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HUL, Asian Paints: 5 stocks withstood recent sell-off; Will they rise more?

Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.

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5 stocks withstood sell-off

Avdhut Bagkar Mumbai
Bears pounced on the opportunity to take control of the proceedings, after the US Federal Reserve announced its third 75 basis points rate hike last week. Markets across the globe tanked, with the US indices registering new 52-week lows, as the US dollar strengthened. 

Earlier back home, the key benchmark indices had rallied 19 per cent from their respective 52-week lows, registered in June 2022. With the recent sell-off, both the BSE Sensex and the NSE Nifty 50 have shed 6 per cent each from their recent peaks, and dropped below the August trough (low).

Despite the overall weakness,

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First Published: Sep 27 2022 | 12:38 PM IST

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