In a falling market, identifying good stocks involves thorough industry analysis and stock-specific fundamental analysis. Key factors include understanding industry demand, evaluating company performance, and recognizing potential growth triggers and red flags.

The chapter discusses the current market panic and the opportunity to buy discounted stocks, using CAMS as an example. It emphasizes the importance of industry analysis and understanding specific stock behaviors to make informed investment decisions.

The chapter discusses the potential growth in India's steel industry, highlighting the low per capita consumption compared to global standards and the expected increase in demand. It also provides insights on how to identify promising companies in the sector, using Hightech Pipes as an example, while emphasizing that it is not a stock recommendation.

The chapter discusses the importance of industry and stock-specific fundamental analysis for small-cap companies, emphasizing the need to understand shareholder patterns, red flags, and valuation context. It highlights that while high debt levels in small-cap companies can be concerning, they are often necessary for growth and can be managed effectively if the company expands its capacity and market presence.

The chapter discusses the potential growth triggers for the real estate and steel industries, emphasizing the importance of understanding market cycles and conducting thorough industry and company analysis. It also highlights the significance of learning systematic portfolio construction and red flag analysis through specialized courses.