If you are generally bored with your stocks that are barely moving, it is time to try high beta stocks.
These are stocks that will definitely create excitement, given that their beta is more than 1. When the beta is more than one it implies that, the stock will fall even more sharply than the markets when the markets fall and rise even faster, when the markets rise.
Here are seven high beta stocks that are selected from the Nifty High Beta 50 index.
This is probably the most volatile stock from among the high beta index. It is also a traders delight, given the huge movement in the share price. It is a part of the Aditya Birla Group and has for the last several quarters been hit by the downturn in commodity prices.
Ever looking to take risky bets in stocks, you should try this one.
Jindal Steel and Power
Among the riskiest bets in the markets today are steel stocks. Jindal Steel and Power is the best stock for traders who love excitement. A beta value that is higher than 1.
The stock currently trades at Rs 63.35.
Punjab National Bank like most other government owned banks is another stock that can create excitement.
You can be rest assured that this is a stock that can either churn good returns in a couple of months or can lose money in the same. The shares of PNB are traded at Rs79.
This stock also forms a part of the Nifty High Beta Stocks.
It is a telecom stock and part of the Reliance Anil Ambani Group. There are a huge volumes in the stock and it churns a fair bit of movement each day, which makes it a great stock as a make or break.
The shares of Reliance Communications is currently trading at Rs 47.
Bank of India
Like mentioned before, the largest category of stocks that are high beta or very volatile are PSU banks. They have got even more volatile after their corporate results.
Shares of Bank of India are currently trading at Rs 86.
Vedanta is another metal and mining company that has shown great movement in the last many years, making it a traders favorite. Whether you are looking to invest or trade, the stock causes a heavy churn daily and a great deal of excitement.