7 stocks that could break the bear hug to lead a bull run

It is well-known that spotting winners in a bear market is far too challenging than in a bull market. But, historically, stocks that have outperformed in the early phase of the bottoming of Nifty have emerged as leaders in subsequent three years. Analysts at brokerage ICICIdirect.com have identified a set of seven stocks that have the potential to be outperformers. These include Britannia Industries, Sanofi India, L&T Infotech, Syngene International, Dr Lal’s PathLabs, Navin Fluorine International and India Cements.

These stocks can return 19 per cent to 24 per cent in one year, according to ICICIdirect. The brokerage has selected these stocks from a universe of 918 listed on the NSE on the basis of broad technical concepts such as price structure analysis, relative strength rankings and Dow Theory bullish signals. ICICIdirect said in addition to the technical
framework, these companies have reasonable business model with decent management pedigree.