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Laggards of 2023 scripting a rebound in 2024; Can the trend continue?

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

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Rex Cano Mumbai

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Even as the Nifty 500 index had ended the calendar year 2023 with a substantial gain of 20.6 per cent, as many as 172 index constituents underperformed the underlying index, with 66 finishing the year on a negative note. A total of 15 stocks ended with losses in the range of 20 -73 per cent.

A refreshed look at the data, on the basis of YTD (Year-Till-Date) performance reveals that few of these laggards have seen a change in fortune and are in the process of scripting a rebound for the year 2024. 

For instance, stocks like Adani Green, Epigral,

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