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Indian stock market: Safe Bets in a Volatile Market 23 April 2008 Source: www.keynoteindia.net
While there has been an across-the-board correction post-January 10, the fall varies across sectors, as also market across capitalisations. We decided to filter out stocks with sound fundamentals, which have seen a steeper correction. We considered stocks with above $1 bn market cap for this exercise. We shortlisted 20 such large-cap stocks, which have seen a sharper-than-Sensex correction. We excluded stocks belonging to the real estate (valuation concerns), financials (margin pressures) and commodities (cyclical) sectors. To read more download the attached list compiled by Keynote Capitals Research, comprises of a cross-section of leading companies across sectors like power, infrastructure, capital goods, media and entertainment and minerals. These companies have established track record, robust business models and strong balance sheets. Some of them are government-owned. While the markets continue to be volatile, we believe these stocks can be considered safe bets and can give decent returns, going forward. |
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