Shares of Vinati Organics surged 34 per cent so far this year after rallying 66 per cent in each of 2017 and 2018.
Indian stocks have struggled to stay afloat in the past few months but there are some that have managed to buck the declining trend – over the medium term. Only 26 of the BSE500 stocks have outperformed the benchmark in each of the past three years.
Stocks such as P&G, Future Lifestyle, Vinati Organics, NIIT Technologies, Bata India, Bajaj Finance, Bajaj Finserv, and Honeywell Automation have given more returns than the Sensex in each of the past two calendar years — 2017 and 2018 — and so far in 2019.
Shares of Vinati Organics surged 34 per cent so far this year after rallying 66 per cent in each of 2017 and 2018. Vinati, the world’s largest manufacturer of Isobutylbenzene (IBB) and manufacturer of 2–Acrylamido 2–Methylpropane Sulfonic Acid (ATBS), should continue to outperform on the back of strong traction in ATBS owing to robust demand and shortage of global capacity. Similarly, Bata India has given returns of 34 per cent, 50 per cent and 68 per cent in the past three years, respectively, as the premiumisation drive boosted margins for the 13th successive quarter. Hence, investors seeking growth stocks to beat the current bear market can look into these counters for decent returns over the medium term.
