4 Stocks To Buy Today As Markets Have Come Crashing Down

It's a time in the markets, when value stocks may emerge as good play for investors looking forstability in dividends and a good track record. Here are 4 stocks that you could buy today where value has emerged, after a near 900 points crash on the Sensex.

Tata Steel

The shares of Tata Steel at Rs 1100 levels is a good stock to buy. The shares are available at a p/e of 4 times trailing EPS, which is low. We believe that steel prices would continue to remain elevated going ahead, making 2022-23 another good year for Tata Steel. Apart from this, the stock is available with a dividend of Rs 51.50 per share and also a stock split. So, if you buy the shares now you would be entitled to a dividend as well. The company has had an exceptional year in terms of financial performance reporting an earnings per share of Rs 270. What's most important that it has repaid substantial debt and will continue to do do. The company has undertaken expansion as well as acquisitions in the past which should drive growth going ahead. The shares are very attractively priced at the current market price of around the Rs 1100 mark. For investors willing to hold the shares for 2-3 years, the stock could generate decent returns.

Gulf Oil Lubricants

This is another stock that is trading at good dividend yields and also at an attractive valuations. The shares of the company have fallen from levels of Rs 744 to the current market price of Rs 394. Again, valuations of the company is what makes the stock attractive to buy. The stock is quoting at a p/e multiple of around 9 times. The board of the company is slated to meet on May 21 to declare dividends. Based on the last year's dividend the stock is giving a dividend yield of nearly 4%. We believe that going ahead with economic recovery in sight the company's area of operations, industrial and automotive lubricants would do well. The shares of Gulf Oil Lubricants have also fallen from a substantial high levels, which makes it attractive stock to buy. While there could be margin pressures because of input costs pressures we believe that some of it would definitely passed onto consumers.

Life Insurance Corporation

The shares of LIC recently got listed at a significant discount to the IPO price. At the current price of Rs 875, we believe the stock of LIC holds tremendous value.

An HDFC Bank report says the valuation of Life Insurance Corporation is pegged at Rs 6.07 lakh crore, which is around 1.1 times its September 2021 Embedded Value, i.e., the aggregate of its net asset value plus future discounted profits, of Rs 539,686 crore. This is at a significant discount compared to the Price/Embedded Value of its listed peers. Several analysts, including those from Motilal Oswal believe that there is value in the stock at current levels. Yes, there is little doubt that private sector players are chipping into the market share in certain categories, but, then there is a scope for the entire market expansion. Our belief that India is still a deeply under penetrated market for life insurance and hence a business expansion is going to happen.

Zee Entertainment

The one reason to recommend the stock of Zee Entertainment is that the shares have fallen in line with the markets. The stock has now become reasonably valued at that price of Rs 242. The merger with Sony Entertainment is going to create a media behemoth. The company is virtually debt free and is net cash position is more than its debt. The stock is not very expensive at a trailing p/e of around 16 times. Also, the board will consider dividend on May 26, which means the shareholders would also receive dividend, if they buy the shares now. The stock is worth buying into in small quantities.