Amidst the lockdown, the economy has dropped severely. The equity market all over the globe were affected. Even if the worst bull markets have given investors the opportunities with certain stocks to outshine the shady markets in the past.
Similarly, in this year the fall in S&P, BSE Sensex, Nifty-50 has tanked almost 40 per cent of the thrown-up opportunities which can certainly help investors in figuring out market leaders one the bull returns back to Dalal Street.
Considering the historic view, the three major corrections of 1997, 2000 and 2008 where in stocks have progressed during the initial base formation phase which later turned out to be the leaders of next bull market and initiated multifold returns for the next three years.
Britannia Industries – The stock completely pulled back the previous decline and registered a trendline breakout on the technical charts. One of the leading biscuit manufacturers in India has benefitted during the coronavirus pandemic as it shifted the consumers to packaged foods instead of loose products. It is a well-maintained brand and has positioned its leadership in the industry with over 33 per cent market share in the industry. The market size of 35,000 crore branded biscuit under the category in India. the share price of company mounted to 61 per cent since last week of March.
Sanofi India – The company being under pharmaceutical sector has gained access in the times of outbreak as people become more aware about healthy lifestyle and taking enough precautions. It is one of the fastest growing companies in India specially for anti-diabetic therapy. The stock has seen 34 per cent growth till date.
Larsen & Toubro Infotech Ltd – the information technology has major diverse client portfolio ranging from banking, manufacturing, utilities and pharmaceuticals. With India’s mission of digitally transforming the country we expect the company to face pressure in terms of pricing, delay in ramp-ups and lower voluntary spend. The company has been one of the major outperformers in the technology space and has jumped 38 per cent since last week of March.
The Indian Cements Ltd – Investment by Avenue Supermarts market has sent the stock price rising higher. The stock also generated a breakout above the 12-months consolidation range preparing for a move and offering opportunity for fresh entry. It is among the leading players in South India with an installed capacity of 15.5 MT. for now company’s expansion plans have been put to hold as the firm is focusing on debt reduction.