Trying to identify stocks where price largely follows company or sector performance rather than the index and medium term market sentiment.
These stocks are evergreen and have not given major retracements, that too for a short term.
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Gravita India
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KPIT Tech
Others: KEI, PolyCab, HBL Power (At best consolidating when sentiment is negative)
- What are the characteristics of these companies?
- Do they belong to a particular sector which is in long term tailwinds?
- Do they belong to an evergreen sector which is very crucial?
- Are there any other companies in other sectors which you can think of? Criterion is that they did not correct much in a short term bear market, or a war like situation, or interest rate fears etc etc. , and quickly recovered when things cooled down?