support@headlinenews360.com
Brusied Blue Chip Stocks: There are many Blue Chip Stocks in the stock market which have been beaten up a lot and due to this they have been badly injured. Such shares are trading at 30 to 80 percent below their high prices. Recent times have been very difficult for investors investing in these stocks. But Motilal Oswal has released its 29th annual Wealth Creation Study 2024, in which investors have been given the Gurumantra to create wealth from injured or injured blue chip stocks.
Learning how to build wealth from hurt blue chip stocks
Motilal Oswal Group Chairman Raamdeo Agrawal has released the 29th Annual Wealth Creation Study 2024. In this report, lessons have been given on how to create wealth through blue chip stocks which have been hurt due to selling in the stock market. Shares of big companies come under the category of blue chip stocks. Which are quality, reliable and have the ability to make profits in both good and bad times. Given the positive attributes of blue chip stocks, in normal times, blue chip stocks command higher prices. But sometimes blue chips also get hurt i.e. their share prices fall sharply. During such painful times, there is a golden opportunity to buy a large position in the stock. This is because there is no decline in the fundamentals of blue chip shares. The reason for injury to blue chip stocks is either related to the stock market or related to the company.
Advice to buy blue chips stocks hurt at lower levels
In the annual Wealth Creation Study 2024, Motilal Oswal has advised to buy such stocks near their lower levels after they get hurt to make profits from blue chip stocks. The study advised creating a watchlist of hurt blue chip stocks, understanding the reasons for their hurt, waiting for healing triggers to buy, and buying such stocks only when the company’s prospects are bright, and valuations are attractive and the price is attractive. /Book value should be less than 2x.
There are fewer options for the injured blue chip
According to the study, injured blue chip stocks are more visible during market decline. At present, the Indian market is at its peak in which there is very little alternative to the distressed blue chip stocks. Motilal Oswal has prepared a watch list of blue chip stocks for 2024 in the Wealth Creation Study, which are trading at 30 percent below their five-year high.
Adani Group’s shares were hurt the most
The first name in such injured blue chip watchlist is the share of Adani Total Gas, whose price during 2020-24 was at a high of Rs 3998 and on November 28, the stock was trading at Rs 803, down 80 percent. . The high of Adani Green shares was Rs 3048 in last 5 years, which is now trading at Rs 1088, down 64 per cent. The share of Adani Enterprises was at a high of Rs 4190 and has fallen by 42 percent to Rs 2437. The stock of Gujarat Gas is down 40 percent at Rs 472 after touching a high of Rs 787. After making a high of Rs 1165, the share of SBI Cards is down 39 percent at Rs 714.
Blue chip stocks fell from 80 to 30 percent.
Shares of Tata Elxsi are down 37 percent at Rs 6755 after seeing a high of Rs 19760, Avenue Supermarts are down 37 percent at Rs 3712 after seeing a high of Rs 5900, IRCTC is down 36 percent after touching Rs 1279. Rs 814, Berger Paints to touch the level of Rs 727 After seeing the level of Rs 489, the share of Asian Paints was down 32 percent at Rs 2459 after seeing the level of Rs 3590 and the share of Indian Oil (IOCL) was down 30 percent at Rs 138 after seeing the level of Rs 197. Already happened.
read this also
