Prefer high beta stocks: Dutta

Written By Unknown on Jumat, 30 November 2012 | 16.02

Devangshu Dutta, consulting editor, Outlook is of the view that one can prefer high beta stocks which seem to be participating very heavily in the rally at the moment.

Dutta told CNBC-TV18, "In the last couple of days you had a lot of stocks breaking out to the individual 52week highs. HCL Technologies for example has had a successive series of upsides. Then IDFC has broken out, HDFC has broken out. You have a sharp recovery in something like Larsen and Toubro (L&T), today in Bharat Heavy Electricals (BHEL). So this will keep changing but I would say that go for the high beta stocks which seem to be participating very heavily in the rally at the moment. That means financials, realty, essentially stuff that has been generally tended to be more sensitive then the Nifty itself."



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