4 stocks on the road to recovery

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We used our latest Stock Ratings to find companies that have improved their Growth score significantly. Swipe for the list.

Indian Overseas Bank

FY19 Growth score: 0.6 FY23 Growth score: 4.7 Return per annum in last 5 years: 22% Recovery factors: Lower cost of funds from better asset quality.

Jindal Drilling & Industries

FY19 Growth score: 3.5 FY23 Growth score: 7.6 Return per annum in last 5 years: 47% Recovery factors: Lower crude oil prices.

Bank of India

FY19 Growth score: 1.0 FY23 Growth score: 4.7 Return per annum in last 5 years: 4.1% Recovery factors: Better asset quality and loan book diversification.

MPS

FY19 Growth Score: 3.6 FY23 Growth Score: 6.8 Return per annum in last 5 years: 22% Recovery factors: Smart acquisitions and rising digital consumption.

A word of caution

These are not stock recommendations. Do the due diligence before investing.

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