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Money out of the idiot box

Meet the new “domestic engineers” of Gujarat who have made a name in the share market by just sitting at home and occasionally consulting the brokers, reports Rathin Das.

india Updated: Oct 03, 2007 03:38 IST
Rathin Das

They are no longer those kind of homemakers idling away time in front of the television sets. They do watch TV, but not to follow the the saas-bahu sagas. It is the movement of the share market that keeps these new generation of homemakers on their toes.

Meet the new “domestic engineers” of Gujarat who have made a name in the share market by just sitting at home and occasionally consulting the brokers. Several homemakers in the investment-savvy state have engaged themselves in the share market trading from the confines of their houses.

Contrary to the popular belief that women must be deputising for their husbands who are too busy, these housewives operate on their own without any tips .

She said that it is best to rely on self-analysis of the market instead of listening to suggestions from all and sundry. Hemaben, is now in a position to offer tips on trading. Her husband, had lost heavily in the share market.

“I took over at that time to give him relief from all that stress and strain,” said Hemaben who disclosed how she had entered the share market arena. Hemaben suggests that one can earn a lot in the steel and power sectors shares.

Harshaben was lucky she did not inherit husband’s loss. Harshaben Bhavsar had started with Rs 50,000 three years back but now has Rs 1.50 lakh circulating in the stock market. And her reading of the market is very professional. “The market will continue to go up till 2010. Sensex would touch 19,000 by this December and then slow down to touch 20,000 by 2010,” she told HT.

With her children grown up, she has all the time to watch TV and do online trading from the home PC. “Company fundamentals must be strong, how much capital they have and the quarterly results are to be studied,” Harshaben said about how to take the perfect investment decision.