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5 super Nifty stocks at 52-week lows


 5 super Nifty stocks at 52-week lows
Even as the Sensex remains near the 20,000 levels, the fact remains that there are many stocks that have hit their 52-week lows. Most are blue chip companies that are available at low valuations. Here goes the list of stocks from the Nifty that hit their 1 year low on Friday.

State Bank of India


The nation's largest bank, State Bank of India saw its price fall to a one-year low of Rs 1751.70 on Friday, as investors hammered PSU banking stocks, after poor results from PNB. The share price looks extremely attractive at the current levels.

Tata Steel

Tata Steel slumped to a 52-week low of Rs 216.65 on Friday, as investors sold metal and banking stocks. The share had seen a 52-week high of Rs 448 in Jan and has almost halved since then.

Punjab National Bank

Punjab National Bank has seen its share price slump to Rs 583, after the company declared results on Friday. Its gross and non performing assets were worse then expected, which saw its share price hit the 52-week mark. Again, the stock looks attractively valued at current levels.


Infrastructure financier, IDFC saw its share hit a 52-week low of Rs 114.70 on Friday. Sentiments for banking and financial stocks were weak following the RBI measures to tighten liquidity.

Jindal Steel

Jindal Steel and Power plunged to a year's low of Rs 182 on Friday. Again, sentiments for metal stocks have been bearish as economic growth in the country remains weak. Sentiments for the sector are unlikely to turn anytime soon, though most of the stocks look attractively valued.

Read more about: sensex nifty
Story first published: Saturday, July 27, 2013, 10:28 [IST]
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