As Diwali lights begin to come on, brokerages are once again rolling out their stock pick ritual, promising to brighten investors’ portfolios. But how many of last year’s festive bets actually lit them up? Not many, it turns out. Nearly two-thirds lost value, with almost a third shedding more than 25%. Yet, interestingly, more than half still managed to beat the Sensex, shows a Mint analysis.
