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Under Performing Stocks To Buy That Could Outperform In 2022

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Investors can often feel frustrated to see the benchmark indices and the broader markets performing, while their own stocks remain laggards. In 2021, we have seen some stocks ending the year badly, despite being leaders in their field. Here are a few under performing stocks, that could be performers in 2022.

 

Amara Raja Batteries

Amara Raja Batteries

This has been one of the stocks that has seen its share price drop over the last few months. In fact, the shares were trading at more than Rs 1,000, but, the stock has been languishing at around that Rs 625 mark for sometime now.

Those looking to build a portfolio can add the stock of Amara Raja Batteries.

The company is looking to add new emerging technologies to cater to electric vehicles and is already a leader in the lead acid battery. In fact, it has several OEMs among its clients and has a solid brand equity in the replacement market. The company has a consistent track record of paying dividends and a low equity as well.

The Amaron range of batteries of the company has carved a niche for itself. Investors with a long-term view can accumulate the stocks on declines.

LIC Housing Finance
 

LIC Housing Finance

This stock has been another rank underperformer. The stock has dipped from levels of Rs 542 to Rs 369. The quarterly numbers for the year ending Sept 30, 2021 has not been too good and ever since that we have seen prices of the stock falling.

Q2 FY22 PAT came in at Rs 247.86 crores as against Rs. 790.90 crores. Individual Home Loan Disbursements was placed at Rs.14330 crores as against Rs 10,373 crores, growth of 38 %

We believe that as economic momentum gathers steam, the company will see strong demand for home loans. However, this is likely to take a few quarters and do not expect immediate gains. Overall, we believe the stock has the potential to rally from the current levels, though investors need to be more patient for the stock to deliver. The shares are offering a dividend yield of 2.3%.

Disclaimer

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.

Read more about: stocks to buy
Story first published: Saturday, January 1, 2022, 8:20 [IST]
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