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50% return from 308 stocks: Should you buy them?
308 stocks have given 50% return in the last one-month, but have given a return of less than 10% in the last one year, a CNBC-TV18 analyst said. These stocks are running like crazy, up over 50% over the last one month but have not even produced about 10% return over the last one-year
308 stocks have given 50% return in the last one-month, but have given a return of less than 10% in the last one year.
These stocks are running like crazy, up over 50% over the last one month but have not even produced about 10% return over the last one-year. So, what has changed in the last one month that these stocks are running up?
There have been stories associated with each of these stocks, which are running up. But will investors believe in such stories is something which needs to be seen.
For instance, some stocks like Ansal Properties was down about 51% over the last one year, but is up about 50% over the last one month. There is the UP township story which is playing up but how much of that can be believed is something investors have to take notice of.
Gillette India was down about 3% over the last one year, but has given a return of over 53% in the last one month. There are stocks like Spicejet which was up about 9% in the last one year but is up about 60% over the last one month on hopes that they are going to breakeven this quarter.
Lok Housing , which was down about 30% in the last one year, is up about 50% on placement buzz. Inox Leisure, abuzz on takeover reports, down 15% over the last one year, is up about 54%.
There are these whole list of stocks, which play out. Fundamentally, what investors have to gauge at this point in time is whether they believe in that particular story which is panning out or this might be the right time to exit or book profits.