Appetite For Risk? Try These Stocks Ahead Of Q4 Results?

If you have a penchant for risk, there is nothing better than trying the high beta stocks, ahead of quarterly results.

The most price sensitive stocks today are those from the banking sector. Even the slightest hint of improvement in asset quality of banks, can see these stocks soaring, because they have been battered down so badly.

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.

GoodReturns.in

Story first published: Tuesday, April 19, 2016, 13:40 [IST]