*Why Markets Are Rising*
(This is my Personal View Point)
1. Shares Which Have Fallen Badly are Rising Now Like Banks, Telecom, Auto. The Industry was close for only 3 Months But Share prices fallen by more than 50%. So to reach to their earlier levels they have to rise by 100%. So a V shaped recovery is foreseable.
2. Changing habits of Customers are going to bring Big Changes for Auto Sector. More and More person will try to use personal vehicles instead of Public transport due to fear of Covid. So big positive for Maruti, Eicher Motors, Tata Motors, Bajaj Auto, Hero motors, Escorts.
3. Great Monsoon Prediction, New Govt Policy of delimiting the geographical area which means farmers are now not forced to sell their produce in mandis, they can sell Inter state, They can now sell directly to companies, Recent announcement of Increase in MSP of Sugar price. Increased credit to Farmers, Increased Infra. All this will be good for Agro chemical Companies, Plastic Pipe Companies, Auto sector.
4. Telecom will be a big Play. The ARPU is increasing. Minimum Floor price may be announced soon by Govt. Extensive usage of Data due to massive digitisation. The increased ARPU was reflected in Jio Results and also in Airtel Results. All are now waiting for Vodafone Idea Results.
5. If you see the movement of price in the market. The price of maximum those companies are increasing whose prices have fallen too much in the Past. For eg Lemon Tree Hotel Price fall from 60 to 15 inspite of huge holding of FII.
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