Latest News
-
Indian Railway Finance Corp (IRFC): Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
2 Multibagger Defence To Shield Your Money, Buy On April 24; Prabhudas Sets Target Prices, Stop Loss -
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own? -
TCS Vs Infosys Vs Wipro Shares, ADRs, Upcoming Dividends: Which Mega IT Stocks To Buy After Q4 Results? -
SBI Card Launches 3 New Variants of Its Travel Credit Card ‘SBI Card MILES’ -
25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High
4 Bluechip Stocks That Are Less Than 5% Away From 52-week Lows
Markets have been falling sharply over the last few trading sessions, as worries over rising interest rates in the US, once again re-surface. Here are a list of bluechip stocks that are trading 5% away from 52-week lows.
Infosys
| Current market price | 52-week high price | 52-week low price |
|---|---|---|
| 1413 | 1953 | 1355 |
The shares of the company are just 5% away from their 52-week lows. The company is also set to announce its quarterly numbers later this month. Like most stocks from the IT sector, this stock too has come-in for severe selling pressure. At the current market price the stock maybe attractive for its dividend yields. The shares are now trading at Rs 1413, as against the 52-week low of Rs 1355, which is just 5% away.
Tata Consultancy Services
| Current market price | 52-week high price | 52-week low price |
|---|---|---|
| 3004 | 4045 | 2926 |
Like Infosys, the shares of TCS too are languishing. There are worries that growth for these companies could slow, if there is recessionary like conditions in the US. The stock of TCS like Infosys is very close to its 52-week low of Rs 2926. The shares are currently trading at Rs 4045 on the NSE. For risk averse investors, this maybe a good stock to buy, given the huge slide that one has seen in the stock over the last few months.
GAIL
| Current market price | 52-week high price | 52-week low price |
|---|---|---|
| 87 | 115 | 83 |
The company recently declared bonus issue of shares in the ratio of 1:2. Volatility in the share price is also on account of the volatility that we have been seeing constantly seeing in gas prices. Earlier, last month was the record day for bonus issue in the stock. The shares of the company have now hit a 52-week high of Rs 115 and a low of Rs 83, as against the current market price of Rs 87. Should the markets fall there could be further downside risks to the stock.
NATCO Pharma
| Current market price | 52-week high price | 52-week low price |
|---|---|---|
| 605 | 942 | 593 |
Natco Pharma is among the top players in the pharma space. The shares of the company have been on a solid downtrend over the last few months. In fact, most pharma companies have seen a downward pressure on worries that there could be margin pressures going ahead, given the inflationary conditions. However, the silver lining for these companies is the sharp drop in the value of the rupee against the dollar. Despite the sharp fall in the share price of Natco, the stock is still trading at a trailing p/e of nearly 30 times, according to the BSE website.
Sharp drop does not always mean a buy
A sharp fall in the share price of the company does not always mean it is a good time to buy the stock. Investors must understand that fundamentals could be changing, as is the case with IT Stocks. However, over a longer period of time, some of these stocks, especially from the IT space could hold some value and hence it would be worth nibbling into at lower levels.
