Benchmark indices are under continued selling pressure. There is a huge sell-off in shareholdings by foreign investors. Even Bluechip stocks are under selling pressure. Here are 4 quality stocks that are near their 52-week lows this week.
1. Dr Reddy’s Laboratories Ltd
Dr Reddy’s Laboratories’ shares are trading at ₹4082.20 apiece. Its 52-week low price is at ₹4,049.95 and its 52-week high is at ₹5,614.60.
It is an India-based pharmaceutical company that offers Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), biosimilars, generics and differentiated formulations. Its revenue segments include pharmaceuticals, spent chemicals, service income, scrap, licence fees and other operating revenues Presently, the USA accounts for 44% of its revenues followed by India (18%), Russia (10%) and other countries (28%). It has a market cap of 71605.86 crores.
Centrum Broking has given a buy call on Dr Reddy’s Laboratories with a target price of ₹6,100 with a time period of 1 year. This target was given on February 1st 2022.
Motilal Oswal is also bullish on the stock and has given a target price of ₹5160 in its research report dated January 29, 2022.
2. Bharat Petroleum Corp Ltd (BPCL)
BPCL’s shares are trading at 337.25 per share. Its 52-week low is at ₹336.05 and its 52-week high is at ₹503 per share.
Bharat Petroleum Corp Ltd is a public sector company that is engaged in the business of refining and marketing petroleum products. High-speed diesel accounts for 52% of its revenues followed by the motor spirit which accounts for 23.4% and Liquefied Petroleum gas accounts for 11.3%. It has a market share of 26% of the domestic petroleum market In India.
HDFC Securities gave a buy call on BPCL with a target of ₹435 achievable in one year, on 03 February 2022.
3. Shree Cement Limited
Shree Cement Limited’s shares are currently trading at ₹23196.95. Their 52 week- low is at ₹23,148.05 and their 52-week high is at ₹32,048.
The company is engaged in the manufacturing and selling of cement and related products. It is one of the lowest-cost producers in the country and the third-largest in India. The Indian market contributes 94% of its revenue.
Emkay Global has given a buy call on Shree Cements with a target price of ₹28,650 and a time period of one year. The buy call was given on February 08, 2022.
4. HDFC Life Insurance Company Ltd
Its shares are currently trading at ₹532.05. Their 52 week low is at ₹531.40 and the 52-week high is at 775.65 per share.
HDFC Life Insurance Company Ltd is engaged in the business of life insurance and investment products such as protection, pension, and savings. It has many distribution channels and is a leader in product innovation, marketing and technology. It is among the top three players in the private sector space.
ICICI Direct has given a buy call on HDFC Life Insurance with a target of ₹800 as per a research report dated January 24th 2022.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on Trade Brains are their own, and not that of the website or its management. Trade Brains advises users to check with certified experts before taking any investment decisions.
