6 high beta stocks for a make or break ahead of election results

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, May 15, 2014, 8:50 [IST]

If you have an appetite for risk, ahead of the election results on May 16, here are six stocks that are high beta. This means these stocks would rally much faster than than the markets and also drop faster. These stocks will either make more money or you may lose money on May 16, depending on the outcome of the polls. But, if you have a stomach for risk, here are are the six stocks.

HDIL

HDIL is a Mumbai based realtor which is back in the limelight in the last few months. The stock rallied more than four per cent on Wednesday and is currently traded at Rs 82.55 on the National Stock Exchange. It's a high beta and extremely volatile stock.

NCC

NCC is a construction major from Hyderabad and is yet another stock that has been very volatile in the last few trading sessions. Again, the stock is a high beta one.

Bank of India

PSU banks are currently in the grip of a severe buying frenzy. Almost every PSU Banking stocks these days has a very high beta. Bank of India also falls in the category. The stock is currently traded at Rs 272.

IFCI

Government owned financial institution, IFCI is a low price, high volume play. The stock offers enough volatility to keep investor interest alive. The stock is currently trading at Rs 29.55 on the National Stock Exchange.

Adani Power

Adani Power is a part of the Gujarat based Adani group. One reason why this stock is in the limelight is largely on account of the fact that reports suggest that Gautam Adani is suppose to be close to Narendra Modi. The belief that Adani Power would rally if Modi becomes the PM has fueled buying interest in the stock.

Adani Enterprises

Shares in Adani Enterprises hit a 52-week high of Rs 517.50 on May 14. The reason for the frenzy is the same as that mentioned above. The stock is a good bet for a make or break rally.

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