Jefferies has listed its top bottom-fishing stock picks as a spike in market volatility prompts investors to change strategies.
The Nifty 50 has dropped nearly 20% from its high in October last year and is now around the 10-year average, with several stocks down by much more, the financial services provider said in a June 20 report.
“We scan our coverage for stocks down over 25% from 52-week highs and in which analysts have conviction,” it said. These stocks also offer median 29% earnings CAGR in FY22-24 and 15% median FY24 return on equity.
The bottom-fishing stock picks are:
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