Checking out the latest Nokia share price in India? Looking for the best possible investment opportunities out there with the biggest return rate? Are you thinking about becoming a stock market investor?
If the answer to at least one of those questions (if not all of them) is â€œYES!â€, then youâ€™re in the perfect spot, because weâ€™re just about to tell you everything there is to know about the Nokia share price in India and how to start investing in the stock market.
You should know that investing in stocks is one of the most profitable investment methods you can make, but like all investments, it can also come with a downside. This means that nothing is certain in the investment and business world, which could wind up costing you money when stocks tend to decrease in value.
On the other hand, if youâ€™re doing your research right and have a little bit of luck and perseverance, youâ€™re going to win plenty in the long run. Itâ€™s all about holding on to your stocks and not selling them the moment the price shifts up or down. Letâ€™s begin with our step by step guide for beginner investors.
- Nokia Share Price in India
- Can I buy Nokia stock in India?
- How to Buy Nokia Shares in India
- How has coronavirus impacted Nokia share price?
- Is it a good time to buy Nokia stock?
- Everything you need to know about Nokia stock
Nokia Share Price in India
The value of one Nokia share is the same in India as it is anywhere around the world, however, this does not mean that youâ€™ll be paying the same price for it. The price you pay depends a lot on fees, commissions, and your online broker of choice. Not to mention the day you are purchasing your Nokia shares, as the prices may be lower than usual, or a lot higher.
Everytime before you consider purchasing a stock, you should look at the historic Nokia share price, in order to make the best possible decision with your own money. You shouldnâ€™t rush it, and you shouldnâ€™t leave it on the side for when you have more time either.
You must take action, but you must do your due diligence upfront. So letâ€™s have a look at the Nokia share price history, to see whether or not the share price is up, or down, based on the stock marketâ€™s measurements.
Most online brokers will offer you this type of information, or at least data about the historic values reached by the Nokia (NOK) stock.
$5.75 is the latest closing share price for the Nokia (NOK) stock, on July 27th, 2021
The closing price refers to the value of 1 Nokia share when the stock market closed.
$61.88 was the all-time high (ATH) Nokia (NOK) share closing price which was recorded on June 19th, 2000
Thatâ€™s almost 11 times more than what the stock is currently worth, and that happened over 21 years ago. Thatâ€™s just how impressive the stock market can be, with both highs and lows.
$9.79 is the 52-week high stock price for 1 Nokia (NOK) share which amounts to 70.3% more than the stockâ€™s current price per unit
The 52-week timespan is often used as a measurement period for a stockâ€™s evolution on the market. It is one of the most useful pieces of information you can look at regarding a stockâ€™s price.
$3.21 is the 52-week low stock price for 1 Nokia (NOK) unit which amounts to 44.2% less than the stockâ€™s current value per unit
That means that the Nokia (NOK) share has fallen to almost half of the value it has today. This is why patience and time are so important when investing in stocks.
$4.45 is Nokiaâ€™s stock price as recorded in the past 52 weeks
Judging by the stockâ€™s average price for the last recorded period, you could say that Nokiaâ€™s price is currently overvalued, but then again, you never know if the stock will rise in just a matter of days.
All the historical daily share prices and data for the Nokia (NOK) stock since 1994 have been adjusted for splits.
Can I buy Nokia stock in India?
Of course! Nokia shares can be bought from all around the world, the company being publicly listed on the stock market for almost 3 decades. This means that if your online broker offers Nokia shares in its listings, you can buy it by a simple click of a button.
While some stocks allow you to buy small fractions of a share, this usually applies for stocks that have higher and more significant values, reaching a couple of hundreds, if not a couple of thousand dollars per unit.
Nokia stocks can be bought in full, meaning that you need to have at least the amount for 1 stock available if you want to purchase Nokia shares, as opposed to Apple, where you can buy even 0.1% of 1 stock.
If youâ€™re interested in buying Nokia shares in India, just make sure that your online broker has made the stock available for trading on their platform. If not, you can change online brokers and choose one that allows you to buy, sell, or trade Nokia shares on their platform.
