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5 high beta stocks to consider before election results
First the caveat: the five stocks that we are writing about are high beta stocks, which can either make profits or erode your capital significantly. These stocks are high beta, which means if the Sensex falls one per cent, these could easily fall 2,3,4 or even 10 per cent. On the other hand, if the Sensex gains these stocks could move up faster than the Sensex
A real momentum play
HDIL, is a Mumbai based real estate company, whose stock has a very high beta. The stock tends to fall faster than the Sensex and rises also faster than the Sensex. You can make or lose money in the stock. Great bet for those with an appetite for risk.
Generates good investor interest
Almost every PSU banking stocks these days has a very high beta. Canara Bank also falls in the category along with other PSU banking stocks like Union Bank and Oriental Bank of Commerce.
Low price, heavy volumes
IFCI is a government owned financial institution. The stock has a high beta and sees huge volumes on each trading day. It can be a make or a break stock ahead of the elections.
Infrastructure stocks are back in the reckoning
NCC is an infrastructure company and stocks of infrastructure companies have been on fire on hopes of a Narendra Modi led government at the centre pushing infra growth. The NCC stock has already rallied significantly.
Opposition parties allege company links to Narendra Modi
Off late, Adani Enterprises has been in the limelight on hopes that Narendra Modi would be the next Prime Minister of the country. There are rumors that Narendra Modi and Adani Chairman, Gautam Adani are close friends.
