Hello Gaurav
You are absolutely right. High priced shares can also give very good appreciation if picked up at the right time. But personally always I liked to buy low priced ones.
After reading your posting, I was thinking why such a preference. Finally I could find out the reason. Hangover of a bygone era!
When I started investing, shares were in physical form and there were marketable lots. Many shares were traded in lots of 100.Odd lots were difficult to sell and fetched a low price. To invest in a share quoting at Rs 500, a minimum of Rs50000 required. That was beyond my reach. So I used to follow low priced ones. This became a habit.
From the first line of your post, I could make out that either you are in stock broking or in portfolio management. Please do continue to post in this thread and enrich the content.
Thank you Gaurav
Regards
Niranjanam
You are absolutely right. High priced shares can also give very good appreciation if picked up at the right time. But personally always I liked to buy low priced ones.
After reading your posting, I was thinking why such a preference. Finally I could find out the reason. Hangover of a bygone era!
When I started investing, shares were in physical form and there were marketable lots. Many shares were traded in lots of 100.Odd lots were difficult to sell and fetched a low price. To invest in a share quoting at Rs 500, a minimum of Rs50000 required. That was beyond my reach. So I used to follow low priced ones. This became a habit.
From the first line of your post, I could make out that either you are in stock broking or in portfolio management. Please do continue to post in this thread and enrich the content.
Thank you Gaurav
Regards
Niranjanam