Stocks To Buy: 7 Mid & Small Cap Shares That Have Plunged To 52-Week Lows

Markets have been extremely volatile this week, with the RBI Policy and inflation data scheduled in the US.

Here are 7 stocks that have hit 52-week lows and some of these could be interesting stocks to buy

Company name	Current market price	52-Week low
Aurobindo Pharma	530	511
Bajaj Consumer Care	137.5	134.6
Lux Industries	1900	1859
NMDC	122	119.5
Muthoot Capital	180.5	179.5
Power Finance	108.55	104.55
The Ramco Cements	602	615

Aurobindo Pharma and Power Finance remain top picks

We believe that the fall in the share price of Aurobindo Pharma and Power Finance have made these stocks attractive to buy. In fact, ICICI Securities recently placed a buy call on Aurobindo Pharma with a price target of Rs 629 on the stock. There are few reasons why the company's stock could move higher and the biggest is the potential split in the injectables. Apart from this we have seen over the years, the company's ANDA line-up is very strong, compared to most peers. The company has also been managing debt well. The stock is reasonably priced in terms of price to earnings ratio at 21 times, though the unlocking value in the injectables business, makes for a potential upside in the stock. The other stock we believe is a good buy is the stock of Power Finance. This is for one big reason and that is the dividend yields that it offers at more than 10%. Interestingly, we believe that the dividends are unlikely to be reduced and the consistency would be maintained.

Lux Industries is a buy on decline stock

Lux Industries did not have a great quarter for March 31, 2022. Net profits were down 19%, when compared to the previous year. The net profit margins also saw some erosion. However, the stock has nearly halved from 52-week highs, which is one reason to recommend the stock. The other being a solid reach that the company has along with the Lux Brand. The company is also focusing on many new initiatives, including online, where it hopes to achieve Rs 100 crores in revenues over the next 3-years. All in all, the sharp fall in the price of the stock from levels of Rs 4654 to Rs 1860, the stock has become attractive. The price to earnings ratio on a trailing basis has now dipped to Rs 16 times, which is not very expensive. We believe that the stock can be added to the portfolio on dips at around the 1800 levels.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.