Synopsis:
Several Nifty 500 stocks, including Akums Drugs, BHEL, and Reliance Power, are trading significantly below their 52-week highs, highlighting market-wide corrections and sector-specific challenges, while presenting potential opportunities for value-focused investors.
Amid recent market corrections, several Nifty 500 stocks are trading well below their 52-week highs, reflecting both broader market pressures and sector-specific challenges. Notable examples include Akums Drugs, BHEL, and Reliance Power, which present potential value-buy opportunities for long-term investors.
Akums Drugs & Pharmaceuticals Ltd
Akums Drugs & Pharmaceuticals Ltd is India’s largest Contract Development and Manufacturing Organization (CDMO), it offers a comprehensive range of pharmaceutical, nutraceutical, and cosmetic products. With 12 state-of-the-art manufacturing units and four R&D centers, Akums produces over 4,100 commercialized formulations across various dosage forms, including tablets, capsules, injectables, and gummies.
With market capitalization of Rs. 7,306 cr, the shares of Akums Drugs & Pharmaceuticals Ltd are closed at Rs. 462.25 per share, from previous close of Rs. 466.20 per share. The stock fell 51%, from its 52 week high of Rs. 942 per share to Rs. 462.25.
Bharat Heavy Electricals Limited (BHEL)
Bharat Heavy Electricals Limited (BHEL) is India’s largest state-owned engineering and manufacturing enterprise. A pioneer in the country’s heavy electrical equipment industry, BHEL designs, manufactures, and services a wide range of products and systems for sectors such as power generation (thermal, hydro, gas, nuclear, and solar), transmission, transportation, defense, aerospace, oil and gas, and emerging areas like battery energy storage systems and electric vehicle chargers.
With market capitalization of Rs. 75,056 cr, the shares of Bharat Heavy Electricals Limited are closed at Rs. 214.52 per share, from its previous close of Rs. 216.68 per share. The stock fell 26%, from its 52 week high of Rs. 291 per share to Rs. 214.52.
Reliance Power Ltd
Reliance Power Limited is a prominent Indian energy company under the Reliance Group led by Anil Ambani. The company focuses on developing, constructing, and operating power projects both domestically and internationally. Its portfolio includes thermal, hydro, and renewable energy projects, with a combined capacity of approximately 5,945 MW, comprising 5,760 MW from thermal sources and 185 MW from renewable energy.
With market capitalization of Rs. 18,954 cr, the shares of Reliance Power Ltd are closed at Rs. 46.63 per share, from its previous close of Rs. 46.17 per share. The stock fell 39%, from its 52 week high of Rs. 76.5 per share to Rs. 46.63.
Welspun Living Ltd
Welspun Living Ltd is a prominent Indian textile manufacturer headquartered in Mumbai, specializing in home textile products such as bed linen, terry towels, rugs, and yarn. Established in 1985 by Balkrishan Goenka, the company was formerly known as Welspun India Ltd and is a part of the Welspun Group. Under the leadership of CEO and Managing Director Dipali Goenka, Welspun Living has expanded its global presence, operating brands like Christy, Spaces, and Welhome.
With market capitalization of Rs. 11,100 cr, the shares of Welspun Living Ltd are closed at Rs. 114.25 per share, from its previous close of Rs. 114.17 per share. The stock fell 39%, from its 52 week high of Rs. 188 per share to Rs. 114.17.
Praj Industries Ltd
Praj Industries Ltd is a leading Indian engineering and biotechnology company headquartered in Pune, specializing in sustainable solutions across bioenergy, high-purity water systems, critical process equipment, and industrial wastewater treatment. The company is recognized for its contributions to the bioeconomy, offering technologies in biofuels, including ethanol, compressed biogas, and sustainable aviation fuel (SAF).
With market capitalization of Rs. 7,176 cr, the shares of Praj Industries Ltd are closed at Rs. 389.60 per share, from its previous close of Rs. 396.80 per share. The stock fell 54%, from its 52 week high of Rs. 875 per share to Rs. 396.80.
Written by Manideep Appana
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