Just like last month, we have come up with a list of high momentum stocks for August 2022. The performance of momentum portfolio last month was quite good and combined returns stood at 11.6%. This isn’t surprising as the portfolio received tailwinds from a rising market. Nevertheless, this doesn’t take away a bit from the proven robustness of this investing style.
The momentum portfolio approach requires us to purchase a new basket of stocks with momentum and sell the old one. In the process, it is quite possible for some stocks to remain common and it is indeed the case here. BLS International, Cummins, and Sobha are the stocks which are common in both the lists.
Momentum stocks for August 2022
- NDTV
- Lumax Auto Tech
- Kewal Kiran Clothing
- Butterfly Gandhimathi Appliances
- IndusInd Bank
- Sobha
- BLS International
- Schaeffler India
- Oberoi Realty
- Kajaria Ceramics
- G M D C
- Craftsman Auto
- Bharat Dynamics
- Titan Company
- Canara Bank
- Asian Paints
- Timken India
- Bank of Baroda
- Bharat Electron
- Cummins India
- DLF
- Adani Power
- Chambal Fertilisers
- KEC International
- Mindtree
Our selection criteria for momentum stocks in July included market capitalization as a filter and the resulting selection of stocks had a high concentration around market capitalization of INR1000 crore. While the criteria still remain the same at a minimum of INR 1000 crore, the selection of best momentum stocks for August 2022 is evenly spread this time in terms of market capitalization.
In case you are interested in understanding the workings behind the selection of high momentum stocks for August 2022, please check out our inaugural post in momentum series. There aren’t substantial changes except the one mentioned above. For DIY enthusiasts, Wesley Gray is an authoritative writer on the topic and has written several books which can be helpful.
Just like last month we will keep tracking the performance of this portfolio on a weekly basis and update on this page.
Performance after week 1: up 0.1%
Performance after week 2: up 2.9%
Performance after week 3: up 4.9%
Performance after week 4: up 6.7%
Performance after full month: up 8.8%
Disclaimer – This is not an investment advice. All content on this page and website are purely educational and informative in nature. Please consult your financial advisor before investing.
