Retail investors are chasing most beaten down stocks
MUMBAI: Companies with high levels of debt are the latest beneficiaries of a retail investor-fuelled rally in Indian stocks that’s defying the worst economic outlook in four decades.
A custom Bloomberg index of the 30 most leveraged stocks out of India’s top 200 companies has gained 32% since the end of March, compared with a 28% advance in the benchmark S&P BSE Sensex.
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