When Buying ‘Sell’ Stocks Would Have Given You Better Returns
India’s five least preferred stocks have outperformed their most recommended peers, year-to-date (YTD).
Power equipment maker BHEL Ltd., which has the second highest ‘sell’ ratings from analysts tracked by Bloomberg, rose the most 40 percent year-to-date.
Energy and engineering company Thermax Ltd. gained over 33 percent despite 28 analysts placing a ‘sell’ rating on the stock.
These five stocks also outperformed HDFC Bank Ltd., which has the most ‘buy’ recommendations. Software exporter Infosys Ltd., the fifth most recommended stock, fell 8.7 percent YTD.
Only the stocks tracked by at least 30 analysts were selected for the comparison.