Pune techies wary of buying tech stocks

Updated On: 29 January, 2009 08:58 AM IST | | Kaumudi Gurjar

The morale and situation of the stock market is so low that even tech professionals are scared of investing in its stocks.

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The morale and situation of the stock market is so low that even tech professionals are scared of investing in its stocks.

"The stock market is constantly fluctuating and the stocks are at an all-time low. I had bought shares of a particular company at Rs 120. Today, its price is struggling at Rs 55," Sagar, a project analyst said.

Sagar feels although it's time to buy stocks, risk is still very high. "Due to global recession and no job guarantee, one prefers to save money than invest in a volatile market," he added.

Considering the uncertainty in the sector, Nikhil, a senior project developer in Aundh, doesn't want to take chances. "I don't want to land up in a double trap. As it is I face the threat losing my job," he said.
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