Hey All,
Yes, stock markets are crashing and I am buying and small chunks. A wise man once said honestly I dont know who said it but the saying goes something like this - "Buy when no one is Buying" in simple terms invest in some or the other thing when others are not investing and are panicking. When the market is full of fear and uncertainty, that’s when real opportunities are created. I kind of prefer to continue to invest irrespective of market swings UPs and Downs are always going to be there. One needs to take advantage of market consitions and should accumulate gradually and stay consistent, because long-term wealth is built during tough times, not when everything is already booming. Coming to the main point as to why I am investing in Dixon Technologies (India) Ltd having ticker::DIXON - just have a look at its price which currently is trading around Rs.10K+ INR which is equivalent to around $110+ dollars.
India Stock Market - Plan to Buying my first most expensive STOCK INR 10K+ Dixon Technologies - Lets Explore...
First things first, I’ve always wanted to own a high-value stock. Yes a stock that trades at a premium price and reflects strong market confidence. I had been eyeing Dixon Technologies for quite some time now and had somewhere feeded in my mind that once it trades below Rs.10K INR I would definately buy my first high value stock. And you know what the time has now come and I am now almost ready to DIXON at this price. Consedring the market sentiments, I did #hodl buying during the last Tursday session i.e. on 2nd March and on 3rd the India Stock Market was closed due to Good Friday holiday. Lets see on Monday at what price the stock opens and will I be able to get DIXON to my stock portfolio or Not - lets see it on Monday.
Now let me also quickly talk about some of my other reasons to investing in Dixon Technologies which is not only limited to the reasones listed below and they are::
- DIXON has a good return on equity (ROE) track record: 3 Years ROE 28%
- The company has delivered good profit growth of 45.0% CAGR [Compound Annual Growth Rate] over last 5 years
- Most important DIXON has emerged as one of the fastest-growing mobile phone manufacturers in India
- Have a glimpse to the annual production numbers of the products it manufactures and is growing rapidly
| Category | Annual Production Capacity |
|---|---|
| Smartphones | 60 Mn |
| LED TV | 6.5 Mn |
| Refrigerators | 1.2 Mn |
| Semi-Automatic Washing Machines | 2.4 Mn |
| Fully Automatic Washing Machines | 0.6 Mn |
| LED Lamps | 200 Mn |
| LED Batten | 40 Mn |
| Downlights | 20 Mn |
- And finally my interest to buying a high valued stock - which I term it as my personal interest.
So where do I go from here. Short answer for now I need to buy my first DIXON share and most probably if the markets open in RED on Monday then I should be able to get my first purchase and then I am going to add 1 stock at every 15% dip and the total quantly that I am looking here is of 5 shares of Dixon Technologies (India) Ltd. And always remember the thumnb rule in the stock market which is protect your capital first, profits will follow. Ok for now this should be it for todays post on - "India Stock Market - Plan to Buying my first most expensive STOCK INR 10K+ Dixon Technologies - Lets Explore." Be Alreart & Vigilant before Investing in Crypto & Stocks... Happy Investing.. Cheers
#StockMarket #Crypto #LongTermInvesting #Investment #hodl #strategy #WealthBuilding #Dixon
Image Source: Pro Canva license, Chatgpt, Sharekhan Stock Broker App, screener
Best Regards
Paras
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have a personal interest in blockchain, stocks, and cryptocurrencies and actively invest in emerging projects.