In the midst of the sharp selloff in Indian equities in recent months, a few stocks managed to withstand the bear onslaught. Stocks such as , Bharat Dynamics, , , , , and , among two dozen stocks, have returned between 15% and 80% so far in 2022, outperforming most broad market indices.
Since January, the Nifty fell more than 9% amid the global meltdown in equities triggered by tightening monetary policy by central banks, rising commodity prices and growing concerns over recession in the US.
The Nifty Mid-cap index declined nearly 13% in 2022, while the Nifty Small-cap fell 25%. Earnings estimates by analysts saw net downgrades in June, marking the seventh consecutive month when next year’s estimates have been cut.
This is expected to put pressure on stock prices. Among the two-dozen outperformers so far in 2022, about 15 stocks are expected to give returns between 15% and 30% in a year, according to Bloomberg consensus estimates. ET has compiled a list of such stocks, which are tracked by more than five analysts.
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
