A better way to handle volatility, have advantage of a strong parent: 4 large-cap stocks with an upside potential up to 39%
Just a couple of months back, an industrial house issued an IPO for one of its group companies. It was heavily oversubscribed. The listing was at a premium, and there was a mad rush to buy the stock. The reason: The group has a track record of corporate governance and wealth creation. Today, in a volatile, falling market, that stock has corrected sharply and is available much cheaper. All talk of big industry and promoters with a track record seems to have vanished just because the Nifty and Sensex are falling. So treat this overall market correction as an opportunity to own a good business with great management. We take a look at four stocks where business is good, promoters have a track record, and the only thing which appears bad is market conditions.