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These 70 Stocks Defied Market Sentiments Making Gains During Current Meltdown

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The Budget 2019 announced by Nirmala Sitharaman brought forth some unwelcomed moves such as the FPI levied surcharge, announcement of tax on share buybacks and the ongoing US-China spat have played a spoilsport and have led to the declines in benchmark indices since then. While Nifty has cracked a sharp 8% from its peak, the Sensex has lost as much as 9%.

These 70 Stocks Defy Current Slowdown; Made 40% Gains Since Budget 2019
 

Here is the list with their respective gains made:

Company Price as on Sep 3 (in Rs) Change (%)
Hathway Cable & Datacom 32.20 40.9
Sun Pharma Advanced Research Company 157.70 32.9
HDFC Asset Management Company 2649.75 31.7
Reliance Nippon Life Asset Management 282.35 27.5
Zydus Wellness 1659.85 21.3
Godfrey Phillips India 1003.00 20.5
Asian Paints 1576.50 15.9
Berger Paints India 362.65 13.2
Can Fin Homes 404.30 12.9
Apollo Hospitals Enterprise 1494.00 12.7
Sun Pharmaceutical Industries 439.45 12.1
Torrent Pharmaceuticals 1714.45 11.1
Eveready Industries (India) 77.90 11.0
Infosys 814.30 11.0
Dr. Lal Pathlabs 1186.10 10.3
Gujarat State Petronet 214.15 10.3
NIIT Technologies 1473.65 10.2
Pidilite Industries 1347.80 9.8
Dabur India 442.45 9.8
HDFC Life Insurance Co 536.55 9.7
Indraprastha Gas 328.65 8.7
Colgate-Palmolive (India) 1248.75 8.4
Ajanta Pharma 1018.20 7.9
Swan Energy 112.75 7.5
ICICI Prudential Life Insurance Company 423.45 7.5
CreditAccess Grameen 554.30 7.3
SBI Life Insurance Company 811.80 7.2
Nestle India 12684.30 6.8
Alkem Laboratories 1839.85 6.6
HCL Technologies 1108.55 6.5
Sanofi India 6089.25 6.5
ICICI Lombard General Insurance Co 1190.95 6.0
Abbott India 9428.80 5.8
Bata India 1539.10 5.7
TV Today Network 297.00 5.6
Gujarat Gas 172.25 5.6
Avenue Supermarts 1506.50 5.1
Tamil Nadu Newsprint & Papers 187.00 4.8
Phoenix Mills 683.00 4.7
Petronet LNG 264.10 4.6
Glaxosmithkline Pharmaceuticals 1239.60 4.5
Quess Corp 468.65 4.0
Hexaware Technologies 387.15 3.8
Spicejet 128.05 3.7
JB Chemicals & Pharmaceuticals 378.15 3.6
Marico 386.65 3.4
Kansai Nerolac Paints 456.65 3.1
Galaxy Surfactants 1298.05 2.8
Hindustan Unilever 1842.70 2.8
Fine Organic Industries 1423.55 2.4
Navin Fluorine International 722.25 2.3
MRF 57709.90 2.2
Adani Transmission 234.60 2.2
Glaxosmithkline Consumer Healthcare 7968.40 2.1
Natco Pharma 542.80 2.0
Multi Commodity Exchange Of India 878.60 1.7
Zee Entertainment Enterprises 361.00 1.3
Ipca Laboratories 960.85 1.2
Divis Laboratories 1639.60 1.2
Piramal Enterprises 1969.00 1.1
Prestige Estate Projects 290.20 0.9
Trent 451.95 0.8
JK Cement 1000.45 0.6
Tata Global Beverages 271.20 0.6
Max Financial Services 417.25 0.5
Tech Mahindra 704.30 0.5
Tata Consultancy Services 2252.25 0.4
Minda Industries 315.20 0.3
Mahanagar Gas 829.60 0.2
Whirlpool Of India 1602.40 0.1

Global factors such as the depreciation in rupee against the dollar have worked well from IT, pharma. Decline in oil prices have led the stocks from paints category to rally.

Pharma stocks have outperformed in their June quarterly numbers with better EBITDA numbers. Furthermore, despite the murmurs around consumption slowdown in the wake of economic downturn, large FMCG players including the likes of Nestle, Dabur and HUL have managed to deliver returns.

So, given the current correction in valuation of stocks, even beyond their value, should prompt investors to pick value stocks that have good fundamentals, management and other sound factors and may go in from stocks from the construction, hardware, IT sector stocks. Pharma stocks too have bottomed out in price that provide opportunity for buyers to book the stock at the current attractive valuations.

GoodReturns.in

Read more about: stock share market
Story first published: Friday, September 6, 2019, 14:07 [IST]
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