Don’t miss! These 11 stocks rose over 10% each in every June quarter of last 4 years
Investors look for consistent performers that can survive multiple market cycles.
Data throws up names of 11 BSE stocks from large, mid, and smallcap space that has given more than 10 percent returns each consistently in the June quarters of the last 4 years.
Indian markets plunged by about 30 percent in the March quarter pushing Sensex and Nifty into bearish phase amid the outbreak of coronavirus. This led to persistent selling by foreign investors. Since the start of the June quarter of financial year 2021, markets have stabalised a bit. Sensex is up 10 percent so far in the June quarter.
Data collated from AceEquity for the past 4 years for the June quarter showed that there are 11 stocks that have consistently given strong returns of over 10 percent each. These include Welspun Enterprises, Bajaj Finance, Kotak Mahindra Bank, GMM Pfaudler, Punjab Alkalies, and KG Petrochem Ltd.
“Among the above names, Kotak Mahindra and Bajaj Finance have been reporting strong financial performance consistently so we’re not surprised with the trend in these two. However, it could be multiple factors viz. expectation of higher earnings, buoyancy in the overall market etc. in case of the other stocks,” Ajit Mishra, VP Research, Religare Broking told Moneycontrol.
Barring a few, most of the companies belong to the small & midcap segment of the market which was brutally hammered in the March quarter and is still showing no signs of recovery so far in the June quarter.
This content is taken from www.moneycontrol.com