70 stocks in BSE500 decline over 50% since January: 7 rules to buy beaten-down stocks

One way to look at the fall is – stocks are available at a 50-80% discount from the price which they were trading at just 3 months back. The other way could be to analyse the reason behind the fall and then make an informed decision to either buy or sell.

The 71 companies in the S&P BSE 500 index that fell over 50 percent include Canara Bank, Dish TV, Delta Corp, Future Retail, Gayatri Projects, RBL Bank, Repco HomeFinance, and Prestige Estate.

                                                                 

“This (COVID-19 & impact on sectors) will impact the long-term growth prospects of companies in the various sectors for better or worse. Although valuations have taken a beating, it is important to check these valuations in the context of the entire ecosystem,” Dinesh Rohira, Founder and CEO

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“Buying into the future should be selective and done prudently judging the impact on consumption patterns, it is even more important during such volatile times. The near term will see a drop in growth due to the lockdown and social distancing, hence opportunities to buy can be plenty as volatility will continue. The idea is to remain prepared and invest in a staggered manner,” he said.