3 Quality Stocks That Have Fallen 20% In The Last 10-Days: Should You Buy?

It's not the best time for investors with the Sensex and the Nifty cracking and individual stocks falling even more. Here are a few set of stocks that have fallen nearly 20% over the last 7-days.

Angel One

This is a reputed broking firm, and probably among the top few in the country. The shares, which were trading at almost Rs 2000 on April 29 is down to around the Rs 1440 levels. The stock at the current levels is priced at a p/e of about 20 times. The stock comes with a dividend yield of nearly 1%. Angel One was formerly known as Angel Broking Limited. The Company is the largest listed retail broking house in India in terms of active clients on NSE as of December 31, 2021. Broking firm, Motilal Oswal has a buy call on the stock with a price target of Rs 2300. The broking business is extremely competitive and if there is a prolonged period of downturn in the markets, expect the broking business to face the heat. We are not recommending any buy on the stock, but, if investors will, then can accumulate only.

CanFin Homes

The stock has dropped nearly 20% in the last 10 trading days. In fact, on May 2, the stock was trading at Rs 640 and has now fallen to levels of Rs 504. There were unconfirmed reports that Can Fin Homes on possible Reserve Bank of India probe into detection of fraud in 37 accounts. The company, however, has denied the reports saying the company has not received any such information from the regulator. "We confirm that, to the Company's knowledge, currently there is no such information or event which is significant and price sensitive, which the Company may need to disseminate to the investors for their information. As such, there are no specific/extraordinary events or information in respect of the Company that may have a bearing on the price movement of the scrip. We request you to take the above information on your record and disseminate the same on your website. The mentioned news item is factually incorrect," the company stated. In any case, the damage to the stock was done and the stock is down 20% in the last few days. Markets are in a bear grip and any adverse sensitive information, these days can cause havoc in stock prices.

TV 18 Broadcast

This stock is down 23% in the last 10 days and trades at Rs 41.95. The company is a subsidiary of Network18, which in turn is owned by Reliance Industries. The shares of the company have been slipping amidst heavy volumes, following reports that Reliance and Viacom18 announced partnership with Bodhi Tree Systems. The company is one of the top players in the digital space, news and entertainment space, wherein it is a leader in select categories. With brands like CNN News 18, CNBC TV 18, Moneycontrol, Firstpost it is a solid player. However, the media business is a business where profits are not easy to comeby. We believe for investors, who wish to own some solid brands, this may be a good stock to buy in small quantities.