Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.

These 4 stocks with strong financials can be good long-term bets

Under this environment of fear and uncertainty, it is worth evaluating the financial performance of the companies in the March quarter of 2020. However, the actual effect of the national lockdown will be visible in the June quarter.

By Sameer Bhardwaj, ET Bureau |Updated: June 29, 2020, 06.06AM IST
Since January 2020, the fear and uncertainties associated with coronavirus and its implications on the economic growth have spooked investors worldwide. The MSCI World market index (ex-USA) lost close to 12% year-to-date. The BSE Sensex lost over 39% from its all-time high between January 2020 and March 2020. However, after a slew of monetary and fiscal measures by the RBI
According to a research report by Motilal Oswal, the system level inventory is expected to normalise by November-December 2020, and therefore, 2021-22 should turn out to be a normal year. The brokerage house believes that the company will continue to outperform its peers and expects 2019-20 to 2021-22 revenue, EBITDA, and adjusted PAT CAGR of 7%, 8%, and 8% respectively.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service