Did same analysis for F&B counters as well and seen the same trend as non-commercial banking stocks. More shares were beaten down heavily than the market but they have outperformed the rate of market recovery.
|04-Jan-16||Change||09-Mar-16||Change||12-Apr-16||Margin to reach 4th Jan level|
look at the rebound of BFL, TAFL, renuka agri, HVA and Raigam Salterns. Also the three giants, nestle, CTC and CCS has achieved a positive growth for the year. Its amazing how investors are confident on these counters.
Now what matters to us is to identify future potential. I think Cargills, COCO, BFL, TAFL, HVA and RAL will move up further.
need to study separately on why LMF has unmoved yet, in fact the stock has further declined.