The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). It was launched on 22nd April 1996, with a base value of 1,000 set on 3rd November 1995.
In Friday’s trading session, the benchmark index closed on a positive note. The NIFTY 50 increased by about 63.2 points, marking an increase of nearly 0.27 percent, and ended the day in the green at 23,813.4. Over the last five trading sessions, the index recorded a drop of about 0.41 percent.
Following are a few Nifty 50 stocks that are currently trading at a discount of more than 25 percent:
1. Tata Consumer Products Limited
With a market cap of Rs. 89,734 crores, the stock surged by around 0.66 percent on NSE to Rs. 906.9 on Friday. The stock has delivered negative returns of nearly 16 percent YTD and around 5.54 percent in one month.
The stock hit its 52-week high at Rs. 1,254.36 on 7th March, and compared to its Friday’s closing price of Rs. 900.85, this Nifty 50 stock is trading at a discount of nearly 28 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 13 percent to Rs. 4,214 crores in Q2 FY25, accompanied by around 1 percent of marginal rise in net profit to Rs. 367 crores.
Tata Consumer Products Limited is engaged in the trading, production and distribution of consumer products mainly tea, coffee, water, salt, pulses, spices, snacks, ready-to-eat packaged food products etc. collectively termed as branded business.
2. Oil & Natural Gas Corporation Limited
With a market cap of Rs. 2,98,278 crores, the stock fell by around 1.31 percent on NSE to Rs. 237.1 on Friday. The stock has delivered positive returns of nearly 15.46 percent YTD and around 6.76 percent decline in one month.
The stock hit its 52-week high at Rs. 344.6 on 1st August, and compared to its Friday’s closing price of Rs. 240, this Nifty 50 stock is trading at a discount of nearly 30 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 7.3 percent to Rs. 1,58,329 crores in Q2 FY25, but a decline of around 39 percent in net profit to Rs. 9,878 crores.
ONGC is engaged in the business of exploration, development and production of crude oil, natural gas and value-added products.
3. Hero MotoCorp Limited
With a market cap of Rs. 84,832 crores, the stock fell by around 0.78 percent on NSE to Rs. 4,241.65 on Friday. The stock has delivered positive returns of nearly 2.99 percent YTD and around 12.92 percent decline in one month.
The stock hit its 52-week high at Rs. 6,245 on 24th September, and compared to its Friday’s closing price of Rs. 4,283.95, this Nifty 50 stock is trading at a discount of nearly 32 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 10 percent to Rs. 10,483 crores in Q2 FY25, accompanied by around 6 percent rise in net profit to Rs. 1,066 crores.
Hero MotoCorp Limited, a leading two-wheeler manufacturer, is engaged in the business of manufacturing and selling of motorised two-wheelers, spare parts and related services.
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4. Asian Paints Limited
With a market cap of Rs. 2,18,097 crores, the stock surged by around 0.5 percent on NSE to Rs. 2,273.75 on Friday. The stock has delivered negative returns of nearly 33.05 percent YTD and around 8.75 percent in one month.
The stock hit its 52-week high at Rs. 3,422 on 29th December 2023, and compared to its Friday’s closing price of Rs. 2,261.4, this Nifty 50 stock is trading at a discount of nearly 34 percent.
The company experienced a marginal decline in its revenue from operations, showing a year-on-year fall of around 5.3 percent to Rs. 8,028 crores in Q2 FY25, accompanied by around 43.6 percent decline in net profit to Rs. 694 crores.
Founded in 1942, Asian Paints stands as the number-one player in integrated home décor, decorative lighting, fabric, and furnishing.
5. IndusInd Bank Limited
With a market cap of Rs. 74,321 crores, the stock surged by around 2.37 percent on NSE to Rs. 954 on Friday. The stock has delivered negative returns of nearly 40.33 percent YTD and around 4.79 percent in one month.
The stock hit its 52-week high at Rs. 1,694.35 on 15th January, and compared to its Friday’s closing price of Rs. 932.15, this Nifty 50 stock is trading at a discount of nearly 45 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 13 percent to Rs. 12,686 crores in Q2 FY25, but a decline of around 39.5 percent in net profit to Rs. 1,331 crores.
Incorporated in 1994, IndusInd Bank is engaged in providing a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations.
Written by Shivani Singh
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