If you have a penchant for risk, there is nothing better than trying the high beta stocks, ahead of quarterly results.
Just check the below high beta stocks, which have dropped dramatically from their 52-week highs. Most are PSU banking stocks.
|52-Week high||Current price|
|PNB||Rs 180||Rs 82.50|
|Bank of India||Rs 92.65||Rs 230|
|Canara Bank||Rs 190||Rs 406|
|HDIL||Rs 82||Rs 130|
|Syndicate Bank||Rs 67.20||Rs 180|
Another bad quarter likely for banks
Government banks are likely to report another set of bad quarter. However, if there is even a slight hint of a possibility that things could improve in the next quarter, we may see stock price gaining ground.
A few banks with a good set of results can really boost sentiments. If you are looking to take risks also try the real estate sector. From them, HDIL is a favorite and a high beta stock. Again, if there are tell tale signs of improvement in the real estate sector, we may see a fresh wave of buying.
Remember, we are not recommending investors to but these stocks, all we are saying is that they are high risk stocks – which means, you can make money and also lose money.