This is the best time to buy stocks - Minister of State Cabraal’s forecast about the stock market

This is the best time to buy stocks - Minister of State Cabraal’s forecast about the stock market

6 March 2021 10:14 am

Ajith Nivard Cabraal, Minister of State for Finance, Capital Markets and Public Enterprise Reforms, said that this is a good opportunity to buy or hold shares in the face of falling interest rates. He said this in his official Twitter account.

Accordingly, the performance of many companies will definitely increase this year, the Minister of State said.

The Minister of State has also commented on the provision of marginal credit facilities by brokerage firms to equity investors. That is, it should be based on the entire investment portfolio and not on the shares of individual companies.

In this case, the total market capitalization is Rs. 3 trillion, but in the medium term it should exceed 4.5 trillion.