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Viewing report
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Alpha India EE – Early Economic Best and Worst
Orpheus Capitals, July 2011, Pages: 7
Early Economic best and worst
The Early Economic sector remains on average a best performer of the Indian market. 74% of the Early Economic stocks we study fell in the higher half of the rankings (above 50%), while only 26% is ranked below 50%. The chart below illustrates the best and worst performers in both daily and weekly rankings. The best performers are the ones which are ranked above 80%, while the worst performers are ranked below 20% (in the case of both rankings). This way we remained with a list of 10 best stocks: Yes Bank, Tata Motors, LIC Housing Finance, Bajaj Auto, Shriram Transport Finance, Adani Enterprises, TCS, Bank of Baroda, Canara Bank, ICICI Bank and 5 worst stocks: DLF, Bharti Airtel, Reliance Power, Indiabulls and Reliance Communications. NIFTY seems to be in a subminor correction down which should not push lower than 5,600-5,500 supports. Above respective supports the minor view remains positive.
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