The Nifty has cracked a good 10 per cent since hitting lifetime highs in the month of Jan, 2018. We are seeing the Sensex hit its lowest level since early Dec 2017. Also, for the first time since Oct, the Nifty is now trading below the 10,000 points level.
State Bank of India
Surprising losses in the quarter ending Dec 31, 2017 and the PNB fraud case have led to sharp fall in government owned stocks. PSU banking stocks are the least favoured right now and most of them have fallen sharply. State Bank of India has hit a 52-week low of Rs 234.
Post the announcement of re-capitalization of banks, the stock had hit a 52-week high of Rs 351. Check stock quote here
This is a high quality banking stock, that has been growing at 20 to 25 per cent every year. The stock which closed at Rs 286, is not very far away from its 52-week low of Rs 275. Since this is a quality private sector player, analysts are hopeful that there would be some recovery in the stock, if the markets do recover.
This stock has dived from levels of Rs 488 to Rs 331. At these levels the stock maybe a good bet, given that there is fundamentally nothing wrong with the stock. In fact, the domestic business has seen a sharp recovery and there are hopes that we could see sharp recovery in shares in the coming days.
The LCV and the HCV segment is fast growing and the key products for the company, that is including Jaguar and Land Rover are expected to do well in markets like China and US. Check stock quote here
This is a stock that has halved in value. The stock, which has had a 52-week high of Rs 1500 has now fallen to Rs 735. Worries over US FDA and contraction in margins in this key market has left stocks from the sector in bad shape.
In fact, most of the stocks exporting to the US markets have seen a sharp fall in their value.