Investors searching for an oasis amid volatility in stocks have good options to look at. Shares of select newly-listed companies have been attracting investor interest and rallying despite the ongoing selloff in the market. They include an asset management company, some chemical players, a housing finance firm and an e-commerce firm. These shares have rallied between 50 per cent and 150 per cent since their listing on the bourses. Domestic equities have been witnessing strong volatility ever since the July 5 Union Budget amid large-scale desertion by foreign institutional investors (FII) and escalating trade tensions between the US and China. But these stocks have shrugged off these adversities to rise constantly and reward investors in the process. HDFC Asset Management | Listing: August 6, 2018 | Return over issue price: 143 per cent Shares of the company on September 12 scaled its new high of Rs 2,697.50 at the time when the benchmark BSE Sensex is down 8 per cent from its all-time high of 40,312, scaled on June 4 this year. “A strong parentage and robust track record is the driving force for HDFC AMC with around 15-20 per cent growth in the past 4 years amid consistent rise… Read full this story
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