Select stocks, with strong earnings, stay resilient in uncertain times, too

In the NSE 500 Index, there are 18 stocks that have outperformed the benchmark Nifty index and Nifty 500 Index over various periods in the past three years. Some of them are JSW Energy, Adani Transmission, Hitachi Energy India, Linde India, Schaeffler India, Capri Global Capital, Fine Organic Industries, Oberoi Realty, Siemens among others.

These are stocks that have stayed resilient amid the recent sell-off triggered by heightened uncertainty over the likelihood of faster interest rate increases by the US Federal Reserve and geo-political tensions in Europe.

Analysts said the strength in many of these stocks relative to the broader market is usually a sign that investors remain confident about their prospects.

“These companies share one common trait, i.e., strong and resilient earnings, which helps them to perform consistently,” said Ajit Mishra, VP- research, Religare Broking. “Moreover, a rise in investors’ interest in sectors like realty, power and capital goods further added to buoyancy, given that these companies enjoy strong positioning in their respective industries.”

Stocks such as JSW Energy, Hitachi Energy, Linde India, Timken India, Oberoi Realty, and Schaeffler India have given positive returns during five-day or one month or three months or three-year periods.