The do’s and don’ts in a bear market: 5 guru mantras from Shankar Sharma

New Delhi: Even as we are staring at a possible bear market amid multiple macro headwinds, Dalal Street’s veteran stock hunter Shankar Sharma says there would be at least 20-25 stocks that will go up anywhere between 25-100 per cent in the next 12 months.

“Why should I be bothered about the Sensex or the Nifty because I do not own a single stock in those nor do I have any desire to own them,” Sharma said.

Even in this terrible market situation, if you work hard enough, if you go kicking the tires, looking under the hood of companies across the country, rolling up your sleeves, going underneath the car, you may find 10 stocks that are good enough for the next 2-3 years, Sharma said.

While the headline index Nifty has dipped over 10 per cent year-to-date, the bearish mood has been disastrous for a number of bluechips that have lost up to one-third of their market value.

Here are 5 investing mantras from Shankar Sharma in a bear market:

1) The stocks that got you in trouble in a bear market are highly unlikely to get you out of trouble in the ensuing bull market.


2) A bear market is never the end of the world. It's only the end of the world for many stocks.


3) Don’t sell off winners in a market crash; you will need them when the market recovers.


4) An "expert" has no right to advise you to buy now, if he never advised you to sell then.


5) Investing is only about flexibility and not fixation.