Stocks in BSE500 lost more than half of their value; should you buy or avoid?
As FY19 is coming to an end, a glance at the stock returns of BSE500 companies showed that nearly 70 percent gave negative returns. Out of those, 21 companies eroded more than 50 percent of investor wealth. Most of these stocks have fallen due to valid reasons. As we look through the list, most of them seem avoidable although a few of them, very few represent good value and can actually be multi-baggers over the next couple of years.
If you are holding stocks mentioned in the list then a proper risk assessment is required as you step into FY20. Investors should first analyze detailed reports and financial background of their portfolio.
However, there are many stocks that are fundamentally strong and have given good returns in FY19. Indian markets gained momentum in FY19 as it hit a record high in August but then the momentum fizzled out as Nifty slipped around 10,000 while Sensex plunged towards 33,000 before bouncing back. Well, the good part is that as we step into FY20, benchmark indices have recovered most of their losses and are on their way to hit record highs in the next 12 months.source- www.moneycontrol.com
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