Up to 32% downside in one year: Stay away from these 5 stocks to avoid losses
equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.
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Domestic markets have seen a broadbased rally in 2024-25, with 77.2% of over 2,801 listed stocks (or 2,163 stocks) with market caps of more than Rs.100 crore, delivering positive returns. Of the 2,163 stocks, 1,457 (or 52% of total) generated more than 15% returns during the period. The data on indices and stocks is based on the closing values between 1 April and 26 July this year.
However, the substantial jump in prices, coupled with stretched market valuations, is making experts anxious about the sustainability of the rally. A recent Emkay report considers the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in SMID (small- and midcap) stocks. The report sees no positive catalysts and expects tepid June quarter earnings, delay in interest rate cuts, frothy valuations, and the recent stock price rally as reasons for correction.
The June quarter earnings are expected to be hit by the base effect. A Motilal Oswal preview report for
