In the recent stock market, a good number of quality stocks have become available at discounted prices. So, there is good news for the positional investors who are looking for quality stocks available at a discounted price. Nearly a dozen blue-chip stocks have hit or near their 52-week lows. If their fundamentals satisfy investor confidence, then these stocks can be a good bet in the current market scenario.
Here we are 5. let’s list blue-chip stock The selloff in the market recently hit a new 52-week high:
1]Naukri or Info Edge: This blue-chip stock has shown some upside in a pull back rally today. But job shares hit a new 52-week low in yesterday’s session 3500 on NSE. Over the past month, the stock of this new-age company has corrected close to 25 per cent, while in YTD time, it has fallen over 35 per cent. Looking at the highest level of his lifetime 7,465.40 per share that it made in October 2021, the midcap stock has fallen over 50 per cent.
2]Amara Raja Battery: Yesterday, the stock hit a new 52-week low of . reached at 493.50 each on NSE. The blue-chip stock has lost more than 10 per cent in the past one month while the stock has nearly fallen in 2022. from 640 510 levels, a drop of about 20 percent this year. compared to its 52-week high The stock of 816 has lost nearly 37 percent on NSE.
3]PNB Housing: Shares of this blue-chip company have fallen close to 20 per cent in the last one month while the share price of PNB Housing has almost fallen in 2022. from 490 325 level, fell close to 35 per cent this year. compared to its 52-week high 925, this stock is currently at a discount of about 65 percent.
4]RBL Bank: This banking stock has been going through a sell-off phase since last one month. The share price of RBL Bank has almost come down in the last one month. 130 to 114, down by about 13 per cent over the period. However, the shares of RBL Bank have lost nearly 45 per cent in the last 6 months. Recently, this banking stock has hit . made its new 52-week low 100.80, down about 55 percent from its 52-week high 226.40 per share on NSE.
5]ICICI Securities: The stock price of the brokerage company has fallen about 25 per cent in the last one month, while in 2022 this stock has fallen by about 40 per cent. Share price of ICICI Securities recently hit its 52 week low 462.20, down nearly 48 percent from its 52-week high 496 each level.