A relatively strong set of companies have fallen to their 52-week lows. Some of these companies are good strong companies with solid cash flow and robust business models. Here are few super companies that have hit their 52-week lows in line with poor market sentiments.
Hindalco is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. It is part of the Aditya Birla Group. The stock hit a 52-week low of Rs 91 on March 20, after having hit a 52-week of high of Rs 143.50.
BHEL is one of the largest engineering and manufacturing companies in India in terms of turnover. BHEL is virtually debt free and a majority stake in the company is held by the government. The company's stock hit a 52-week low of Rs 182.25 on March 20.
ABB is a leader in power and automation technologies In India the company has 12 manufacturing facilities with over 10,355 employees. The stock of the company hit a 52-week low of Rs 535 on Wednesday. The stock had a 52-week high of Rs 893.
It's hard to believe that the MMTC stock has come crashing down ever since the government decided to sell a stake in the company. The stock has fallen from a 52-week high of Rs 873, to a low of Rs 260 on March 20.
Cairn India is one of the largest private oil exploration and production companies currently operating in India. It is a part of the Vedanta Group, a globally diversified natural resources group with wide ranging interests in aluminium, copper, zinc, lead, silver, iron ore, etc.
A part of the Anil Dhirubai Ambani Group, the company has a presence in a wide array of infrastructure activities, including those in energy and EPC. The stock of Reliance Infra hit a 52-week low of Rs 366 on Wednesday.