BSE, CDSL & other capital market-related stocks: Buy, sell, or hold? The answer lies in just one data point

Remember the Surf Excel advertisement with the tagline “Daag achhe hain”? Similarly, there are times in the stock market when a decline – or what is commonly called a “correction” – may be described as “achhe hain”. These short-term setbacks caused by narratives and headwinds do create an opportunity for investors looking to pick up businesses with long and strong growth paths for the long term. However, given that stock prices have moved up and the valuations are no longer cheap, some amount of scepticism and fear is justified. And the antidote for scepticism and fear are facts and trends.