Bhubaneswar: Investing in the share market is not gambling, but rather a good way to earn money if done wisely. If you invest your money in the right place, it won’t sink, but instead give you good returns. Understanding the share market will help you realize how it provides good returns in a short span.
At Money Matters Odisha’s inaugural investor conclave, industry specialists shared valuable insights on navigating the stock market. The conclave, held at Hotel Swosti Grand, discussed various aspects of investing in the stock market.
Gaurav Kashyap, East Regional Head of MCX, emphasized the potential of commodity markets, particularly metal exchange, in generating significant returns.
“In India, our company facilitates gold and silver trading. By understanding market trends and investing strategically, individuals can reap substantial benefits,” Kashyap explained.
In the second session, Sarvam Goel, founder of Pocketful, noted that trend followers are aware of their profits. “Our company educates people on investing in the stock market to reap benefits. Odisha’s people are lagging behind due to lack of understanding.”
Manoranjan Mishra, News Room Editor, stressed that the stock market is not gambling. “Odisha people need to understand the share market to reap benefits. The stock market drives the economy, and India’s economic growth depends on it. Odisha, despite its lag, can bridge the gap by making informed investments in the stock market and reap significant rewards in the future.”
Santrupt Misra, former CEO of Aditya Birla Group, highlighted the difference between gambling and stock market investing. “While both involve risk, the stock market offers better returns. It’s essential to understand the market and invest systematically.”
Understanding the stock market properly will yield better profits. Limited knowledge can lead to losses. Always prioritize safety and invest wisely. There are various ways to do this. Investing in mutual funds is a good option as it’s systematic.
He also noted that market fluctuations don’t indicate economic collapse, as recovery is inevitable. Crossing the stock market threshold doesn’t mean the economy has collapsed; it will bounce back after some time. Life itself is a gamble, but we must take calculated risks. From birth to death, many events unfold, and even marriage can be compared to a gamble. Don’t be afraid; instead, move forward.
Tapan Chand, former CMD of Nalco, said, “I have earned more profits from investing in stocks than anywhere else. The stock market is the best option for investing money, with minimal losses and maximum gains. Common people should participate and invest money. Only wealthy individuals benefit from this, utilizing knowledge. If ordinary people understand and invest wisely, they will earn more.”
Ashok Kumar Bal, former IRS and Chairman of Mumbai Port Trust, said, “If you consider this gambling, it’s gambling. But if you view it as a medium for investing money, you’ll get good returns. If you invest wisely, you’ll never incur losses. Don’t follow others’ advice; take good counsel and buy stocks to ensure profits.”
Dr. Sitakantha Dash, founder of Kalinga Hospital, dedicated to lifelong social service, shared his experiences. Dr. Dash said, “Odisha is not backward; it’s advancing. I, a native of Odia, have reached great heights. I have transformed Kalinga Hospital from bankruptcy to prosperity. I’ve invested in healthcare and received good returns.”
Sambit Tripathy, former IRS and social worker said, “The stock market is an excellent way to grow money. Odisha’s youth are creating valuable assets. We must support those eager to advance. Gujarat has cooperation, enabling progress. We lag behind due to lack of cooperation.”
Tripathy further added: “There’s a difference between Odisha and Gujarat. Companies there yield better profits, while Odisha lacks transparency. Risk-taking is essential in Odisha’s share market. Investing surplus money is necessary.”
Naveen Jyoti Patnaik, a businessman, said, “Our state has food and housing security, but people lack the courage to take risks to move forward. When they overcome this fear, they’ll invest in stocks or mutual funds. Education comes first; then comes profit.”
Abhinash Samal, a businessman and social worker, said, “The stock market yields good returns, but not overnight. It may take five to ten years. Odisha will surely progress in the next decade.”
Renowned actress and politician, Pinki Pradhan, shared her thoughts at the event, saying, “I learned a lot today. We save money, but to convert it into more, that’s the power of the share market. Invest emotionally and wisely, and you’ll reap good benefits.”
Priyadarshi Bal, National Head, expressed, “The stock market offers excellent opportunities. Hundreds of companies are making profits daily. Local investors are investing daily and getting good returns. From my experience, I’ve earned substantial returns from the stock market over the last decade. Not just me, lakhs of investors are benefiting daily. People from other states have already made it their first choice. Odisha too has opportunities for investment in the share market, and now is the time to seize them. Understand it, invest wisely, and reap good returns.”
