At 1:50 PM on Saturday, Aryan Tiwari arrived punctually at the Axis Securities – Noida Sector 18 Branch.
The office was located on the second floor of a commercial complex. Inside, the atmosphere was quiet. Most of the people present were middle-aged or elderly, discussing investments in low voices. Young faces like Aryan's were rare.
He took out his phone and called Neha Verma.
Less than two minutes later, a woman in a formal blazer with neatly tied hair walked toward him with a professional smile.
"Mr. Tiwari, please come with me. The seminar is about to begin."
Neha led Aryan to a conference hall on the third floor. More than a dozen people were already seated—mostly senior investors with notebooks and reading glasses.
She arranged a seat for Aryan near the back, handed him a bottle of water, and said politely,"Please make yourself comfortable. I'll be nearby—let me know if you need anything."
Aryan nodded and sat down.
He looked around. Everyone was studying the printed brochures in their hands—mutual funds, structured products, stock baskets.
Exactly at 2:00 PM, the seminar began.
The main speaker was a man in his early forties, wearing rimless glasses.
"Good afternoon. I'm Mr. Sharma, senior equity analyst," he introduced himself.
Mr. Sharma first spoke about the overall market trend, then moved on to hot sectors, and finally analyzed a few example stocks.
Aryan listened carefully, pen moving quickly.
Concepts like moving averages, support-resistance, and volume–price relationship were things he had read before—but today, for the first time, they truly made sense.
Midway through the seminar, Mr. Sharma paused.
"Now, let's have a short Q&A. You may ask any questions related to stock investing."
Immediately, an elderly man raised his hand.
"Sir, I bought Shivam Media Ltd six months ago and I'm still stuck in loss. What should I do?"
Mr. Sharma examined the chart on the man's phone.
"This stock has weak fundamentals, a very high P/E ratio, and no positive triggers. My suggestion is to exit and shift to a quality stock."
The old man sighed and nodded.
Several more questions followed, each answered patiently.
Aryan also had a question—but hesitated.
Am I too basic? Will they laugh?
Just then, Neha leaned closer and whispered,"Mr. Tiwari, feel free to ask. Mr. Sharma encourages questions."
Aryan took a deep breath and raised his hand.
Mr. Sharma smiled. "Yes, young man?"
"Sir," Aryan began, slightly nervous,"how do we judge whether a stock's valuation is reasonable? Is looking at P/E or P/B enough, or should we consider other indicators?"
Mr. Sharma nodded appreciatively.
"That's an excellent question—and a very important one."
He continued:
"To judge valuation, never rely on a single indicator.
First, P/E ratio—compare it with the industry average and its historical range. A low P/E alone doesn't mean undervalued.
Second, P/B ratio, especially important for banks, NBFCs, and asset-heavy companies. A P/B below 1 may indicate undervaluation, but context matters.
Third, profit growth rate. If a company has a P/E of 20 and profit growth of 30%, the valuation is reasonable. But if growth is only 8–10%, that P/E is expensive.
Fourth, dividend yield, especially for conservative investors. High dividend-paying stocks have stronger downside protection."
Aryan wrote every word carefully.
So this is what I was missing…
He realized he had been looking at numbers—but not at the relationships between them.
After the Q&A, the seminar concluded.
People slowly began leaving.
As Aryan packed his notebook, Neha Verma walked over.
"How was it, Mr. Tiwari? Helpful?"
"Very much," Aryan replied honestly."Many things are clear now."
Neha smiled, then added casually,"By the way, I noticed your recent trades—you enter near lows and exit near highs. Are you really just relying on luck?"
Aryan's heart tightened.
"Yes… mostly luck," he replied quickly. "I just follow news and make small bets."
Neha didn't push further, only smiled."Then you're quite lucky. Feel free to contact me anytime."
Aryan nodded and left.
Walking back home, Aryan calculated silently.
Capital: ₹4,232.
Earning ₹200–300 per trade was steady—but slow.
If he wanted to reach ₹1 lakh, he had to:
Find higher momentum stocks
Increase capital efficiency
Eventually try swing trading
Back in his rented room at Shivlok Apartments, Aryan opened KaalDrishti again.
This time, he searched for Tata Power Renewables—a major player in the new energy space.
Predicted rise: ~7% in three days.
Promising.
He closed the app and stared at his balance.
Then he set a goal in his notebook:
₹4,200 → ₹1,00,000 in 30 days
Difficult? Yes.Impossible? No.
With KaalDrishti, discipline, and learning—he believed he could do it.
Aryan stood by the window, watching the evening sun dip below the buildings.
This road would not be easy.
There would be pressure, temptation, and danger.
But he wouldn't stop.
He would rewrite his life—and make everyone who once looked down on him look again.