6 Bluechip Stocks That Are Just 5% Away From 52-week Lows

Markets have been rallying over the last few days, thanks to hopes of interest rates dropping going ahead. Analysts believe that as inflation in the economy eases, interest rates could begin to fall, thus providing impetus for the markets going forward. However, despite the markets rallying there are some stocks that are also falling, on account of various factors. Here are 6 stocks that have fallen sharply over the last few weeks and are now very close to 52week lows. Please note, there is no analysis that we have done and these are just information based on the stock prices.

Sanofi India

The stock of Sanofi India is just 6% away from its 52-week low. The stock recently went ex-dividend, which is why it also has been falling. The shares of Sanofi India have hit a 52-week high of Rs 7015 and Rs 5240. The company is one of the top pharma players.

Tamilnad Mercantile Bank

This stock is just 3.44% away from 52-week lows. The stock is trading at Rs 413.20, while the 52-week low is Rs 399 on the NSE. The company is one of the top banks in Tamil Nadu and has see a 52-week high price of Rs 547.

Crompton Greaves

This is another stock that is very close to its 52-week lows. In fact, the stock is barely one per cent away from its 52-week lows. The shares of Crompton Greaves is currently trading at Rs 251, as against the 52-week low price of Rs 225.

GSK Pharma

It would be safe to say that this stock has now hit a 52-week low on the NSE. The shares of the company are now trading at Rs 1241.90. The company is one of the top players in the pharma space.

Sumitomo Chemical and GHCL

These are two other stocks that are trading just 5% away from 52-week lows and are good quality bluechip stocks. Sumitomo Chemical is a top manufacturer of Crop Protection, Grain Fumigation, Rodent Control, Bio Pesticides, Environmental Health, Professional Pest control and Feed Additives for use in India.

Disclaimer
Please be informed that the stocks mentioned above are not recommendations to buy, sell or hold. There is no fundamental analysis done and the article only highlights the good quality stocks that are very close to 52-week lows. Greynium Information Technologies Pvt Ltd and the author are not liable for any losses caused based on the article.