There is a big difference between those who follow the market on a daily basis and those who take a quick glance at it once in a while. One category tracks moves for short term trades and the other looks out for long term investments.
What catches the attention of both these categories simultaneously though?
When the top two gainers of the day in Nifty50 go by the ticker names of SBIN and ITC.
This is not a frequent phenomenon and hence attracts more eyeballs upon occurrence.
Read on to know more.
SBI and ITC are like the elephants of the jungle – they move when they have to but stay under the radar for the most part. These are evergreen names that have the good fortune of being held in high standards in the eyes of the market, regardless of market conditions.
Ask around for long term investment tips, and all analysts big and small manage to throw these two names in the mix pretty often.
But why are we focusing on these names?
Has anything changed? Maybe.
Are we observing something new in the price action? Maybe.
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