As per Ace Equity, while the Indian benchmark indices during the last month have made gains to the tune of 15% and since the March lows have shown remarkable resilience. There are stocks from the BSE500 index that despite outperforming the headline indices are still trading up to 74% below their 52-week high price.
1. Sterling & Wilson Solar:
In the last month, the share price of solar EPC company surged 17% and was last trading at day's high price of Rs. 199.25, which is 74% down from its 52-week high price of Rs 780.
2. Future Retail:
The stock is in news and is rallying for quite a while on reports of RIL's likely interest in the retail company. Considering today's (June 26, 2020) day high price of Rs. 142.45, the stock of Future Retail is 71% below its 52-week high of Rs. 489.25.
3. Indian Bank:
In the last 1-month, the stock of PSB gained as much as 56%, the stock's last traded price today of Rs. 65.90 is 76% lower than its 52-week high price of Rs. 271.
4. Edelweiss Financial Services:
This brokerage and financial services firm is trading at a share price of Rs. 56.90 per share on the BSE as the LTP on June 26, 2020, which is 69% below its 52-week high of Rs 182.50.
5. Arvind Fashions:
In the last 1-month the stock jumped as much as 59%, but currently trades 76% below its 52-week high price of Rs. 733.07 per share on the BSE. LTP of the counter is Rs. 177.05