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The 3 who took on the bear and had a tale to tell
In a year where the bellwether indices were unmercifully battered, were there any stocks at all that withstood the bear onslaught?
BL Research Bureau
In a year where the bellwether indices were unmercifully battered, were there any stocks at all that withstood the bear onslaught?
You'd be surprised to know that a handful not only bore the onslaught, but also delivered stellar returns.
Hindustan Unilever , Hero Honda Motors , Glaxo Smithkline Pharma and Godrej Consumer Products were the stocks to hold in the year 2008, notching up gains ranging from 7-18 per cent for the year.
Others such as Colgate Palmolive , Procter & Gamble Hygiene and Zandu Pharma too managed to contain declines to less than 4 per cent for the year.
However, these were rare cases indeed, as only 1 in every 100 NSE-listed stocks managed positive returns this year.
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