The year 2022 has been not kind to the stock market so far amid the ongoing Russia-Ukraine war crisis and global sell that has affected many sectors. Even the top growth stocks and market leaders are not spared in this market correction.
This has resulted in true opportunities for the stock market investors to get hands-on their favorite stocks at discount. Here are seven top growth stocks that are trading at discount in the Indian stock market.
Hero Motocorp Ltd
Hero Motocorp is a large cap stock in the two-wheeler automobile segment with a market cap of Rs 46,210.51 Cr. It is a leader in the two-wheeler segment with a market share of over 35%.
The stock is currently trading at Rs 2,313.00 with a PE TTM of 17.88. It recently touched its 52-week low of Rs 2,301.10 and declined around -51% from its 52-week high of Rs 3,491.
HDFC Ltd
Housing Development Finance Corporation Ltd is a blue-chip stock with a market cap of Rs 402,211.51 Cr and operates in the housing finance industry. The stock is constantly ranked among the top 10 biggest companies in India by market cap.
HDFC stock is currently trading at Rs 2,219.00 with a PE TTM of 18.72. It recently touched its 52-week low of Rs 2,203.00.
Mahindra & Mahindra Limited
M&M is another leader in the automobile segment and one of India’s largest vehicle manufacturers by production. It has a market cap of Rs 91,014.13 Cr.
M&M stock is currently trading at Rs 732.60 with a PE TTM of 16.82. It recently touched its 52-week low of Rs 724.65 and declined around -33.63% from its 52-week high of Rs 979.00.
Eicher Motors Ltd
Eicher motors is another large cap growth stock that is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. It is a leader in luxury bikes in India. This automobile stock has a market cap of Rs 63,963.23 Cr.
The stock is currently trading at Rs 2,338.00 with a PE TTM of 40.16. It recently touched its 52-week low of Rs 2,300.00.
Shree Cement Ltd
Shree Cement Ltd is a cement and construction material stock that has a market cap of Rs 81,198.28 Cr. Headquartered in Kolkata, it is one of the biggest cement makers in Northern India.
Its stock is currently trading at Rs 22,550.00 with a PE TTM of 32.86. It recently touched its 52-week low of Rs 22,116.65 and has declined over -42% from its 52-week high of Rs 32,048.00.
Hindustan Unilever Ltd
Hindustan Unilever Ltd operates as the market leader in the FMCG sector focused on household and personal care products. It is a large cap stock with a market cap of Rs 474,593 Cr.
The stocks are currently trading at Rs 2,019.50, with a TTM PE of 54.17. HUL recently touched the 52-week low of Rs 975.25 and has tanked over 12% within a month. It has a 52-week high of Rs 2,859.30.
HDFC Bank
HDFC bank is a leader in the Private Banking sector. It is a large-cap stock with a market cap of Rs 757,610.16 Cr.
The stocks are currently trading at Rs 1,366.50, with a TTM PE of 21.02. HDFC Bank has a 52-week low of Rs 1,336.90 and a 52-week high of Rs 1,725.00. The stock has tanked over 10% within a month.
Disclaimer
The content in this news article is not investment advice. 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.
