Stocks That Are Near 52-Week Lows: Should You Grab Them

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Indian markets are showing some signs of a break-down with the Nifty falling for seven straight days in a row. Here are a few stocks that are very close to 52-week lows or have hit those lows. Some of these are good picks now.

Dr Lal's Pathological Lab

This company received an overwhelming response to its Initial Public Offering (IPO) two years ago. In fact, the IPO was oversubscribed by 33 times. The shares were initially offered at a price Rs 550 per share. Dr Lal's has seen its share price fall from levels of Rs 1,280 to the current levels of Rs 788. This stock is heavily priced in terms of book value and also in terms of price to earnings multiple. The dividend yield is also not very great. It is best to avoid buying the share even at a 52-week low of Rs 788.

TV Today Network

This is a part of the India Today group and runs various popular channels like Aaj Tak and also has the India Today magazine. The TV Today Network stock has fallen from levels of Rs 360 to the current levels of Rs 239. At these levels the stock is certainly not bad. For example, the company reported an EPS of Rs 18 for FY 2016-17. The stock is thus trading at a p/e of just about 15 times. We believe that the stock deserves better valuations and could rally in the coming days.

Coal India

This is a stock that is worth picking now, only for its dividend yield. The company last year declared a dividend of Rs 20 per share. We do not anticipate the company to declare a similar dividend in 2017-18 as the performance is likely to be poor. However, if the company does declare Rs 18 per share, even then the dividend yield would be a staggering 7.3 per cent. The stock hit its 52-week low on June 28 and should be a decent pick at Rs 245 for its dividend yield.

D S Kulkarni Developers

This is a Pune based real estate company whose stock has come crashing down to a 52-week low. This shares have fallen from levels of Rs 85 to Rs 26. What is interesting about the stock is that its book value is a huge Rs 178 and the stock is quoting at just 0.15 times book. This is normally unheard of. The dividend yield also at the current levels is 4.5 per cent.

Disclaimer

This article is strictly for informational purposes only. It is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.

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