BUDGET 2022 – Why you must avoid Engineers India ahead of budget? Precedents reveal this!

While Zee Business has been recommending stocks which the investors must consider ahead of Budget 2022, we will also tells which stocks are an absolutely no go ones. Senior Research Analyst at Zee Business Varun Dubey revealed some stocks that investors must stay away from before the budget.

Varun Dubey said Engineers India Limited is the stock that will likely give negative returns in January. 

He said it was surprising for our research team too when found out that this stock gives bad returns mostly near budget months. 

He continued, from the last 4 years, Engineers India is performing negatively. If you can see the average fall, it is approx. 7.50% in the month of January.

In the last 4 years, it showed 2% fall in 2017, 10.9% in 2018, 9.9% in 2019, 7.6% in 2020 and 7.2% in the year 2021.

Varun concluded, 'So, this is the worst stock before the budget - Engineers India Limited.'

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— Zee Business (@ZeeBusiness) January 5, 2022