Some low beta stocks shine as market volatility rises

As market volatility escalates due to rising geopolitical tensions, low beta stocks are gaining traction among investors. Analysis from the ET Intelligence Group reveals that only 135 stocks in the BSE 500 index have recorded returns of 1% or more in the past month, with a mere 35 achieving double-digit gains. Notably, more than half of these stocks exhibit a beta ratio of 0.9 or lower, indicating their resilience against market fluctuations. The Sensex has dropped nearly 6% in this period as investors navigate the uncertainties stemming from conflicts in West Asia. Among the standout performers are 13 stocks that have delivered double-digit returns across various timeframes, largely driven by robust domestic operations and improved financial metrics. Companies like Hitachi Energy India, which has seen a remarkable 34% monthly return and nearly doubled in value over the past year, lead the pack. Other notable mentions include Finolex Cables and Aster DM Healthcare, reflecting strong revenue growth and operational efficiency. Additionally, six stocks are trading near their 52-week highs, underscoring their stability amid a turbulent market. As the number of low beta stocks increases, investors are increasingly turning to these safer options for their portfolios.