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These 70 Stocks Defied Market Sentiments Making Gains During Current Meltdown


The Budget 2019 announced by Nirmala Sitharaman brought forth some unwelcomed moves such as the FPI levied surcharge, announcement of tax on share buybacks and the ongoing US-China spat have played a spoilsport and have led to the declines in benchmark indices since then. While Nifty has cracked a sharp 8% from its peak, the Sensex has lost as much as 9%.


These 70 Stocks Defy Current Slowdown; Made 40% Gains Since Budget 2019

Here is the list with their respective gains made:

CompanyPrice as on Sep 3 (in Rs)Change (%)
Hathway Cable & Datacom32.2040.9
Sun Pharma Advanced Research Company157.7032.9
HDFC Asset Management Company2649.7531.7
Reliance Nippon Life Asset Management282.3527.5
Zydus Wellness1659.8521.3
Godfrey Phillips India1003.0020.5
Asian Paints1576.5015.9
Berger Paints India362.6513.2
Can Fin Homes404.3012.9
Apollo Hospitals Enterprise1494.0012.7
Sun Pharmaceutical Industries439.4512.1
Torrent Pharmaceuticals1714.4511.1
Eveready Industries (India)77.9011.0
Dr. Lal Pathlabs1186.1010.3
Gujarat State Petronet214.1510.3
NIIT Technologies1473.6510.2
Pidilite Industries1347.809.8
Dabur India442.459.8
HDFC Life Insurance Co536.559.7
Indraprastha Gas328.658.7
Colgate-Palmolive (India)1248.758.4
Ajanta Pharma1018.207.9
Swan Energy112.757.5
ICICI Prudential Life Insurance Company423.457.5
CreditAccess Grameen554.307.3
SBI Life Insurance Company811.807.2
Nestle India12684.306.8
Alkem Laboratories1839.856.6
HCL Technologies1108.556.5
Sanofi India6089.256.5
ICICI Lombard General Insurance Co1190.956.0
Abbott India9428.805.8
Bata India1539.105.7
TV Today Network297.005.6
Gujarat Gas172.255.6
Avenue Supermarts1506.505.1
Tamil Nadu Newsprint & Papers187.004.8
Phoenix Mills683.004.7
Petronet LNG264.104.6
Glaxosmithkline Pharmaceuticals1239.604.5
Quess Corp468.654.0
Hexaware Technologies387.153.8
JB Chemicals & Pharmaceuticals378.153.6
Kansai Nerolac Paints456.653.1
Galaxy Surfactants1298.052.8
Hindustan Unilever1842.702.8
Fine Organic Industries1423.552.4
Navin Fluorine International722.252.3
Adani Transmission234.602.2
Glaxosmithkline Consumer Healthcare7968.402.1
Natco Pharma542.802.0
Multi Commodity Exchange Of India878.601.7
Zee Entertainment Enterprises361.001.3
Ipca Laboratories960.851.2
Divis Laboratories1639.601.2
Piramal Enterprises1969.001.1
Prestige Estate Projects290.200.9
JK Cement1000.450.6
Tata Global Beverages271.200.6
Max Financial Services417.250.5
Tech Mahindra704.300.5
Tata Consultancy Services2252.250.4
Minda Industries315.200.3
Mahanagar Gas829.600.2
Whirlpool Of India1602.400.1

Global factors such as the depreciation in rupee against the dollar have worked well from IT, pharma. Decline in oil prices have led the stocks from paints category to rally.
Pharma stocks have outperformed in their June quarterly numbers with better EBITDA numbers. Furthermore, despite the murmurs around consumption slowdown in the wake of economic downturn, large FMCG players including the likes of Nestle, Dabur and HUL have managed to deliver returns.

So, given the current correction in valuation of stocks, even beyond their value, should prompt investors to pick value stocks that have good fundamentals, management and other sound factors and may go in from stocks from the construction, hardware, IT sector stocks. Pharma stocks too have bottomed out in price that provide opportunity for buyers to book the stock at the current attractive valuations.

Read more about: stock share market
Story first published: Friday, September 6, 2019, 14:07 [IST]
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