INSUBCONTINENT EXCLUSIVE:
NEW DELHI: At least 58 stocks from the BSE500 basket need to surge anywhere between 100 per cent and 3,000 per cent if they were to revisit
their 52-week highs.
If the same set of stocks are to touch new record highs, they would need a near-impossible rally of up to 1,50,000 per
cent!
Most institutional investors have already given up on many of these names, but retail investors are piling up these names, hoping for
multibagger returns.
Among these names is Reliance Communications, which traded at Re 0.56 apiece on Wednesday and requires a 3,052 per cent
rally to reclaim its 52-week high of Rs 18.60
For this stock to hit its January 2008 record high of Rs 844, it needs to rally 1,42,950 per cent!
Individual investors, with less than Rs 2
lakh exposure to a stock, owned 33.80 per cent of this company as of September 30
HNIs, who own shares worth more than Rs 2 lakh in a company, account for another 24.22 per cent holding.
Other ADAG stocks, Reliance
Capital, Reliance Infrastructure and Reliance Power need to rise between 780 per cent and 1100 per cent to revisit their one-year high
levels.
At Rs 21, DHFL shares need a 987 per cent surge to hit their 52-week high of Rs 252.90 hit on December 31, 2018
Small investors held 31.69 per cent stake in this housing finance company as of September 31
HNIs owned 4.62 per cent in this Wadhawan Group company.
Coffee Day Enterprises needs nearly 600 per cent jump to reach its 52-week high of
Rs 317 it hit in March this year
The stock traded at Rs 53 on Wednesday
Individual holding on this counter stood at 16 per cent
PC Jewelller, Jain Irrigation, Lakshmi Vilas Bank, Evergreen Industries and HEG need to rise between 320 per cent and 420 per cent, while
others such as Indiabulls Housing Finance, SREI Infra, YES Bank and Tejas Network have to rally over 300 per cent to reclaim their
One would still stay away from those names as because of the mishaps and correction, the risk in midcaps and smallcaps still remains high
Complete Circle Consultants believes investors should go where there is earnings visibility
One has to tread with caution on all those theories of quality being very expensive, and selling quality and getting into the cheaper names
You should go where the earnings visibility is," Chadha told ETNOW
