Index stocks hit in October mayhem offer good long-term potential
November 1st, 2008 · No Comments
Frontline stocks that have been beaten down badly in the October mayhem may offer good long-term potential for investors willing to stick their necks out and buy them at attractive valuations, analysts and equity experts say.
Many of these stocks such as Bharti Airtel, BHEL, Hindustan Unilever, are fundamentally strong companies with sound management in fast-growing areas of the company, they add.
“We like stocks like RIL, Bharti Airtel, HDFC Bank, BHEL and GAIL. Though the downside risk is linked to the market, these companies have solid business fundamentals. They are leaders in their respective businesses and have the ability to deliver,” Rajat Rajgarhia, head, institutional research, Motilal Oswal.
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