7 Stocks To Break Bear Hug To A Bull Run

Want to know which stocks can offer good returns in such prudent times? Well, as it must be very well known that spotting a winner in a bear trend is way challenging than finding one in a bullish trend.

So, we will use previous data to filter out the stocks that had performed well in hard times could do the same in the present pandemic.

The stocks that had outperformed in the Nifty early bottom phase historically are the ones that turned up as a leader in the last 3 subsequent years. These stock will not just break the bears but building a prospective of a great return too.

Which Factors Are Considered While Selecting Stocks?

ICICIdirect.com brokerage analysts have come up with a list of seven stocks that have the potential to be outperformers. These stocks have been selected out of the universe of 918 NSE-listed stocks on the basis of broad technical concepts and fundamental concepts.

Technical concepts such as relative strength rankings, price structure analysis, and DOW theory bullish signals whereas fundamental concepts based on these companies having reasonable business models with decent management pedigree.

List of The 7 Stocks To Break Bear Hug

The list of 7 stocks having the highest probability of outperforming others even in the bear market and the potential to offer solid returns are given below:

Stock Buying Range (in Rs.) Target Price (in Rs.) Upside (in %) Market Cap (in Cr.)
Britannia Industries 3,050-3,150 3,690 19 75,237
L&T 1,680-1,780 2,050 19 14,880
Sanofi India 7,200-7,500 8,880 21 17,370
Syngene International 340-375 435 22 14,014
Dr. Lal’s PathLabs 1,500-1,585 1,845 20 12,997
India Cements 115-126 150 24 4643
Navin Fluorine Intl. 1,430-1,510 1,780 21 7,444

According to ICICIdirect.com, “These stocks have the potential of return of 19% to 24% in a year”.

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