4 High Quality Bluechip Stocks That Have Dived To 52-week Lows

Markets have been range bound for the last few days, even as investors turn cautious ahead of the Union Budget. Several stocks have now hit 52-week lows in trade. Here are 4 such good quality stocks at 52-week lows.

Atul Ltd

Shares of Atul Ltd, hit a 52-week low of Rs 7,663 in trade. The stock had hit a 52-week high of 10,856.80 on Jan 18, 2022. The shares were trading a tad higher at Rs 7707 on the NSE. Atul is a leading player in the chemicals business. The company manufactures 900 products and 400 formulations, serves 4,000 customers in 75 countries and owns 140 brands. It has production facilities in India, including those in Ankleshwar, Atul, Panoli and Tarapur). Subsidiary companies with production facilities in India (Ambernath and Atul) and the UK (Bristol). The company also has Wholly-owned subsidiary companies in Brazil (São Paulo), China (Shanghai), Ireland (Dublin), the UAE (Dubai), the UK (Wilmslow) and the USA (Charlotte).

Biocon

This is another stock that has fallen to a 52-week low. The shares were last trading at Rs 251.70, after hitting a 52-week low of Rs 251 on the National Stock Exchange. Biocon is a leading player in generics, biosimilars, research services and novel biologics. The company's Products approved by key regulatory agencies from US, EU, Japan, France, Brazil, Mexico, Turkey and Gulf countries.

The company has a Comprehensive presentation in biologics across Drug Substance, Drug Products (Liquid Vials, Lyophilized Vials, Cartridges & Prefilled Syringes) and Delivery Devices Reusable & Disposable Prefilled Pens)

Galaxy Surfactants

This was another stock that hit a 52-week low of Rs 2350, before trading at Rs 2392 on the NSE. Galaxy is a leading player in the surfactants business. The company manufactures 200+Products and supplies in 80 plus countries. It has 7 manufacturing units around the world. It also has 79 patents granted since 2000. The stock has been a good performer over the last few years and has good mutual fund holdings.

GlaxoSmithkline Pharma

This stock hit a 52-week low of Rs 1,294.30 on the NSE. It is a top pharma player. Meanwhile, the Nifty remained sideways in a narrow range throughout the day to finally end the session with minor loss of 18 points at 17896 levels. "There is cautiousness in the market ahead of inflation data of both India and US which is to be released on Thursday. There is high hope of further cool down in US inflation which would influence the US Fed's interest rate decision while the domestic inflation is likely to stay flat. Some of the other key global events like China and UK GDP data and Michigan consumer sentiment would also be keenly eyed. Tech stocks would be in focus as Infosys, HCL Tech and Cyient would be reporting their numbers on Thursday and would set the tone for other IT stocks. Metal sector would continue to be in momentum as both Copper and Aluminum price surged to 6-month high on hope of improvement in global demand due to China re-opening its economy," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.