economic growth of our nation, because it earns harder and spends harder." |
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| Unveiling the future business plans for Saurashtra-Kutch region, he said, "We are planning to open our branches in the interiors of Saurashtra-Kutch region with centers like Bhavnagar, Junagadh, Gondal, Porbandar, Amreli, Veraval and Gandhidham. We are also targeting to tap commodity business potential from these places along with our targeted equity business turnover." |
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| This will not only help our clients to gain from the stock market boom but will also contribute towards generating employment, thus ensuring overall development of the region and our company, added Thakker. |
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| Currently, the company has customer base of 30,000 retail investors and 800 intermediaries with the hub activities centered at Ahmedabad, Surat, Baroda and Rajkot in the state. |
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