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5 Reputed Company Stocks At 52-Week Lows, Should You Buy?
Markets are hovering in a range within that 60,000 points to 62,000 points on the Sensex. Most observers believe that the markets would continue to move in a tight range, as interest rates continue to head higher. Here are 5 stocks of fairly renowned companies at 52-week lows.
Relaxo Footwear
The stock of Relaxo has now fallen to a 52-week low price of Rs 865 and was last trading at Rs 867 on the BSE. The shares of Relaxo had also hit a 52-week high of Rs 1375 on the BSE. In October of last year, broking firm Sharekhan had a buy call on the stock of Relaxo, with a price target of Rs 1185 on the stock. Relaxo Footwear is the largest footwear manufacturer in India. Its most popular brands are Relaxo, Sparx, Flite & Bahamas are a leader in their space.
Thyrocare Technologies
This stock of Thyrocare Technologies has fallen to a new 52-week low of Rs 553.35 and last closed trade marginally higher at Rs 553.35. The shares of the company had even hit a high of Rs 1084.85. We did not find many brokerage for buy and sell for the stock of Thyrocare. A few months back the stock had rallied on fears or rising number of cases from Covid. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.
Delhivery
Delhivery stock also fell to a new 52-week low of Rs 299.55 on the BSE. The shares have been constantly falling in the last few trading sessions.
Kotak Institutional Equities has upgraded the stock to "buy" from "add," with an unchanged fair value price of Rs 395 per share. This is a significant upside over the current market price. The stock of Delivery has fallen significantly from 52-week highs of Rs 708. Delhivery is India's largest fully integrated logistics provider.
The other good quality stocks that have fallen to 52-week lows are Quess Corp which fell to a 52-week low of Rs 376, while Aarti Industries also joined the above companies to a 52-week low of Rs 567.05.
Disclaimer
The article is for informational purposes only. The "buy calls" on the stocks have been picked from brokerage reports. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
