Markets are trading at near peak levels, with the Sensex and the Nifty rallying on the back of three heavyweights, including Reliance, TCS and HDFC Bank. All three are heavyweight stocks that have driven the Nifty and the Sensex higher. Here are a few stocks at 52 week lows, which could be worthy picks at the current levels.

HT Media

HT Media has a strong presence in newspapers, digital media and the radio business. It publishes the Hindustan Times and Mint in the newspapers segment, while it owns the Fever 104 brand in the radio business, and in the internet business incorporated under Firefly e-ventures, it operate leading web portals hindustantimes.com and the livemint.com

HT Media reported a bad set of numbers for the quarter ending June 30, 2018. The company saw its earnings before interest, taxes, depreciation and amortisation drop 49 percent to Rs 36 crore, while its Q1 earnings last year were reported at Rs 70.1 crore.

HT Media reported a drop of 86 percent in its net profit for the June quarter to Rs 5.8 crore against Rs 41.5 crore in the same quarter last year. The drop in net profits was largely on account of a fall in revenues and an increase in raw material costs.

However, there are reasons to be a little more optimistic on the performance of the company going ahead. The biggest of these is that elections would be held in key states later this year and then there is the general elections next year.

This could give a boost to advertising revenues. We believe that going ahead, the company will see an improved performance. By 2019-20, HT Media can report an EPS of Rs 8. This means the stock is trading at a mere 7 times, one year forward earnings. The stock of HT Media is also trading at a price to book of 0.5 times. Buy the shares keeping a long term perspective in mind.

NMDC

Shares in NMDC have slumped to a new 52-week low of Rs 95. The company is a government owned company. It is one of the largest iron ore mining companies in the country, which has a virtual monopoly. Apart from this it is a cash rich company, with solid dividend yields. NMDC declares dividends twice every year.

In 2017, the total dividend paid was 5.15 per share, which on a share price of Rs 95, translates into a dividend yield of almost 6 per cent. Given that the dividend yield is very high, the downward risk on the stock is very low. NMDC is also a debt free company and mining is a high margin business.

It is unlikely that we will see a further downside in the stock, from the current levels of Rs 95