4 Attractive Stocks Near 52-week Lows To Buy And Boost Your Portfolio In 2022

As we usher in the new year, it maybe time to buy those beaten down stocks and stop chasing those expensively priced stocks. Some stocks have run their course and with the markets falling a bit in the last 1-month, it maybe time to nibble into some of the stocks that are nearer to their 52-week lows.

Amara Raja Batteries

Amara Raja Batteries is one of the largest lead acid battery players in the country. The stock has fallen from levels of Rs 1025 to the current levels of Rs 604. The company reported better quarterly numbers for Sept 2021, when compared to June 2021. The EPS for the quarter ending Sept 30, 2021 was Rs 8.44.

The company is now focusing on batteries for electric vehicles and is getting ready for the new age vehicles. Amara Raja Batteries has a very small equity and has performed well over the years. It's battery Amaron is one of the top selling lead acid batteries and finds huge demand in the replacement market, as well as among OEMs. The stock is trading at less than 20 times, one year forward earnings. We believe this stock of Amara Raja Batteries which is now available at near 52-week lows has the potential to rally.

Gulf Oil Lubricants

This is another stock that is very close to 52-week lows. Gulf Oil Lubricants is one of the top players in the lubricants business. The shares have plunged to a near 52week low of Rs 440, from levels of Rs 827, seen earlier in March this year.

The stock is trading at less than 10 times one year forward price to earnings multiples, which makes the same attractive to buy. The stock is also available with a dividend yield of nearly 3.42%, which is not bad at all. We believe that the stock has the potential to rally, given the strong promoter holding of nearly 73% and aggressive plans by the company, including introduction of lubricants for e vehicles.

Shares of Gulf Oil Lubricants last closed at Rs 439.

Aurobindo Pharma

This is India's second largest pharma company. Fundamentally nothing wrong with the company. The shares have fallen from 52 week highs of Rs 1053 to the current levels of Rs 709. Aurobindo Pharma has a strong pipeline of ANDAs and is among the better placed companies to do well from the pharma sector. If you are looking to buy a high quality stock from the pharma sector, this could be it. Also, holding pharma stocks could be a good move to diversify your portfolio as defensives can a good in a falling market.

Shares of Aurobindo Pharma last closed at Rs 707 on the NSE.

L&T Finance Holdings

This is another stock that is not too far away from its 52-week lows. In fact, the shares have dropped from levels of Rs 113 to the current levels of Rs 77.10.

The stock may take time for recovery, given the huge equity base. However, the company does have a very strong pedigree. We believe that recovery in the stock would be more gradual as compared to the above listed companies. A solid performance for the company hinges on economic recovery and also interest rates staying lower for longer.