Stocks that corrected more than 15 per cent in one month
DSIJ Intelligence / 08 Dec 2016
It has been exactly one month since demonetisation came into effect in India. Demonetisation triggered a correction in stock prices and certainly one of the better ways of participation in equity markets is to buy stocks when then are beaten down heavily.
It has been exactly one month since demonetisation came into effect in India. Demonetisation triggered a correction in stock prices and certainly one of the better ways of participation in equity markets is to buy stocks when then are beaten down heavily.
The strategy of buying such beaten stocks may prove profitable if the fundamentals of the company are intact.
Here is a list of stocks that fell by more than 15 per cent since the demonetisation was first announced on 8 November by Prime Minster Narendra Modi :-
DLF (- 22.10 per cent), Mahindra & Mahindra Financial Services (-20.92 per cent), Reliance Communication (-19.36 per cent), HDIL (-18.60 per cent), Tata Motors (-17.58 per cent), Ashok Leyland (-16.35 per cent), Reliance Capital (-16.25 per cent) and Shriram Transport Finance Corporation (-15.06 per cent).
These stocks may present a very good entry point for long term investors who may be convinced about the fundamentals of these companies.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.