Blue-chip stocks, known for their stability and reliability, represent ownership in well-established, financially sound companies with a history of consistent performance. While these stocks are often considered less volatile than others, market fluctuations can create opportunities for investors to acquire them at attractive valuations. Here is a list of 5 blue-chip stocks currently trading at a discount of close to 20 percent from their 52-week high
Tata Consultancy Services Ltd
Tata Consultancy Services is the flagship company and a part of the Tata group. It is an IT services, consulting, and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years
With the market capitalization of Rs 13,12,099.44 crores, the company is currently trading at Rs 3,626.50, which is 21.02 percent discounted from its previous 52-week high of Rs 4,592.25. The company’s P/E ratio is 25.67, which is lower than the industry average of 35.36. The company has a high Dividend Yield of 3.60 percent. The company’s Return on equity stands at 51.24 percent.
Hindustan Unilever Ltd
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India
With the market capitalization of Rs 5,59,602.15 crores, the company is currently trading at Rs 2,381.70, which is 21.5 percent discounted from its previous 52-week high of Rs 3,035. Company’s P/E ratio is 52.61 which is lower than the industry average of 62.14.. The company has a high Dividend Yield of 2.27 percent. The company’s Return on equity stands at 21.56 percent .
Hindustan Aeronautics Ltd
Hindustan Aeronautics, a Public Sector Enterprise, is engaged in the design, development, manufacture, repair, overhaul, upgrade, and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures
With the market capitalization of Rs 2,97,263.80 crores, the company is currently trading at Rs 4,444.9, which is 21.6 percent discounted from its previous 52-week high of Rs 5674.75. The company’s P/E ratio is 34.63, which is lower than the industry average of 52.68. The company has a Dividend Yield of 0.78 percent, which is less than the ideal ratio. The company’s Return on equity stands at 27.3 percent.
Asian Paints Ltd
Asian Paints is the largest home decor company in India. The 80+ year old company has major brands like Asian Paints, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lighting, soft furnishings, and uPVC windows.
With the market capitalization of Rs 2,24,385.14 crores, the company is currently trading at Rs 2,339.30, which is 31 percent discounted from its previous 52-week high of Rs 3,394.90. Company’s P/E ratio is 56.13 which is higher than the industry average of 43.08. The company has a Dividend Yield of 1.08 percent which is less then the ideal ratio . The company’s Return on equity stands at 18.9 percent .
Bajaj Auto Ltd
Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarters are in Pune, India.
With the market capitalization of Rs 2,24,718.60 crores, the company is currently trading at Rs 8,047.0, which is 37 percent discounted from its previous 52-week high of Rs 12,774.00. The company’s P/E ratio is 28.48, which is lower than the industry average of 118.5. The company has a Dividend Yield of 1.04 percent. The company’s Return on equity stands at 23.79 percent.
Written By Likesh Babu S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
