Many counters weather the storm well, logging up to 21% in returns
stock market in the past six days has resulted in various shares dropping 10-30%. But, there are over a dozen stocks from NSE 500 universe that have remained resilient in this period.
These include BSE, Angel One, Creditaccess Grameen, Prestige Estate, Medplus Health Services, Rainbow Children's Medicare, Sonata Software, among others.
Analysts said many stocks that have withstood the recent correction have undergone re-rating of late. For instance, BSE's estimated earnings per share (EPS) experienced an upward revision of nearly 50% over the past three months.
During this period, the stock witnessed a 22% surge in value. Likewise, Angel One, Creditaccess Grameen, and Prestige Estates have also witnessed EPS upgrades ranging from 4% to 10% within the same three-month timeframe.
«Long-term investors do not need to do much and the only thing they can do is to add on in dip and stay with quality,» said Mukesh Kochar, head of wealth at AUM Capital.
