Simple: They keep surprising by making new highs. And that’s why market participants keep buying them on every dip.

Here’s a classic example: BPCL stock broke out to NEW HIGH in 2014, along with Nifty. It was a leadership stock and just watch what BPCL has done since then. [Check the source for the chart]

* Source: http://stateofthemarket.net/2017/01/what-leadership-stocks-do-in-bull-market/

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