The 10 Stocks That Have Beaten The Gloom

While Nifty 50 is trading 1.5 percent higher in a volatile year, the broader market has witnessed a rout as a slowing economy, and a global trade war kept investors on the edge.The Nifty Midcap 100 has fallen 11 percent so far this year, while Nifty Smallcap 100 has tumbled 14 percent. About 70 percent of the Nifty 500 constituents are trading lower, with 27 stocks wiping off half their value.Amid this gloom, here are the 10 stocks that have defied the market sentiment and are trading at or near lifetime highs.Selection CriteriaAll stocks listed in India with a market capitalisation of at least Rs 500 crore.Listed for at least one year on the exchanges.Trading at or near lifetime highs..InterGlobe Aviation.Lifetime high: Rs 1,716Shares of the operator of India’s largest carrier have rallied nearly 86 percent in the last one year, mainly on the back of strong earnings growth, market share gains from Jet Airways’ exit and lower crude oil prices. The market at this stage seems to be ignoring the promoter concerns and betting on its industry-leading fundamentals in the high growth aviation sector..PI Industries.Lifetime high: Rs 1,299PI industries Ltd. plans to launch seven new products in FY20. Of these, four new molecules are expected to be commercialised in CSM (custom synthesis) segment. The crop protection company has tie-ups with multinational chemical firms like Bayer, BASF & Kumiai chemical.The company remains confident of achieving over 20 percent revenue growth in the ongoing fiscal despite the slowdown in the domestic market. Analysts are betting on strong exports to aid revenue growth..HDFC AMC.Lifetime high: Rs 2,699India’s largest asset manager has gained over 75 percent this year and is up 141 percent since its IPO in July last year. Steady flows into systematic investment plans, pass-through impact of reduced total expense ratio and a strong financial performance over the last three quarters have been the key reasons for the rally in the company’s share price..Bata India.Lifetime high: Rs 1,579Nine out of 14 Bloomberg analysts tracking the stock having a ‘Buy’ recommendation on the stock. They expect the company to report steady and higher-than-industry growth for the ongoing financial year, driven by its aggressive store-expansion strategy and shift to premium products. The double-digit first-quarter growth in e-commerce and non-retail business aided the top line. Cost measures and scale benefits have helped the margin, the company said..Nestle.Lifetime high: Rs 12,948Unlike its peers in the FMCG space, the maker of Maggi noodles and Nescafe instant coffee managed to buck the consumption slowdown. The market share of the consumer goods company was aided by its strong distribution network, aggressive advertising spends to support new launches and expansion in portfolio. The stock performance got a boost after its inclusion in the Nifty. Focus on innovation, product portfolio and leadership in products make analysts bullish on the stock..Pidilite Industries.Lifetime high: Rs 1,400Investors in the fevicol maker were rewarded after shares of the company rose more than 24 percent over the last year. The main reason for this is the sustained volume growth in its consumer segment despite a challenging domestic environment. Additionally, a sharp fall in prices of key raw materials like vinyl acetate monomers drove margins to a six-quarter high in the April-June period..Berger Paints.Lifetime high: Rs 373Shares of the Kolkata-based paintmaker have gained over 22 percent in the period, aided by a consistent double-digit volume growth for the last nine quarters, positive earnings outlook due to higher share of decorative paints—around 80 percent—to its overall revenue and margin expansion from benign crude oil prices. Expansion of its distribution network, backed by the company’s target to increase the number of dealerships is a key trigger for the company..Abbott India.Lifetime high: Rs 9,999Abbott India has outperformed not only its multinational peers but also Indian pharma companies this year in terms of share price performance. Strong financial performance, gaining market share in the domestic markets and new launches have kept investors bullish on the stock. A slew of new launches of 12-14 products this year with plans to enter new therapy areas like menopause and liver diseases is aiding the stock..HUL.Lifetime high: Rs 1,889Shares of India’s largest consumer goods maker have rallied over 15 percent in the last one year. Analysts attribute it to the company’s focus to shore up volumes by correcting its price-value equation across products, positive revenue synergy from merger with GSK Consumer Healthcare and benefits from lower input costs. Analysts are betting on a revival in rural consumer sentiment on the back of a normal monsoon..Infosys.Lifetime high: Rs 847Shares of India’s second-largest information technology company have gained close to 15 percent in the last one year. Most analysts maintain a positive stance on the company due to strong revenue visibility, driven by healthy deal wins and robust order book and an uptick in margins owing to stronger dollar against the rupee and momentum in digital services business. In a rather weak first quarter for the IT sector, Infosys was the only large cap in the space which raised guidance..Wealthy Investors Queue Up For This India Portfolio Manager Amid Volatility

The 10 Stocks That Have Beaten The Gloom

Here are the 10 stocks that have defied the market sentiment and are trading at lifetime highs.

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