When a broad-based correction is happening in the markets, all stocks witness a decline. The question is: Have the macros and micros of all the stocks and sectors turned negative enough to warrant such a correction? The answer clearly is, no. Just three months back, this industrial house issued an IPO of a group company. The issue was heavily oversubscribed, the listing was at a premium, and there was a mad rush to buy the stock post-listing. Today, that stock is not in the limelight. Does this correction provide an opportunity to get into that stock with a medium- to long-term perspective? The answer tilts toward yes, and there is enough evidence to show that staying with a select few pays in the long term.
