These 7 laggard stocks of CY22 are on the rise in CY23, do you own any?
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over 1 year ago
Investing in stocks involves certain amounts of risk, and selecting the right stock can be a challenging task. Even when the market trend is generally weak, some stocks may defy the trend and increase in value, while others may experience the opposite outcome. For instance, in CY22, despite the benchmark index increasing by 4.5%, several stocks underwent a significant decline. However, in CY23, these stocks rebounded strongly.ET Markets has examined stocks that experienced a decline of over 40% in the previous calendar year (CY22), but have now achieved more than double-digit returns in CY23. From the Nifty500 package, we have identified 7 stocks that meet these criteria (Data Source: ACE Equity). Trendlyne SWOT analysis suggests that these stocks have more strengths than weaknesses.
Economic Times