Archive · 26 Jan 2026
Expensive Stocks Resilient in Market Correction
Some expensive stocks are not falling much during the market correction.
These stocks belong to companies like Laurus Labs, Jain Resource Recycling, and Syrma SGS Technology.
They are doing well because they have strong financial results, are making smart investments, and are in good market positions.
For example, Laurus Labs is expanding its pharmaceutical manufacturing, Jain Resource is growing in metal recycling, and Syrma is shifting to higher-margin businesses.
Even though their stock prices are high, investors still believe in them because of their future growth potential.
Laurus Labs' stock up 76% year-on-year, trading at P/E 81x, investing $600 million in expansion.
Jain Resource Recycling's stock up 19% since listing, trading at P/E 52x, expanding capacity and diversifying into new recycling domains.
Syrma SGS Technology's stock up 43% year-on-year, trading at P/E 56x, shifting to higher-margin industrial and automotive segments.
All three companies reported strong financial performance in H1 FY26, with significant revenue and profit growth.
Their resilience is attributed to strategic investments, market positioning, and future growth potential.
- Who
- Laurus Labs, Jain Resource Recycling, Syrma SGS Technology
- What
- Stocks holding value during market correction
- When
- Current market conditions, H1 FY26 financials
- Where
- India
- Why
- Strong financial performance, strategic investments, and market positioning
- Laurus Labs
- ₹1,030 per share, P/E 81x, FY26 capex ₹1,000 crore
- Jain Resource Recycling
- ₹381 per share, P/E 52x, H1 FY26 revenue ₹3,663 crore
- Syrma SGS Technology
- ₹668 per share, P/E 56x, H1 FY26 Ebitda ₹227 crore
- Laurus Labs H1 FY26
- Revenue ₹3,223 crore, Net profit ₹356 crore
- Jain Resource H1 FY26
- Revenue ₹3,663 crore, Net profit ₹155 crore
- Syrma H1 FY26
- Revenue ₹2,093 crore, Net profit ₹116 crore
