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The economy is making a comeback: 6 turnaround stocks with good upside potential

The economy is making a comeback: 6 turnaround stocks with good upside potential
The economy is making a comeback: 6 turnaround stocks with good upside potential
The faster recovery in impacted sectors has resulted in several of these turning around in the third quarter.

Synopsis

Several companies that were hit by lockdowns are reporting faster than expected recoveries. For example, infrastructure players are benefitting due to increased government spending. Here are the six stocks that are worth betting on.

While a few sectors like IT, pharmaceuticals and telecom, among others, thrived during the Covid-19 induced lockdowns, most other sectors were not so lucky. However, opening up of the economy has helped these to make a comeback and the third quarter numbers of several companies are proof of that. “The aggregate third-quarter numbers were good because the recovery in many sectors were much better than the street expectations,” says Sonam Udasi,
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The Economic Times