How to Buy Nokia Shares in India
Youâ€™re here and you want to start investing in Nokia stocks as quickly as possible. We get it. We all do. Weâ€™ve all been there. However, when it comes to investing, the perfect time is not always the fastest. Usually, you should take time to do some research and to learn the basic terms (at least) before putting your own money on the stock market.
But before you head off analyzing the Nokia share price history (which weâ€™ll get more into detail in the following rows), you should go through this step by step guide where youâ€™ll learn what you have to do in order to buy your first Nokia shares in India.
Take your time and go through the guide because youâ€™ll definitely find a lot of things that can be useful for your future investments, especially if you plan on doing this for years to come, not just for a quick score. Ready to begin? Letâ€™s go!
Step 1: Start searching for the best online broker in India to buy Nokia shares from
Why do I need a broker, you may ask yourself. I want Nokia stocks, not to sign up for an online broker and pay who knows how much money. Well, the bad news is that the only way you can buy Nokia stocks is through online brokers.
You canâ€™t just go to the Nokia headquarters in Finland and ask to buy some stocks, because they simply don;t do that. No company does that, in case you are thinking of finding one that does.
Having to find an online broker from where youâ€™ll be able to buy stocks also guarantees that youâ€™ll not be a victim of online scams who may pretend to sell you stocks just to get your data and to steal your money.
This is why finding the right online broker for you in India is so important. Youâ€™ll be using their platform every time youâ€™ll be checking out your stock portfolio, or when youâ€™ll be buying, or selling your Nokia stocks.
Do a very careful analysis of the best online brokers for stocks in India before signing up and offering any of your details to third party websites. After youâ€™ve found the right broker you want to work with, youâ€™ll need to register an account. Which brings us to step number 2.
Step 2: Sign up for the online broker of your choice to begin investing in Nokia stock
After deciding on the online brokerage firm you want to start buying and selling Nokia shares on, all you have to do is to sign up on their platform. Having an online brokerage account will allow you to better understand the entire buy/sell/trade process when it comes to the stock market.
So donâ€™t rush your investing beginnings by only looking at the Nokia share price, because thatâ€™s the least relevant thing when youâ€™re getting started. Especially if you take into consideration that the price for 1 share will most likely change from the moment youâ€™ll first think about investing, until the moment youâ€™ll actually create an account and buy your first Nokia stock.
Registering an account on an online brokerage platform is a lot like the process needed in order to open a bank account. Since youâ€™re dealing with real money, you can only imagine that security measures against cyberattacks are extremely strict.
This is why online brokers will ask for your full name, address, city of residence, proof of address in the form of a driverâ€™s license or recent utility bill in your name, your phone number and email. They will even call you to verify that you are an actual person trying to open an account on their platform.
However, this process differs from an online broker to online broker. Weâ€™re just telling you this so youâ€™ll not be surprised when youâ€™ll be asked to give out all this personal information. They need it in order to secure your account and thus, protect your investments.
Sign up today and go through the entire verification process so you can continue with step 3 of our guide.
Step 3: Start with one deposit and test out the brokerage platform
Youâ€™ve found the best online broker tailoring your needs, youâ€™ve signed up and now you have a verified account, so whatâ€™s next? Making your first deposit, thatâ€™s it! This is the first step involving real money, so you need to pay really close attention.
Before depositing money on any online platform, be sure to choose the perfect payment method for you and your region. Some payment providers might charge you more than others, while others can be free to use.
Most online brokerage platforms accept all forms of payment, such as debit and credit cards (VISA, VISA Electron, Mastercard, Maestro, Discovery, American Express and the likes), various e-wallets (Neteller, Skrill, Trustly, and much more), services like Paytm, Payoneer, or PayPal, and anything else that has been made available by the website you are depositing on.
Check for the best fees, both for deposits as well as for withdrawals, because every penny counts when youâ€™re at the beginning of your investing adventure. In time, youâ€™ll learn the peaks and perks of each payment method, their processing time and other particular details, and youâ€™ll easily make deposits from then on end.
Are you ready to make your first deposit and officially start calling yourself a Nokia stock investor? You can also buy or sell any other share youâ€™ll find available on your online trading platform. Letâ€™s go to the next step, which is our personal favourite.
Step 4: Buy Nokia stock in India, or anywhere in the world
Like we previously said, this is our favorite step of the entire step by step guide about investing for beginners. Mostly because this is the step where you officially get to call yourself an investor, a stock owner, or whatever term you prefer.
