3 Large-Cap Stocks Hit Their 52-Week Low, Should You Buy?

Large-cap stocks have emerged highly valuable stocks as they are from established companies that have been in existence for decades. Investors can avail many benefits by investing in large cap stocks as these companies are transparent. You can also obtain particular insights pertaining to long term growth outlook and stock movement prior to your purchase.

These stocks offered stability when compared with small or mid-cap stock. Large-cap stocks offer consistent dividend payouts, yet another advantage for investors.
Three large stocks have hit their 52-week low and offer investors a great opportunity to invest in them. Check below:

HDFC Bank

The current market price of HDFC Bank is Rs 1289 apiece with a 52-week high and low of Rs 1725 apiece and Rs 1271 apiece, respectively. The stock is 1.41% away from its 52-week low. HDFC is witnessing a rising net cash flow and cash from operating activity. It has a ROE and ROCE of 18.1% and 6.36%. the dividend yield is 0.50% and market capitalisation is 716,178 crore.

It declared Q4 results with the standalone net profit surging to Rs 3700 crore for the quarter ending March 2022, a raise of 16%. The company announced a dividend of Rs 30 per share for the year ending March 2022. The PE is 18 and sector PE is 20.79. EPS is 68.52. Leading brokerage firms have upgraded their rating for the stock and given buy call. 

Tata Steel Ltd

The current market price of this large cap stock is Rs 906 apiece with 52-week high and 52-week low at Rs 1534 apiece and Rs 895 apiece. The stock is now 1.21% away from its 52-week low. The company with strong financial declared a robust Q4 result. The YoY net profit recorded a surge of 47% at Rs 9756 crore. Revenue from operations recorded a jump of 38.6% YoY at Rs 69323 crore in Q4 FY 2022. It is a profit making company with high ROCE and low PE.

The PE of the stock is 2.76 which is lesser than sector PE of 4.52. The EPS is 32868. Dividend yield is 5.63 which is quite attractive. The ROE and ROCE stand at 42.6% and 31.6%. The stock offers good dividend yield and can prove advantageous for investors looking for stable income. It has been maintain a healthy dividend payout. Brokerage firms have upgraded their recommendations for the stock. 

Indian Oil Corporation Ltd

The current market price of the stock is Rs 104 apiece with a loss of 3.65%. The 52-week high and 52-week low range is Rs 141.50 and Rs 101.90 apiece, respectively. The stock is 2.88% away from its 52-week low and offers good opportunity to make optimum use of it.

The company has been judiciously using its capital to produce profit with its ROCE bettering. Brokers have also upgraded their recommendation for the stock. The market capitalization is Rs 98095 crore. The dividend yield is quite high at 10.94. The PE is quite low at 3.91 which is lesser than sector PE of 25.94. EPS is 26.66. The ROE and ROCE are recorded at 20.5% and 16.1%, respectively. IOCL reported a decline of 31.4% in its standalone net profit for Q4. It reported a standalone net profit of Rs 6021 crore for January to March as against Rs 8,781 crore in the same period a year back.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.