7 Stocks At Their 52-week Lows, Should You Buy These Stocks

Markets are buoyant, with the indices now having gained ground over the last few months. At the present 58,400 points on the Nifty, the markets seem fairly valued. Here are 9 stocks that are at 52-week lows. Let's tell you whether you should buy these stocks a little later.

Stocks at their 52-week lows

Stock Name	Current market price	52-week lows
Alembic Pharma	672	667
Zensar	232	222
Investment and Precision	213	206
Nalin Leasing	26	23.55
S M Gold	62	56.65
Globe Commercials	11.45	11.45
Kushal	2.83	2.83

Should you buy these stocks at 52-week lows?

We do not recommend any of these stocks to buy, given that the markets have rallied a significant bit from lows seen earlier this year. In any case, we have not analyzed any of the shares and our own belief is that stocks do not become cheaper, just because they are locked at the lower end of the circuit filter. In some cases, if there is structural change that happens in a company it could alter the fundamentals over the long-term and even good quality stocks could turn penny stocks. Therfore, it is important to analyze the stock before buying.

Markets are evenly balanced at the moment

In any case, the markets after the sharp run-up are evenly balanced at the moment. With 20 times on the Nifty, the markets are not very cheap. It is hence advised that investors be cautious before investing large sums. Apart from this, interest rates have also been moving higher, after the Reserve Bank of India has raised interest rates by a hefty 1.4% this year. Most bank Fds are also turning attractive and investors now also have the option apart from equities.

Look for quality companies before investing

We would suggest investors to partially invest in large cap companies at this juncture. Some of the stocks big banking name like HDFC Bank and ICICI Bank still look attractive. Though the stocks of these companies have risen, we believe that there still exists a potential. Apart from this, several brokerages houses have come-up with stock recommendations, which investors could consider for the long-term.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. Markets have rallied significantly in the last few weeks and hence downside risks to the markets exist.