The Indian benchmark indices have fallen nearly 3 percent in the last five trading session on various factors within the economy such as inflation concerns, foreign institutional investors (FIIs) selling stakes in companies, and also the US Dollars getting stronger in front of the Indian Rupee
Listed below are three stocks under the ‘large-cap’ category that are currently trading at a discount of up to 16 percent from their 52-week high levels:
Bharat Electronics Limited
With a market capitalization of Rs 97,731.74 crores, the stocks of Bharat Electronics Limited (BEL), manufacturing & supplying electronic equipment and other systems to the defence sector, are currently trading at Rs 133.70, gaining around 1.00 percent as compared to the previous close of Rs 132.50 apiece.
The company’s stock touched its 52-week high levels in September 2023 at Rs 147.2, and, comparing the current stock price prevailing in the capital markets, the stock portrays a discount of around 10 percent to the current levels.
Asian Paints Limited
With a market capitalization of Rs 2.97 lakh crores, the stocks of Asian Paints Limited, the largest home decor company based in India, are currently trading at Rs 3,091.90, gaining around 0.70 percent as compared to the previous close of Rs 3,071.40 apiece.
The company’s stock touched its 52-week high levels in July 2023 at Rs 3,566.9, and, comparing the current stock price prevailing in the capital markets, the stock portrays a discount of around 14 percent to the current levels.
Pidilite Industries Limited
With a market capitalization of Rs 1.20 lakh crores, the stocks of Pidilite Industries Limited, a leading manufacturer of adhesives, sealants, polymer emulsions, etc in India, are currently trading at Rs 2,354.45, gaining around 0.20 percent as compared to the previous close of Rs 2,350.80 apiece.
The company’s stock touched its 52-week high levels in December 2022 at Rs 2,796.15, and, comparing the current stock price prevailing in the capital markets, the stock portrays a discount of around 16 percent to the current levels.
Written by Amit Madnani
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