10 Stocks That Hit 52-week Lows, Do You Own Them?

Markets have been rallying over the last few weeks on sustained buying from Foreign Portfolio Investors. In fact, the Sensex has once again crossed the 61,000 points mark and could be headed even higher. However, the broader markets are seeing some price damage, particularly if corporate numbers are not in line.

Here are 10 stocks that have now fallen to 52-week lows

AG Universal, CMM Infraproject, Dangee Drums, Innovative Tyre, Orient Electric, Shri Ram Switch, Teamlease Services, V-mart Retail, Viji Finance and Vikas Life.

Please be informed that we have just highlighted the stocks that have hit 52-week lows and are in no way recommending these as investments. Having said that some of the stocks in this list including Team Lease and V-Mart Retail are stocks that are priced near the Rs 2000 mark. This means that can be considered as good quality stocks.

In fact, the stock of Teamlease has now fallen from levels of Rs 3800 to Rs 2031, seeing significant downside. Even a stock like V-Mart Retail has dropped significantly from levels of Rs 3400 plus to the current levels near 2074. The company operates 368 stores across 235 cities in 26 states and union territories in north, west, east and south India.

Team Lease on the other hand is a recruitment and hiring company with a good track record. The other stock that has fallen to 52-week lows is Orient Electric. Please note, that just because a stock has dropped to 52-week lows, does not make it attractive. Please study the fundamentals before any buying decision.

Disclaimer

The article is informative and should not be construed as a "buy" recommendation. Neither the author, nor Greynium Information Technologies Pvt Ltd should be held responsible for losses based on a decision after reading the article. We have not done any analysis and are just providing information on the stocks hitting 52-week lows. Goodreturns.in advises users to consult with certified experts before making any investment decision.