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7 High Quality Stocks That Are Less Than 10% Away From 52-week Lows

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Markets are pretty much in a consolidation phase and the last week of the calendar year, tends to lead to some short term rally. Here are a list of 7 high quality stocks that are trading near 52-week lows or thereabouts.

 

Paytm

Paytm

Current market price52-week lowAway from 52-week low
Rs 1344Rs 12715.50%

One97 Communications, the parent company of Paytm is just a little away from its 52-week low price. The company had come-up with a public issue in a price band of Rs 2080 to Rs 2150, but, has never reached there. In fact, investors in the IPO have lost heavily and there is no telling where the stock could go. After listing many analysts felt that the stock was overvalued and we have seen a fall in the share price thereafter.

IndusInd Bank
 

IndusInd Bank

Current market price52-week lowAway from 52-week low
Rs 855Rs 7897.70%

The stock of IndusInd Bank too has fallen over the last couple of months from 52-week highs. Last month, the shares dropped after a report, citing a whistleblower complaint about "evergreening of loans" at the bank's microfinance lending arm, Bharat Financial Inclusion Limited. IndusInd Bank's management has refuted the media report, adding that it is "inaccurate and baseless".

Britannia Industries

Britannia Industries

Current market price52-week lowAway from 52-week low
Rs 3513Rs 33175.40%

This is another stock that is very close to its 52-week low. Investors at the moment are least interested in FMCG and pharma stocks. Many of the stocks from the sector are trading at 52-week lows. Stocks like Britannia Industries are trading at very high price to earnings multiples, and are also facing input cost pressures. We are not recommending investors to buy the stock, as valuations seem stretched for the company.

City Union Bank

City Union Bank

Current market price52-week lowAway from 52-week low
Rs 132Rs 128.702.50%

We have seen the stock of City Union Bank falling consistently over the last few trading sessions. In this market, the bigger private sector banks are getting all the attention, while the smaller banks are languishing. We are not recommending buy on any stock right now, given that the markets themselves are overvalued at this stage.

Zydus Welness

Zydus Welness

Current market price52-week lowAway from 52-week low
Rs 1859Rs 18082.79%

This company has leading brands in its portfolio, namely Complan, Sugar Free, Glucon-D, Everyuth, Nycil, Sugarlite and Nutralite. The stock is just a few per centage points away from hitting its 52-week low. Again, the valuations may not be expensive when compared to some peers, but, a further sharp downside could make the stock attractive.

Bank of India

Bank of India

Current market price52-week lowAway from 52-week low
Rs 51.10Rs 47.906.26%

Stocks from the PSU Banking space are a traders delight and not an investors delight. We keep seeing these stocks gaining and then falling all over again. We do not see a sustained momentum as in banks like ICICI Bank. At the moment it is a good idea to stay away from this bank, as bank's like Bank of Baroda maybe better stock to buy.

Kansai Nerolac

Kansai Nerolac

Current market price52-week lowAway from 52-week low
Rs 568Rs 5218.26%

This is one of the top paint companies in the country, with the popular Nerolac brand. Again, we have seen the stock languishing near its 52-week low for some weeks now. Investors who have an appetite for risk, can buy into the stock.

Story first published: Tuesday, December 28, 2021, 8:26 [IST]
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