It depends on the underlying valuation of the stock, and the industry sector.
Stocks for retail/commodities/food/oil... will generally keep up with high inflation, since these industries have low margins and profits track closely to prices. There will even be some speculation, so it might pop in these environments, only to come down when clarity returns.
Growth stock will be obliterated in high inflation environment, because they're valued for future profits, which will be worth less because money is worth less.
Business services, entertainment, ... kind of wavers in between.
Stocks for retail/commodities/food/oil... will generally keep up with high inflation, since these industries have low margins and profits track closely to prices. There will even be some speculation, so it might pop in these environments, only to come down when clarity returns.
Growth stock will be obliterated in high inflation environment, because they're valued for future profits, which will be worth less because money is worth less.
Business services, entertainment, ... kind of wavers in between.