The markets have shown a bearish trend of late. While the Nifty is trading at a 17 % low from its all-time high, due to the retaliating traffic wars between the global power nations around the world.
Here is a list of a few fundamentally strong stocks that have likely entered into a bear market, by trading below 50 percent from their 52-week high levels.
Tata Motors Limited
Tata Motors is a global automobile manufacturer under the conglomerate, the Tata Group, the company has a wide range of portfolios including cars transport vehicles buses, and defense utility vehicles.
With a market capitalization of Rs.2,25,979 crores, The company is currently trading at a price level of Rs.563.85 around 11 p.m. on Monday 7th April which is about 52.24 percent down from its 52-week high of Rs.1,179.00. major reason for the fall is due to the introduction of a 25 percent tariff on imported vehicles by US President Donald Trump, a pause of JLR sales to the USA, and many more.
Adani Green Energy Limited
Adani Green Energy Limited, the holding company for its renewable power subsidiaries, is a leading player in India’s renewable energy sector, managing a substantial project portfolio. the group and is primarily involved in renewable power generation and other ancillary activities
With a market capitalization of Rs 1,46,372 crores, The company is currently trading at a price level of Rs.874.80 around 11 p.m. on Monday 7th April which is about 59.82 percent down from its 52-week high of Rs.2,174.10. a major reason for the fall is the mounting regulatory pressures on the Adani group and various other reasons
Adani Total Gas Limited
Adani Total Gas Limited is a City Gas Distribution company, providing natural gas to a diverse customer base including residential, commercial, industrial, and transportation sectors. In addition, AGL is investigating expansion into related areas such as biogas, hydrogen, electric vehicles, and the manufacturing of CGD-related equipment and value-added services.
With a market capitalization of Rs 65,070 crores, The company is currently trading at a price level of Rs.566.00 around 11 p.m. on Monday 7th April which is about 52.65 percent down from its 52-week high of Rs.1190.00. a major reason contributing to the decline is the reduction of APM-priced domestic gas allocation and many other reasons.
Vodafone Idea Limited
Vodafone Idea, a leading Indian telecom company, offers mobility, long-distance, and enterprise services, alongside handsets and data cards it is the third-largest wireless operator in the country. the Company, a partnership between two strong promoters Aditya Birla Group India and Vodafone Group UK.
With a market capitalization of Rs 56,471 crores, The company is currently trading at a price level of Rs.7.25 around 11 p.m. on Monday 7th April which is about 61.89 percent down from its 52-week high of Rs.19.18. a major reason is due to the high debt on the company.
Written By Likesh Babu S
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