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 | |
ASPI | 6,867.6 | -14.6% | 5,862.4 | 8.4% | 6,353.2 | 8.1% |
BFL | 200.0 | -35.0% | 130.1 | 30.1% | 169.3 | 18.1% |
Cargills | 189.0 | -20.6% | 150.0 | -0.7% | 149.0 | 26.8% |
Cold Stores | 426.0 | 0.7% | 429.0 | 2.6% | 440.0 | -3.2% |
CTC | 992.5 | 0.8% | 1000.0 | 0.5% | 1005.2 | -1.3% |
Distilleries | 245.9 | -15.0% | 209.0 | 2.9% | 215.0 | 14.4% |
KFP | 206.6 | -22.6% | 160.0 | 12.5% | 180.0 | 14.8% |
LMF | 135.0 | -7.4% | 125.0 | -12.8% | 109.0 | 23.9% |
Nestle | 2,049.5 | -2.4% | 2000.2 | 3.0% | 2059.8 | -0.5% |
Renuka Agri | 4.1 | -29.3% | 2.9 | 24.1% | 3.6 | 13.9% |
COCO | 28.0 | -31.8% | 19.1 | 19.9% | 22.9 | 22.3% |
TAFL | 121.9 | -34.4% | 80.0 | 33.6% | 106.9 | 14.0% |
HVA | 7.5 | -37.3% | 4.7 | 40.4% | 6.6 | 13.6% |
Raigam Salterns | 2.7 | -25.9% | 2.0 | 20.0% | 2.4 | 12.5% |
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.