‘Defensive stocks’ are the ones that provide constant returns regardless of the fluctuations in the stock market. The shares tend to remain stable during various business cycles due to the constant requirement of the products of the company. Defensive stocks generally include stocks under the FMCG, pharmaceutical, healthcare, etc.
Listed below are four stocks in the defensive sector that one should add to their watchlist:
Sun Pharmaceuticals Industries Limited
With a market capitalization of Rs 3.64 lakh crores, the stocks of Sun Pharmaceuticals Industries Limited, engaged in the business of manufacturing and marketing a wide range of branded & generic formulations, APIs, etc, are currently trading at Rs 1,518.45, slipping approximately 1.50 percent compared to the previous closing levels of Rs 1,542 apiece.
During the recent financial quarters, the company reported an increase in its prime business indicators, viz, operating revenues as well as after-tax profits.
The former increased from Rs 12,192 crores during Q2FY24 to Rs 12,381 crores during Q3FY24, and the latter, keeping the timeframe the same, rose from Rs 2,385 crores to Rs 2,561 crores.
Avenue Supermarts Limited
With a market capitalization of Rs 2.42 lakh crores, the stocks of Avenue Supermarts Limited, a national supermarket chain focusing on value-retailing, are currently trading at Rs 3,714.80, gaining approximately 0.40 percent compared to the previous closing levels of Rs 3,701.25 apiece.
During the recent financial quarters, the company reported an increase in its prime business indicators, viz, operating revenues as well as after-tax profits.
The former increased from Rs 12,624 crores during Q2FY24 to Rs 13,572 crores during Q3FY24, and the latter, keeping the timeframe the same, rose from Rs 623 crores to Rs 690 crores.
Asian Paints Limited
With a market capitalization of Rs 2.82 lakh crores, the stocks of Asian Paints Limited, the largest home decor company in India, are currently trading at Rs 2,945, slipping approximately 1 percent compared to the previous closing levels of Rs 2970.95 apiece.
During the recent financial quarters, the company reported an increase in its prime business indicators, viz, operating revenues as well as after-tax profits.
The former increased from Rs 8,479 crores during Q2FY24 to Rs 9,103 crores during Q3FY24, and the latter, keeping the timeframe the same, rose from Rs 1,232 crores to Rs 1,475 crores.
Dabur India Limited
With a market capitalization of Rs 95,486.21 crores, the stocks of Dabur India Limited, one of the leading FMCG players dealing in consumer care and food products, are currently trading at Rs 539.15, a flat movement compared to the previous closing levels of Rs 538.85 apiece.
During the recent financial quarters, the company reported an increase in its prime business indicators, viz, operating revenues as well as after-tax profits.
The former increased from Rs 3,204 crores during Q2FY24 to Rs 3,255 crores during Q3FY24, and the latter, keeping the timeframe the same, stayed stable at levels of Rs 507 crores.
Written by Amit Madnani
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