Should I accumulate "SBI card" shares at this l...

Should I accumulate "SBI card" shares at this level

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Deal Cadet
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SBI card” shares are available now at discount price
I am not able to decide is it the right time to accumulate this share @ 520-540 level
Or wait for getting at more discounted price.
Expert dimers share your opinions
Thanks

17 Comments  |  
13 Dimers
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Deal Cadet
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Im nt expert,but mkt stil to fal

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Deal Lieutenant
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shana5 wrote:

Im nt expert,but mkt stil to fal

Even experts do the same – guessing
some group is keeping mkts at high levels till enough novices are trapped and then crash crash crash to 6k levels – situation is worse out there
So buy if you are long term investor – may be if there is any +ve development related to Covid, Nifty can see many upper circuits

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Deal Newbie
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I think so nope, as the cases increasing day by day wouldn’t help market

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Deal Cadet
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no one can ever guess market….long term investors need not to wait for a share in a range of ~500 for +-50rs .

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Deal Cadet
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I am thinking to buy more at below 450 now , though I have 2 lots of SBI from IPO . made a mistake, should have sold that time after listing .

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Deal Hunter
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No one can predict bottom , for medium to long term this a perfect portfolio stock.
Might prove a multi-bagger

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Deal Cadet
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ZitOO wrote:

I am thinking to buy more at below 450 now , though I have 2 lots of SBI from IPO . made a mistake, should have sold that time after listing .

I got one lot and sold it at 720 rs when it touched its high.

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Critic
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My opinion is to wait until there is definite sign of market recovering from bottom, credit card companies are especially vulnerable to increased npa because of overall poor economic condition & since we have already seen 7500 nifty level once just when coronavirus situation was in its initial phase so I don’t think one can say market has started recovering unless it see similar lower levels a few times more.

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Analyst
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guest_999 wrote:

My opinion is to wait until there is definite sign of market recovering from bottom, credit card companies are especially vulnerable to increased npa because of overall poor economic condition & since we have already seen 7500 nifty level once just when coronavirus situation was in its initial phase so I don’t think one can say market has started recovering unless it see similar lower levels a few times more.

Yes wait, lower levels might come, i suppose. And from May 4, i guess, it will be a fnO stock. So you can wait
P.s. Please don’t buy just because of the name, and do have an understanding of how credit card business work.
Dis I am not a sebi regd advisor

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Deal Cadet
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better to accumulate in small qty. on every dip as no one can predict the bottom…and if market goes upside then this stock has good potential to move upside

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Blogger
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Awake wrote:

Yes wait, lower levels might come, i suppose. And from May 4, i guess, it will be a fnO stock. So you can wait
P.s. Please don’t buy just because of the name, and do have an understanding of how credit card business work.
Dis I am not a sebi regd advisor

But you says things better than advisors 🤪🤪🤪🤪

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Critic
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harsh2910 wrote:

better to accumulate in small qty. on every dip as no one can predict the bottom…and if market goes upside then this stock has good potential to move upside

That is the right way but the thing is this entire situation is unique because of coronavirus so the usual buy at every dip may not be the right way for every share. The closest similar example is that of 2008 crisis during which indexes fell to ~half of their pre-crisis highs & in my opinion this is what most buyers should wait for(aka nifty to reach ~7k) before start buying in dips. I certainly don’t recommend buying shares of any banks/credit card companies as long as nifty is above 8k.
@bikidas2060 @BubbleBoyChickenLittle @Awake

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Analyst
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bikidas2060 wrote:

But you says things better than advisors 🤪🤪🤪🤪

Guess every flounder has his day sweat_smile

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Blogger
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Awake wrote:

Guess every flounder has his day sweat_smile

Naaah. 🙂🙂🙂

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Deal Newbie
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SBI card share price hit its lowest at nearly Rs 500. But in the past 5 days it has seen a rise of about 10%. If you have some appetite for risk then you may go for it otherwise you should wait for things to cool down a bit.

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