BENTLEY DELIVERED โ๏ธ
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BY ๐๐จ๐ก๐ก๐ฌ ๐๐๐๐ข๐จ๐ก๐ง ๐ฆ๐ง๐ข๐ฅ๐ ๐ฎ๐ณ
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
However, analysts are positive on the stock now. โWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionโs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
๐๐จ๐ก๐ก๐ฌ ๐๐๐๐ข๐จ๐ก๐ง ๐ฆ๐ง๐ข๐ฅ๐ ๐ฎ๐ณ from vn