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Buy These 8 High-Quality Stocks From The BSE 500 That Are Near 52-Week Lows

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Markets are falling and with them high quality stocks with a proven track record are falling too. Here are a list of 8 high quality stocks that have fallen to 52-week lows and could be worth buying at the current levels.

 

Finolex Cables

Finolex Cables

This company has a long standing track record in the business of cables and is just 3% away from its 52-week lows. The stock has hit Rs 370 against a 52-week low price of Rs 356. The stock has a trailing p/e of 14 times and is available at a price to book of less than 2 times. As we see economic growth and rapid urbanization, the stock of Finolex Cables should be a beneficiary. Buy the stock at the current levels of Rs 356.

Hindustan Zinc

Metal stocks, both ferrous and non ferrous have seen a sharp run over the years. Hindustan Zinc's operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelter as well as sulphuric acid and captive power plants in northwest India

However, Hindustan Zinc stock is just 4% away from its 52-week low of Rs 289. The stock is a very good buy for its dividend yields. The shares of the company are available at a dividend yield of 5.87%, which is rather attractive. We suggest buying the stock for its low valuations and high dividend yields. 

Aarti Industries
 

Aarti Industries

This stock has fallen from 52-week highs of Rs 1168 to the current market price of Rs 794. The shares are just 1.39% away from their 52-week lows. Aarti Industries Limited is a leading Indian manufacturer of speciality chemicals and pharmaceuticals with a global footprint. The stock is now trading at reasonable p/e ,multiples of 23 times, which makes it inexpensive to buy given the company's solid track record.

Hawkins Cookers

This company is a leading player in the cookers segment in India. The stock of Hawkins Cookers too is very close to its 52-week lows. The stock trades at Rs 5079, as against its 52-week low price of Rs 5055. We suggest not to buy the stock as the multiples are not very cheap. It still looks over priced at a price to earnings multiples of 31 times. The company no doubt has a strong brand equity, but, this year profitability might be impacted by increase in raw material prices.

Bajaj Consumer Care

Bajaj Consumer Care

This is one stock that has fallen and remains an attractive bet, as the company owns reputed brands like Bajaj Almond Hair Oil. The shares of the company are trading at a p/e of just 13 times trailing EPS and the stock The stock also gives a dividend yield of 6.81%, which is very good. The shares of the company are currently trading at Rs 161, as against the 52-week low price of Rs 149.

Gulf Oil Lubricants

Gulf Oil Lubricants is a top player in the lubricants business, both automotive and industrial. It has had a proven track record for many years now. This stock is just 1% away from its 52-week low price and is trading at Rs 415, as against the low price of Rs 411. The stock is available at an attractive price to earnings ratio of 9.83. The company recently had also announced a buyback of shares. What also makes the shares attractive is the dividend yield of 3.85% that it offers.

Kalpataru Power Transmission Limited

Kalpataru Power Transmission Limited

Kalpataru Power Transmission Limited
This company is amongst the largest players firmly entrenched in the global power transmission and infrastructure EPC space. The stock of the company is trading at Rs 343, as against the 52-week low price of Rs 349. What also makes the stock attractive to buy is the price to earnings ratio which is just 9 times on a trailing basis.

Manappuram Finance

This stock has seen a gradual fall in its share price from levels of Rs 229 to the current price of Rs 109. the stock is now very close to its 52-week low price of Rs 106. What is interesting is that the stock of the company is trading at a trailing p/e of just 6 times one year forward earnings. Manappuram Finance is a leading player in funding loans through gold. The company has benefited immensely in the last few years during the covid, when unemployment was at its peak. The shares of the company were last seen trading at Rs 109.25 on the Bombay Stock Exchange.

Read more about: stocks to buy investment
Story first published: Sunday, May 8, 2022, 8:40 [IST]
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