Road to recovery: Four turnaround stocks

Remember the first time you decided to ride a bicycle? You stumble and fall, but eventually, you learn to balance and pedal ahead smoothly. The journey of a business is similar. Even the best of the crop hit rough patches and stumble. But true wealth creators eventually find a way to get back up and keep growing. So, to look for such businesses that had stagnated in the past but are now showing signs of recovery, we used our Value Research Stock Ratings . We considered companies that have consistently improved their growth scores in the past five years. Note that we considered only companies with a market cap of over Rs 500 crore. The above landed us eight companies. To keep our focus on the best of the bunch, we considered only the top four companies that displayed the most significant improvement in growth ratings. Here is the list: MPS Bank of India Indian Overseas Bank Jindal Drilling & Industries Getting back up Jindal Drilling & Industries gave a whopping 47 per cent annualised return in the last 5 years Company M-cap Sector Growth rating in FY19 Growth rating in '23 Difference in rating 5Y CAGR return (% pa) Indian Overseas Bank 81242.57 Bank 0.6 4.7 4.1