5 Stocks That Have Hit Near 3-Year Lows, Should You Buy Them?

Markets have began the week on a dismal note, with the broader indices seeing significant weakness. The Nifty and the Sensex are down once again in trade. Here are a list of stocks that have now hit 3-year lows.

5 Stocks that have hit 3-year lows

Company name	Current market price	3-year low
Gaekwar Mills	13.21	13.21
Future Retail	6.7	6.66
Asian Hotels (West)	143.5	143.5
IGC Industries	27.9	27.9
LA Tim Metal	14.35	14.35

Should you buy these stocks at 3-year lows?

Most of the stocks listed above are unheard of, except the stock of Asian Hotels (West). The company's subsidiary Aria Hotels and Consultancy Services, has developed a five-star deluxe hotel consisting of 523 rooms with Marriott Hotels India Private Limited, the operator of the said hotel, under the brand "JW Marriott" at Delhi Aerocity. The Hotel has also a commercial block of approx. 132940 sqft of super area. The JW Marriott Hotel, being adjacent to the Delhi International Airport. We have no views as such on the stock and neither on all the stocks listed above.

Markets are volatile, buy into good quality stocks only

Markets are exceedingly volatile over the last few months and investors would do well to buy shares of companies that have good quality management and long standing track record. A stock falling to 52-week low, does not always make it attractive. We suggest to look at fundamentals first and then the price of the stock. Over a period of time, stick to stocks from the large cap space or maximum from the BSE S&P 100. Looking at other stocks, in a volatile market environment, may not be the best idea. For investors, who have a long term perspective of investing, high quality stocks, even if it means some premium is the best way to go. Based on that, we do not believe that some of the stocks listed above merit any investment attention. There are many stocks that we analyze at goodreturns, where investors can invest for long-term returns and build a sound portfolio.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets. The author and his family do not own shares of the above mentioned companies.