Feb 2018 has been a really bad month for stocks. Worryingly, the phenomenon is now also spilling into Mar 2018. Newspaper reports are as usual blabbering forecast after forecast only to be proved worthless. It is a proven fact that most newspaper reports are absolute junk and a waste of time in predicting market direction.
You can also find experts on both sides of the table, some clamoring for more blood, others more hopeful but still fearful. Amidst all the noise, I am getting first hand experience of how difficult can it be to be hopeful when your portfolio is deep in red.
At the same time, I realize though that it is a convenient opportunity to list down the stocks that have good fundamentals because those are the ones that see the least fall in this broad market weakness.
Some such stocks that I see as of Mar 7 that have not fallen much are listed below:
1. Arvind Mills - Jeans manufacturer, ready for a demerger - stays around 380 with a brief fall
2. Asian paints - priced at 1,111, hasn't seen a significant fall
3. Bata - not big fall in Feb although it has been maintaining downtrend for some time, at 708 today
4. DHFL - borderline case that has seen a fall from 580s to 490s today but has been a very strong performer in recent months
5. Eicher - Hasn't broken 27,000 apart from a brief fall to 26k last month
6. HCL Tech - although all IT stocks are making a comeback but HCL has been relatively strong performer in bad times too
7. ITC - Perpetual performer, has seen slight fall only
8. M&M Financial - fallen from clsoe to 500 to 418 but is still a very strong performer consistently
9. HDFC Bank - one of the best performing stocks ever in India
10. Shriram Transport- wonderful stock in its category and a consistent top performer at 1322
11. KEI industries - improving business fundamentals and results have kept the company above 350
12. Minda Ind - massive run up due to performance has been sustained it over 1100
13. VIP industries - improving business fundamentals and results have kept the company above 340
14. Titan - amazing performance and results have pushed stock over 810 and kept it there
15. Voltas - stock over 620 and is a very consistent performer
16. Reliance - improved results in last few quarters has risen the share close to 900
17. TVS motors - strong results sustaining the company - 630
18. PVR - stays over 1250
19. Motherson Sumi - very strong performer, maintains levels of 310+
20. Indigo - best airline company, improved to 1270+ despite engine hiccups
21. NBCC - came down to 190 but still maintains its edge in infra business
22. Rajesh Exports - benefit from demonetization, stock not at all impacted from Feb fall
We know that stocks are sustained by earnings in good or bad times. In these fearful situation, it is an amazing opportunity to be able to spot the consistent performers relatively easily. Such exercise in turn can fuel your next research or at least narrow it down.
There are other stocks that corrected but are still good in terms of prospects but the above ones are stocks that are not highly impacted due to their strong earnings show.
You can also find experts on both sides of the table, some clamoring for more blood, others more hopeful but still fearful. Amidst all the noise, I am getting first hand experience of how difficult can it be to be hopeful when your portfolio is deep in red.
At the same time, I realize though that it is a convenient opportunity to list down the stocks that have good fundamentals because those are the ones that see the least fall in this broad market weakness.
Some such stocks that I see as of Mar 7 that have not fallen much are listed below:
1. Arvind Mills - Jeans manufacturer, ready for a demerger - stays around 380 with a brief fall
2. Asian paints - priced at 1,111, hasn't seen a significant fall
3. Bata - not big fall in Feb although it has been maintaining downtrend for some time, at 708 today
4. DHFL - borderline case that has seen a fall from 580s to 490s today but has been a very strong performer in recent months
5. Eicher - Hasn't broken 27,000 apart from a brief fall to 26k last month
6. HCL Tech - although all IT stocks are making a comeback but HCL has been relatively strong performer in bad times too
7. ITC - Perpetual performer, has seen slight fall only
8. M&M Financial - fallen from clsoe to 500 to 418 but is still a very strong performer consistently
9. HDFC Bank - one of the best performing stocks ever in India
10. Shriram Transport- wonderful stock in its category and a consistent top performer at 1322
11. KEI industries - improving business fundamentals and results have kept the company above 350
12. Minda Ind - massive run up due to performance has been sustained it over 1100
13. VIP industries - improving business fundamentals and results have kept the company above 340
14. Titan - amazing performance and results have pushed stock over 810 and kept it there
15. Voltas - stock over 620 and is a very consistent performer
16. Reliance - improved results in last few quarters has risen the share close to 900
17. TVS motors - strong results sustaining the company - 630
18. PVR - stays over 1250
19. Motherson Sumi - very strong performer, maintains levels of 310+
20. Indigo - best airline company, improved to 1270+ despite engine hiccups
21. NBCC - came down to 190 but still maintains its edge in infra business
22. Rajesh Exports - benefit from demonetization, stock not at all impacted from Feb fall
We know that stocks are sustained by earnings in good or bad times. In these fearful situation, it is an amazing opportunity to be able to spot the consistent performers relatively easily. Such exercise in turn can fuel your next research or at least narrow it down.
There are other stocks that corrected but are still good in terms of prospects but the above ones are stocks that are not highly impacted due to their strong earnings show.
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