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Low beta stocks won't let you down (The Economic Times 28th Jan 2008)When the going gets tough, the tough get going... The old adage appears more than inspiring, given the current situation in the stock market. By any measure, times are really tough for equity investors. After the free fall last Tuesday, the benchmark indices lost within a week what it took them three months to gain. Most of the stocks saw their fabulous returns wane, perhaps much faster than the popularity of Britney Spears! While investors are jittery over the one week mayhem in the market, ETIG believes that it's time the tough guys took centre stage. By tough, we mean the stocks that tend to render a rock-solid behaviour in a volatile market. These are the stocks that traditionally have lower beta. Beta indicates the sensitivity of a stock's returns to the changes in the benchmark index. More
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