Most of the time we get headlines - “XX company turned multibagger” and we get the feeling of missing another opportunity.
What “criteria/type of news” do you use to identify a turnaround company? I am pretty sure share price before the numbers get reflected in the balance sheet. What I mean to say is screeners that use balance sheets are too late in identifying such “turnaround companies”.
In current scenarios do you think following could be considered as turnaround companies and also would like to know the list of stocks that you are monitoring.
IDBI BANK (34)
IDFC FIrst Bank (44)
JP Power (4)