The Nifty50, a key benchmark index of the Indian stock market, reflects the performance of 50 of the largest and most liquid companies listed on the NSE. As of now, the index is trading near the 24,800 level, showcasing strong momentum despite global uncertainties and domestic fluctuations.
Amid this rally, 7 Nifty50 stocks are currently trading at a steep discount, nearly 46 percent below their 52-week high. These undervalued stocks may offer potential long-term opportunities and are worth adding to your watchlist.
Here are the seven Nifty50 stocks trading at a discount of up to 46 percent from their 52-week high
IndusInd Bank Limited
With a market capitalization of Rs. 63,391.78 crore, the shares of IndusInd Bank Limited were currently trading at Rs. 813.70 per equity share, down nearly 1.21 percent from its previous day’s close price of Rs. 823.70.
The stock is currently trading at a discount of 45.71 percent from its 52-week high of Rs. 1,498.70. Over the past five years, the stock has provided returns of more than 55.41 percent.
IndusInd Bank Limited was established in April 1994 and is a major private sector bank headquartered in Mumbai. It provides a wide range of retail and corporate banking services, including loans, deposits, and investment solutions, serving millions of customers nationwide and internationally.
Tata Motors Limited
With a market capitalization of Rs. 254,461.41 crore, the shares of Tata Motors Limited were currently trading at Rs. 691.15 per equity share, up nearly 0.56 percent from its previous day’s close price of Rs. 687.30.
The stock is currently trading at a discount of 41.38 percent from its 52-week high of Rs. 1,179.05. Over the past five years, the stock has provided impressive returns of more than 560.27 percent.
Tata Motors Limited was established in 1945 and is a leading Indian automotive manufacturer. The company designs, manufactures, and sells a wide range of vehicles, including cars, utility vehicles, buses, trucks, and defense vehicles.
Trent Limited
With a market capitalization of Rs. 180,772.48 crore, the shares of Trent Limited were currently trading at Rs. 5,085.20 per equity share, up nearly 0.87 percent from its previous day’s close price of Rs. 5,041.15.
The stock is currently trading at a discount of 39.07 percent from its 52-week high of Rs. 8,345.85. Over the past five years, the stock has provided impressive returns of more than 811.84 percent.
Trent Limited was established in 1952 and is a retail arm of the Tata Group. It operates popular retail chains like Westside, Zudio, and Star, offering apparel, accessories, and lifestyle products across India.
Bajaj Auto Limited
With a market capitalization of Rs. 227,069.95 crore, the shares of Bajaj Auto Limited were currently trading at Rs. 8,131.20 per equity share, up nearly 0.83 percent from its previous day’s close price of Rs. 8,064.05.
The stock is currently trading at a discount of 36.34 percent from its 52-week high of Rs. 12,772.15. Over the past five years, the stock has provided impressive returns of more than 170.49 percent.
Bajaj Auto Limited was established in 1945 and is headquartered in Pune. The company is a leading Indian manufacturer of motorcycles, scooters, and three-wheelers. It serves domestic and international markets with innovative, high-quality automotive products and solutions.
Tata Consultancy Services Limited
With a market capitalization of Rs. 11,22,511.65 crore, the shares of Tata Consultancy Services Limited were currently trading at Rs. 3,102.50 per equity share, down nearly 1.02 percent from its previous day’s close price of Rs. 3,134.35.
The stock is currently trading at a discount of 32.35 percent from its 52-week high of Rs. 4,585.90. Over the past five years, the stock has provided returns of more than 35.94 percent.
Tata Consultancy Services Limited (TCS) was established in 1968 and is a global IT services and consulting company. It offers software development, digital solutions, and business process outsourcing to clients across various industries worldwide.
Hero MotoCorp Limited
With a market capitalization of Rs. 85,634.73 crore, the shares of Hero MotoCorp Limited were currently trading at Rs. 4,281.40 per equity share, up nearly 1.23 percent from its previous day’s close price of Rs. 4,229.35.
The stock is currently trading at a discount of 31.44 percent from its 52-week high of Rs. 6,245. Over the past five years, the stock has provided returns of more than 60.01 percent.
Hero MotoCorp Limited was established in 1984 and is headquartered in New Delhi as a joint venture between Hero Group and Honda, and is India’s largest two-wheeler manufacturer. It produces motorcycles and scooters, serving domestic and 47 international markets globally.
Asian Paints Limited
With a market capitalization of Rs. 226,658.44 crore, the shares of Asian Paints Limited were currently trading at Rs. 2,363 per equity share, up nearly 1.17 percent from its previous day’s close price of Rs. 2,335.65.
The stock is currently trading at a discount of 30.38 percent from its 52-week high of Rs. 3,394. Over the past five years, the stock has provided returns of more than 37.66 percent.
Asian Paints Limited was established in 1942 and is India’s largest and Asia’s third-largest paint company. It manufactures and distributes paints, coatings, home décor products, bath fittings, and related services, operating in over 15 countries globally
Written By – Nikhil Naik
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