Structural plays, beyond cyclical worries Whilst ‘Good & Clean’ remains our preferred tactical way of playing Indian equities, we cannot lose sight of the big picture in a country like India where the robustness of the economy ensures that well-managed companies focused on cash generation have a high chance of doing well. Structural plays, like the ones we aim to identify here, are financially strong firms (with credible management teams) that remain consistent performers on a cross-cyclical basis. Both in live portfolios and back-tests, the approach delivers alpha in most years
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Ambit Research Report On 5 Best Turnaround Stocks To Buy Now
(a) 85% of great Indian companies self-destruct; and (b) the average probability of a laggard company turning around over a five-year period is 2x the average probability of a great company staying great over this time frame. Successful investing in ‘turnarounds’ is therefore, to put it mildly, important for investment success.
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