Large-cap stocks to buy: Opportunity in volatility, advantage of a strong parent: 4 large-cap stocks with an upside potential up to 46%
Synopsis
When a broad-based correction is happening in the markets, all stocks witness a decline. The question is: Have the macros and micros of all the stocks and sectors turned negative enough to warrant such a correction? The answer clearly is, no. Just three months back, this industrial house issued an IPO of a group company. The issue was heavily oversubscribed, the listing was at a premium, and there was a mad rush to buy the stock post-listing. Today, that stock is not in the limelight. Does this correction provide an opportunity to get into that stock with a medium- to long-term perspective? The answer tilts toward yes, and there is enough evidence to show that staying with a select few pays in the long term.
Just a couple of months back, an industrial house issued an IPO for one of its group companies. It was heavily oversubscribed. The listing, as mentioned above, 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
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