4 High-Quality Midcap Stocks That Are Near 52-Week Lows Today

Markets have been extremely volatile over the last few days. The Sensex fell as much as 3% on Monday and then recovered 3% on Tuesday. It is trading flat on Wednesday morning. Here are a few high quality midcap stocks that have fallen to near 52-week lows.

Gillette India

This stock of Gillette India has fallen from levels of Rs 6275 to the current levels of Rs 5,050. The stock had hit a 52-week low of Rs 4950 and is a few per cent age points away from those lows. In general healthcare, FMCG and related stocks have seen their shares falling as investors are increasingly moving money to economy related stocks like metals and banking.

Also, some of these companies have been facing margin pressures, owing to rising inputs costs. At the current market price Gillette India gives a dividend yield of almost 2.36%. That is not bad at all. A stock to buy, if you wish to diversify your portfolio.

Procter & Gamble Health

Procter & Gamble Health Limited is one of India's largest VMS Companies manufacturing and marketing over-the-counter products, vitamins, minerals, and supplements products. The company owns brands like Seven Seas, Nasivion, Neurobion, Evion, Cosome etc.

The stock has fallen from levels of Rs 7,500 to the current levels of Rs 4,790, which is also the 52-week low. As mentioned earlier, companies from this space have been some selling pressure as investors move money into economy related stocks.

The stock of Procter and Gamble Health were last trading at Rs 4800 on the NSE.

Nippon Life AMC

This is an asset management company that runs and operates the various mutual fund schemes. The stock is currently trading at Rs 325, as against the 52-week low price of Rs 312. A few brokerages had recently upgraded the stock to a buy including the likes of CLSA.

"It's leadership position in the passive market (ETF space) is likely to benefit the company in terms of valuation as compared to its peers. At current market price, the stock currently trades at 28.9x and 24.3x its FY23E and FY24E EPS. Hence, we maintain a Buy rating on Nippon Life Asset with an unchanged price target of Rs. 502," Sharekhan had said recently in its report.

Rallis India

This is a stock that is just 2.5% away from its 52-week low of Rs 241. This is a Tata group company that is into the agrochemicals business. Recently, brokerage firm Anand Rathi had given a buy call on the stock of Rallis India with a price target of Rs 350 on the stock.

It's important to remember that stocks sliding to their 52-week lows does not mean that they are cheaper and good. Stocks that fall can also fall even further. As such it is important for investors to remember to do fundamental analysis before buying into any stock. There could be numerous reasons for the stocks to fall to 52-week lows.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.