But such belief if held by speculators is termed expectations. The greedy deserve punishment, as happened post-Ketan Parekh. Fair play zindabad. And the government has gone cuckoo in deciding on rolling settlement. Nothing should be done to interfere with the markets, say the critics of Sebi and the government.
Share prices are, however, volatile.
Reliance Industries Ltd, for example, touched a high of Rs 600 plus and a low of Rs 125 minus. The advice can be to buy only at Rs 125. A 20 per cent rise in price during the year of purchase should trigger profit booking. However, the expected price rise may not happen during a year. So, the investor waits, logically, for a higher order of price rise.