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5 Good Quality Stocks Near 52-week Lows


Even as the markets continue to remain just 2 per cent below their historic lows, there are many good quality stocks that have dived to 52-week lows. Here are a few of them:


India's largest oil and gas exploration company is trading at Rs 116.80, which is just 1 per cent away from its 52-week low of Rs 115.55.

A fall in crude prices has pushed the stock lower. Moreover, divestment of stake sale in the company may also be an overhang on the stock. However, at these levels the stock is trading at a 1-year forward p/e of just 5 times, which is almost half of the valuations when compared to global peers.


At the current price of Rs 116.40, the stock yields a dividend of more than 6 per cent, which is not bad at all.

Oil India

Oil India is another oil and gas exploration company like ONGC, which is just 1 per cent lower than its 52-week low price of Rs 137.

Again, the stock at the current market price of Rs 138.70, gives a good dividend yield of 7.30 per cent. If both these companies increase their dividends, the dividend yield is significanly higher.

Hindustan Zinc

India's largest Zinc and silver producer has seen its share price drop to Rs 200, which is just three per cent away from a 52-week low. There were hopes that the board would declare dividends at the last board meeting when quarterly numbers were declared.

However, that did not happen. The stock would remain a good bet for its dividend yields.

5 Good Quality Stocks Near 52-week Lows

Indian oil Corporation

This is another stock that is just 3 per cent away from its 52-week low and is currently trading at Rs 117.40. Government owned oil marketing company stocks and those from the oil exploration business have both seen their share prices drop.

One reason for the same could be the divestment. However, most of these stocks do offer value.



FMCG major Marico, is a stock that is just 4 per cent away from its 52-week lows. The stock is trading at Rs 339, against its 52-week low of Rs 324. FMCG stocks have been hurt on account of the economic slowdown. Some of these stocks could be a good bets for the long-term. If some of the PSU stocks declare good dividends, they would be ideal, given that dividends are tax free in the hands of investors up to a sum of Rs 10 lakhs.

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