In a market experiencing declines, some stocks have demonstrate remarkable resilience, continuing to perform well despite broader downturns. These “anchor stocks” that act as stable pillars in a volatile market, provide investors with a sense of security and consistent returns.
Typically, anchor stocks are from companies with strong fundamentals, reliable cash flows, and dominant market positions. They are less affected by short-term market fluctuations and are often sought after during periods of uncertainty. These stocks can offer long-term growth potential while minimizing risk, making them valuable components of a diversified investment portfolio in challenging market conditions. Investors need to assess risks and returns with their own research before investing.
Listed below are some of the stocks that have been resilient in the falling market.
SRF Limited
SRF Limited founded in 1970, is an Indian multi-business chemicals conglomerate manufacturing industrial and specialty intermediates. Its portfolio includes fluorochemicals, packaging films, specialty chemicals, and technical textiles. The company has a global presence, exporting to over 90 countries.
With a market capitalization of Rs. 1,19,393.86 Crores, the shares of SRF Limited closed at Rs. 373.65 per equity share, up 1.27 percent from its previous day’s close price.
The stock has rose by 13.31 percent compared to the Nifty Index falling by 7.23 percent in the past 6 month period.
Cholamandalam Investment and Finance Company Limited
This Murugappa Group was founded in 1978 and they provide financial services with 1,387 branches across India. They offer vehicle finance, home loans, SME loans, and other financial services.
With a market capitalization of Rs. 2,10,646.72 Crores, the shares of Cholamandalam Investment and Finance Company Limited closed at Rs. 546.15 per equity share, down 2.95 percent from its previous day’s close price.
The stock has rose by 0.73 percent compared to the Nifty Index falling by 7.23 percent in the past 6 month period.
Action Construction Equipment Limited
The company was established in 1995 and is a construction equipment manufacturer. They are known for mobile cranes and tower cranes. ACE also offers other construction, material handling, and agricultural equipment.
With a market capitalization of Rs. 74,726.38 Crores, the shares of Action Construction Equipment Limited closed at Rs. 1,482.95 per equity share, down 0.63 percent from its previous day’s close price.
The stock has declined by 6.02 percent compared to the Nifty Index falling by 7.23 percent in the past 6 month period.
ITD Cementation India Limited
They are an engineering and construction company that specializes in heavy civil projects, including infrastructure, marine structures, and mass rapid transit systems. It is headquartered in Mumbai, and operates across India, while offering EPC services. The company is under Adani Group’s Renew Exim DMCC and they received CCI approval to buy Promoter and an additional stake.
With a market capitalization of Rs. 17,308.74 Crores, the shares of ITD Cementation India Limited closed at Rs. 723.90 per equity share, down 2.08 percent from its previous day’s close price.
The stock has declined by 2.62 percent compared to the Nifty Index falling by 7.23 percent in the past 6 month period.
Aarti Pharmalabs Limited
The company was established in 1984 and Indian manufacturer of Active Pharmaceutical Ingredients (APIs) and specialty chemicals. The company focuses on R&D and exports globally, while ensuring quality and compliance with international standards.
With a market capitalization of Rs. 39,469.81 Crores, the shares of Aarti Pharmalabs Limited closed at Rs. 1,919.60 per equity share, down 0.68 percent from its previous day’s close price.
The stock has rose by 24 percent compared to the Nifty Index falling by 7.23 percent in the past 6 month period.
Written by Santhosh S
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