Synopsis
As investors brace for earnings downgrades over the next few quarters, the focus is likely to be on companies with stronger profitability track record. Out of the top 1,000 Indian stocks by market capitalisation, 26 have posted a return on equity (ROE) – a measure of companies’ use of shareholder money – of more than 25% each in the last five years.
Mumbai: As investors brace for earnings downgrades over the next few quarters, the focus is likely to be on companies with stronger profitability track record. Out of the top 1,000 Indian stocks by market capitalisation, 26 have posted a return on equity (ROE) – a measure of companies’ use of shareholder money – of more than 25% each in the last five years. Many of these stocks have corrected an average of 30% from their 52-week highs. Analysts
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