So, if you checked out the Nokia share price today, and if you think that the price is right to begin investing, all you have to do is click the â€œBuy/Purchaseâ€ button and youâ€™ll immediately see the stock in your portfolio, as soon as the transaction has been processed.
However, this doesnâ€™t mean that you should rush buying Nokia stocks in India today, because now that you have everything laid out on your brokerage platform, you can invest any time you feel comfortable or have some extra cash lying around.
You can log in to invest from anywhere in the world, you donâ€™t necessarily have to be in India when buying or selling your stocks. You can trade from any country on Earth, as long as you have an internet connection.
Always check the price for Nokia stocks before deciding to buy some more or sell a portion of your portfolio, but try to get acquainted with the platform first. Surf around through their features, have a look at their pie charts, graphs and all the relevant data provided by your online broker and after you have all the pieces of the puzzle, you can make an informed decision.
Time for the fifth and last step of our investment guide. Ready, set, go!
Step 5: Review your Nokia shares portfolio on a regular basis
This is the first step of our investing guide where youâ€™re already an investor, but that doesnâ€™t mean that you shouldnâ€™t take it into account. Actually, this is the step youâ€™ll be repeating from now on with a very high frequency. That, of course, if you want to maximize your chances at making a profit with your Nokia shares.
Regularly logging into your online brokerage account is a must for any would-be investor that wants to stay updated with the stock marketâ€™s ups and downs. This way, you get to check the value of your Nokia shares in real-time and you can immediately assess if this is a good time to buy, to sell, or to hold.
You can even check your account just to see where your portfolio sits at the moment, you donâ€™t necessarily have to take action every time you look at the numbers. In fact, if youâ€™re in it for the long run, you shouldnâ€™t do anything at all.
Simply revise the share price for Nokia and any other investments youâ€™ve made and set up a regular weekly or monthly investment plan. You can invest a small amount with a regular frequency and youâ€™ll see it piling up into big stock portfolios over the years.
You can also begin day trading, but that requires a lot of energy and constant attention. You need to be alert so the moment the stock goes down you have to buy some more (believing that it will rise again) and the second it rises, you should start selling. Itâ€™s tricky, but if youâ€™re lucky, you stand to gain a lot of money. The higher the risk, the higher the reward.
It just depends on what type of investor you are. There are no wrongs or rights here, but you should always make well-informed decisions in order to build up strong investment strategies. Thatâ€™s our advice.
How has coronavirus impacted Nokia share price?
COVID-19 has affected most companies around the world, given its global scale and the huge impact it had on both the business sector, as well as the daily social life of people. This is when you see which companies know how to adapt and to overcome the tide, and which ones have a shaky foundation and canâ€™t handle the economic turmoil.
Nokia, as a measure to limit coronavirus pandemic negative effects, has decided not to pay off dividends to its investors in 2020, a decision which has proven itself to be successful. The company actually managed to make huge profits, despite the global pandemic.
22% is the rise in profits for Nokia during April-June 2020
That means that Nokia made more money during these 3 months than the same period before the COVID-19 pandemic.
$376 was the total profit recorded by Nokia for the same 3 month period in 2020
Although sales were down by 11%, the company still managed to make a profit.
$6.03 billion is the total revenue generated by Nokia sales in the first quarter of 2020 (Q1)
This just proves the companyâ€™s high capacity to adapt to all the economic changes that happened as a direct result of the coronavirus restrictions and safety measures.
Having had such a good 2020, it comes as no surprise that Nokiaâ€™s stock has surged during a tough year for many of its competitors, especially from the Chinese market.
Is it a good time to buy Nokia stock?
Investing in the stock market is never a bad idea, unless youâ€™re investing with money you donâ€™t have, or if youâ€™re investing money you canâ€™t afford to lose. All major investors present on the stock market have been investing during good times, as well as during bad times.
The only reason why they stay rich and successful is the fact that they can afford to wait out a period when the stock market crashes, like it happened during the financial crisis of 2008. They simply wait for the stock market to recover, or simply invest even more, given that prices (including for Nokia) are at an all-time low.
