Over 40 companies showed signs of turnaround in December quarter; should you bet on them?
Updated : February 19, 2019 02:33 PM IST
Stocks that showed signs of a turnaround in the December quarter include State Bank of India, Union Bank of India, Future Consumer, Syndicate Bank, Dish TV, OBC, Birla Corp, Inox Wind and AstraZeneca Pharma, AceEquity data showed.
Most of the stocks that are showing signs of a turnaround were down up to 60 percent in the last year, but before investors start re-rating the stocks, investors should watch out for consistency.
Investors can keep the stocks on their watch list and look for any positive developments in the company. A repeat performance (profit in the upcoming quarters) can be taken as a first sign that most of the negatives are priced in.
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