The markets were deep in the red on the first session of the week. Domestic benchmark indices struggled throughout as foreign investors remained net sellers for the eighth day in a row. The Nifty 50 is currently standing at 17,044.05 points showing an upside of 0.33% today. Moreover, Sensex currently stands at 57,762.49 points with an upside of around 0.23%.
After being on a losing streak for 5 consecutive sessions, today the scenarios for the markets have finally changed and trading in green today. Listed below are four fundamentally strong stocks that are trading near their 52-week low today:
Reliance Industries Limited
The company’s stock trades today at Rs 2,263.90 with an upside of around 2.8 percent. In the last trading session, the stock was trading near its 52-week low figures.
Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in the country. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail and digital services.
The profitability ratios of the company have been improving YoY with ROCE moving from 8.76 percent in FY20-21 to 9.86 percent in FY21-22. The debt to equity ratio is also showing a positive picture with a reduction from 0.38 in FY20-21 to 0.34 in FY21-22. Operating profit figures have moved up from Rs 31,224 crores in Q2 to Rs 35,247 crores in Q3.
Wipro Limited
The company’s stock trades today at Rs 368 with a flat movement of around 0.23 percent. In the last trading session, the stock was trading near its 52-week low figures.
Wipro Limited is a leading technology services and consulting company that is mainly focused on building innovative solutions that address clients’ most complex digital transformation needs.
The profitability ratios of the company have been improving YoY with ROE moving from 19.8 percent in FY20-21 to 20.5 percent in FY21-22. Operating profit figures have moved up from Rs 3,941.5 crores in Q2 to Rs 4,547.4 crores in Q3.
CDSL
The company’s stock trades today at Rs 965.40 with an upside of around 1.5 percent. In the last trading session, the stock was trading near its 52-week low figures.
Central Depository Services Limited is involved in providing services to all market participants – exchanges, clearing corporations, depository participants (DPs), issuers and the investors. It is a facilitator for holding of securities in dematerialized form and enables securities transactions.
The profitability ratios of the company have been improving YoY with ROCE moving from 32.42 percent in FY20-21 to 41.62 percent in FY21-22. The ROE figures are also showing a positive picture with a movement from 25.14 percent in FY20-21 to 31.8 percent in FY21-22.
Jubilant FoodWorks Limited
The company’s stock trades today at Rs 447 with an upside of around 2.8 percent. In the last trading session, the stock was trading near its 52-week low figures.
Jubilant FoodWorks Limited is part of the Jubilant Bhartia Group and is one of India’s largest food service Companies. It holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin’ Donuts which is addressing two different food market segments. The Company also launched its first homegrown brand in the Chinese cuisine segment.
The profitability ratios of the company have been improving YoY with ROCE moving from 36.79 percent in FY20-21 to 42.95 percent in FY21-22. The ROE figures are also showing a positive picture with a movement from 18.18 percent in FY20-21 to 25.54 percent in FY21-22.
Written by Amit Madnani
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.
