7 High Quality Stocks Near 52-week Lows, Reach Mouth-Watering Levels

The broader markets have fallen considerably over the last few months. This has made some stocks very close to their 52-week lows and these have now reached mouth-watering levels.

Current market price	52-week lows	Distance from 52-week lows
ICICI Prudential Life	398.45	2.85%
Bata India	1387	0.35%
Emami	386.60	3.07%
Page Industries	37417	0.68%
ICICI Lombard	1086	1.46%
Tata Consumer	707	8.08%
Kotak Bank	1721	5.27%

The problem with some of these stocks

Typically, each stock may have fallen for reasons of its own. ICICI Prudential Life has dipped after budgetary recommendations that may not have been favourable for the stock. Page Industries has been having a problem with high input costs and ofcourse competition in the sector is also fierce. Typically, stocks get knocked out largely on the basis of performance and things have been a little difficult for some of these stocks. Overall, unless there is some change, stocks tend to languish.

Market downtrend continues

Meanwhile, the downtrend for the markets continued. Domestic Equities resumed downward journey after a day's relief on back of cautiousness globally and rise in dollar index. "Nifty opened negative and came under selling pressure to close with loss of 131 points (-0.8%) at 17320 levels. Except for Realty, all sectors ended in red. Realty sector was in lime light for 2nd consecutive day after reports of strong property registration in Mumbai. In the near term, lack of any positive trigger could keep the market directionless. Even FII selling has intensified in the last couple of days, adding to the overall negative sentiments," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Most marketmen believe that the markets would continue to be under pressure as interest rates across the globe continue to rise. Investors are advised caution and should invest only for the longer -term time frame. If you do no have an appetite for risk, it is better to stay away from the markets.