Larsen and Toubro
L&T like most other Nifty stocks succumbed to selling pressure and hit a 52-week low of Rs 708 on the National Stock Exchange. The company is one of India's leading infrastructure companies and is a worthy pick into the portfolio on further declines. The share price could rally once the investment climate picks up and the economy stages a recovery.
Like other banking peers, ICICI Bank hit a 52-week low of Rs 788 on the National Stock Exchange. Fears that rising bond yields could affect profitability saw the share price being hammered. Analysts believe that the stock is highly undervalued at the current levels and is a worthy pick.
Yes Bank was also hammered to a 52-week low of Rs 224 as economic slowdown and possibility of increasing losses on account of rising bond yields left investors worried. A forward price to earnings multiple of around 6 times, makes Yes Bank an extremely attractive stock for medium to long term gains.
A large power equipment manufacturer, shares of the company have fallen due to problems in the power sector. The company's order book has shrunk and the stock is down from levels of Rs 272 witnessed in the month of October.
State Bank of India
Shares in India's largest lender has plunged to a 52-week low of Rs 1488 on the National Stock Exchange. Fears of rising non performing assets, economic headwinds and difficult monetary conditions have seen the stock being whacked out of shape.
Ultratech Tech Cement
A part of the Aditya Birla Group the stock is down from its high of Rs 2,154. Analysts believe that a slowdown in the economy could affect the company's margins going forward.