8 Quality Mid & Small Caps Falling To 52 Week Lows, Should You Buy?

Markets have been trading in that narrow range for a while now. The Sensex has been hovering around the 60,000 levels mark. However, there are several stocks that have fallen to 52-week lows.

List of stocks at 52-week lows from the mid and small cap space

Name of company	Current market price	52-week low price
BASF	2305	2305
Dollar Industries	382	377.60
HDFC Life	482.95	473.70
Heritage Foods	152	143.15
Metropolis Healthcare	1287.45	1190.40
Roopa & Company	258.90	258
Thyrocare Technologies	491	492.10
Nippon Life	228	226.80

Brokerages place a “buy” call on the stock of Nippon Life

Select stocks like Nippon Life have been recommended as a "buy" by several brokerage firms. Foreign brokerage firm Haitong has a "buy" call on the stock of Nippon life with a target price of Rs 347 in its latest brokerage report. "We maintain our outperform rating on Nippon Asset Management Company and value it using a three stage dividend discount model. We reduce our target price slightly from Rs 350 to Rs 347," it had said in its report. Baroda Capital too had a buy call on the stock of Nippon Life with a price target of Rs 347.

What about the other stocks at 52-week lows, should you buy?

There were not too many brokerage reports on the other stocks and we generally don't make any buy calls. However, select stocks have fallen on account of some or the other reason, including changing fundamentals. Stocks like Dollar Industries have fallen on worries that margins could be eroded following a sharp increase in the price of cotton. HDFC Life has fallen sharply on the back of budgetary recommendations which could impact the profitability of the sector going forward. The stock has seen a serious downturn since the Union Budget was declared. However, the company has a strong and proven track record. Overall, if the markets fall than these stocks could fall even further. Roopa & Company is another stock like Dollar which has fallen on account of worries over margins. In fact, the stock of Lux Industries too is very close to its 52-week low.

Disclaimer

Please note, this article only provides information on the stocks at 52-week lows. It is not a call on the "buy", "sell" or "hold". The Nippon Life stock has been picked from the brokerage report of Haitong. However, neither the author, nor the brokerage house, nor Greynium Information Technologies should be held responsible for losses incurred based on the above article.