If youâ€™re a beginner in the investment world, which you most likely are, youâ€™re going to have a shock if you invest in Nokia stocks and you see the price drop by 50% in just a weekâ€™s time. This is why you should never invest more than your current financial capabilities.
Investing is a long term game. Itâ€™s a marathon, not a sprint, and you should consider investing small amounts of money, but on a more frequent basis. That way, even if you lose some money, you will not be severely affected by the stock marketâ€™s highs and lows.
So the answer to whether or not the time to buy Nokia shares is good or not, is entirely up to you and your financial means. If you have available money to invest, go at it. If not, wait a little until youâ€™ll be more financially stable and able to invest with a recurrent frequency.
Everything you need to know about Nokia stock
When it comes to buying Nokia stock, you should always stay informed with what the company is doing at the moment, what the future plans are and what products or services they have in development right now.
You should read up on any piece of news evolving around the FInnish company, because any good information may trigger the stock to go up, while bad news or rumors can make the Nokia share price go down the drain.
Before investing in the stock market, you should be aware that there are two types of stock you can purchase and add to your investment portfolio. First, you have non-dividend giving stocks, and then you have dividend giving stocks.
Nokia offers dividends to its investors on a yearly basis, which means that youâ€™ll be getting a small percentage of your investment in return, year after year. The more you invest, the more youâ€™ll get back. And in addition to this passive income, youâ€™ll always have the stockâ€™s value to rely on which you can cash out at any time.
So, if the price per 1 Nokia share goes up, youâ€™ll get a higher dividend, while as the stock goes down, youâ€™ll receive less in return. Thatâ€™s just how the stock market operates. But letâ€™s give you an example so you can get a better grasp at how Nokia dividends play out.
0.056% per share was the dividend offered by Nokia Corporation (NOK) on July 29th, 2019
Like we stated above, given the COVID-19 pandemic, Nokiaâ€™s board of directors decided not to pay dividend to its investors in 2020 in order to keep the company functioning at the best possible parameters.
Letâ€™s say you bought $1,000 worth of Nokia (NOK) shares on July 29th, 2018 (so 1 year before dividends were paid).
The closing price for 1 Nokia share unit at that time was $5.5, which means that for $1,000, you managed to purchase 181 Nokia shares. The number of shares has been rounded, as you can only buy 1 full share, not fractions of a share.
So, on July 29th, 2019, when dividends have been paid off to investors, hereâ€™s what you would have gotten:
Nokiaâ€™s payout for 181 shares = 181 shares x 0.056 dividend per share = $10.14
In the event that you had purchased Nokia (NOK) shares 3 years earlier worth the exact amount of $1000 on Apr 20th, 2016 at a share price of $6.15 per unit, your total dividend payout would have been:
Number of shares = 162 The Payout = Number of shares x Dividend per share = $9.07
This example shows you how dividends for Nokia shares work and you should seriously take it into account when investing on the stock market. But letâ€™s talk a little bit about the non-dividend giving stocks.
This type of stock is more likely to have a volatile rise, or fall, meaning that you are much more likely to see a huge rise in its value throughout a year, thus making you more money, but it can also mean the opposite.
These stocks tend to come with higher risks, but like weâ€™ve said countless times before, no risks, no rewards, or the higher the risk, the higher the reward. Itâ€™s all up to you and your investment style. Just remember, no investment is a 100% sure thing.
To put things in perspective, investing in the stock market is a risky game, but nonetheless, itâ€™s a palace where you can stand to make a fortune if you play your cards right. If youâ€™re planning on getting into the stock market to create long term value, that means that youâ€™re already doing yourself a service.
However, you should prove to yourself that you have the patience to play the waiting game, because when it comes to investing in shares, it takes a certain type of investor to make it big, no matter the stocks you are thinking about investing in.
So, if youâ€™re checking the Nokia share price in India today, that doesnâ€™t necessarily mean that you have to purchase stocks at that exact moment. But it also doesnâ€™t mean that you should hold on investing forever, because you could be losing a lot of valuable time on the market.
During this period prices may go up even higher and youâ€™ll regret not having bought your stocks at the moment you were initially thinking about making the investment. The whole idea with investing in stocks is that thereâ€™s no right or wrong time to invest, as long as youâ€™re planning to do so for a long period of time, not just to make a quick buck.