INSUBCONTINENT EXCLUSIVE:
portfolios are getting support from a couple of stocks that have managed to hold their heads above water in this carnage on a year-to-date
basis.
In the BSE100 pack, stocks such as Pidilite Industries, Avenue Supermarts, Hindustan Unilever, Divi's Laboratories, Apollo
Hospitals Enterprise, Asian Paints, Nestle India, Bharti Airtel, Shree Cement and Dr Reddy's Laboratories are still trading in green on a
The BSE100 index itself is down 20 per cent so far this year.
Among them, Asian Paints has proven to be the most resilient to this carnage,
and is down only 4 per cent down from its 52-week high
Avenue Supermarts has erased 21.16 per cent from its 52-week high.
While most analysts expect the market to continue the southward journey
elevated levels with PEs of about 50-60 have been hit the most
volatility has to subside
Once that happens, people will again start moving from low-quality stocks into large-cap companies with better managements and higher
quality of books from smallcaps and midcaps, which might not have the firepower required to tide over the uncertainty that we might have
Avenue Supermarts 9.79 per cent, Hindustan Unilever 7.47 per cent, Divi's Laboratories 5.50 per cent and Apollo Hospitals 3.53 per
cent.
In a February 1 note, Firstcall Research said it was overweight Pidilite Industries from a medium- to long-term perspective.
Ambit
are in a sweet spot to capitalise on the opportunities in the API space
A strong run up in the API prices in the recent past is attributable to likely supply disruption from China (due to outbreak of the
16 note, IDFC Securities said Apollo Hospitals was its top pick in healthcare services pack