The stock market in India has taken a severe hit in 2022. The market index Nifty50 has corrected by around 15% from its 52-week high and the majority of the Indian stocks have been hammered because of rising inflation, weak global economic outlook, and the prolonged Russia-Ukraine war. However, amid chaos, there are also opportunities.
Here are 14 high-quality stocks that are trading near their 52-week low and their expectations by the analysts:
1. HDFC Bank
HDFC Bank Limited, incorporated in August 1994, is the largest publicly held private bank in India with a market cap of Rs 716,641.13 Cr. It was amongst the first to receive an In-principle approval from the RBI to set up a bank in the private sector and is engaged in providing a range of banking and financial services including retail banking, wholesale banking, and treasury operations. Recently, HDFC Bank announced its merger with the parent group ‘HDFC Ltd’.
HDFC Bank’s stock is currently trading at the share price of Rs 1,290 with the 52-week low price of Rs 1,287. The stock has declined over -14.95% so far in 2022 YTD and plunged by -25.13% from its 52-week high.
LKP Securities has given a ‘BUY’ call on HDFC Bank with a target price of Rs 1,831. Axis direct has also set a target of Rs 1,960 on this stock.
2. CAMS
Computer Age Management Services Limited, incorporated in 1988, is a mutual fund transfer agency to Indian asset management companies. It provides distributor, and asset management companies (AMC) services.
CAMS stock is currently trading at the share price of Rs 2,150 with the 52-week low price of Rs 2,141. The stock has declined over -21.25% so far in 2022 YTD and plunged by -47.10% from its 52-week high.
ICICI Direct has given a ‘BUY’ call for a Target price of Rs 2,760 on CAMS shares, whereas HDFC Securities has set a target price of Rs 2,885.
3. InfoEdge India
Info Edge Limited is an Indian internet company, founded by Sanjeev Bikhchandani in 1995. It owns naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services) and acts as an investor and has invested in many start-ups in the online space like Zomato.
Info Edge India stock is currently trading at the share price of Rs 3,464 with the 52-week low price of Rs 3,450. The stock has plunged by -53.58% from its 52-week high.
ICICI Direct has given a buy call on Info Edge (India) with a target price of Rs 5800 and a time period given of one year when Info Edge (India) Ltd.’s price can reach the defined target.
4. SAIL
Steel Authority of India Limited is a government-owned steel producer based in India. is one of the largest steel-making companies, comes under as one of the Maharatnas, and is under the ownership of the Ministry of Steel, Government of India. SAIL manufactures and sells a broad range of steel products and produces iron and steel at five integrated plants and three special steel plants
SAIL stock is currently trading at the share price of Rs 79.70 with the 52-week low price of Rs 79.35. The stock has declined over -27.84% so far in 2022 YTD and plunged by -45.35% from its 52-week high.
5. Voltas
Voltas, incorporated in 1954 as a collaboration between Tata Sons and Volkart Brothers, is an Indian large cap air conditioner company that manufactures home appliances and specializes in air conditioning and cooling technology. It has a market cap of Rs 31,506.84.
Voltas stock is currently trading at the share price of Rs 932 with the 52-week low price of Rs 928. The stock has declined over -24.43% so far in 2022 YTD and plunged by -31.26% from its 52-week high.
HDFC Securities has given a BUY call for Voltas with a target price of Rs 1,150.00 and ICICI direct has given a ‘HOLD’ call with a target price of 1120.00. Edelweiss is also bullish on Voltas with a target price of Rs 1,246.00.
6. Dr Lal Pathlabs
Dr. Lal PathLabs Limited is a midcap public company and India’s leading consumer healthcare brand in diagnostic services. It offers a broad range of tests on blood, urine, and other human body viscera.
Dr Lal Pathlabs stock is currently trading at the share price of Rs 2,285 with the 52-week low price of Rs 2,265. The stock has declined over -40.56% so far in 2022 YTD and plunged by -46.14% from its 52-week high.
7. HDFC AMC
HDFC Asset Management Company (HDFC AMC) is one of the largest AMCs in India and is promoted by HDFC Ltd and Standard Life. It offers a large suite of savings and investment products across asset classes including PMS, global and domestic institutional investor services, provident fund services, and more.
HDFC AMC’s stock is currently trading at the share price of Rs 1,771 with the 52-week low price of Rs 1,775. The stock has declined over -28.59% so far in 2022 YTD and plunged by -47.33 from its 52-week high.
ICICI Direct has given a ‘BUY’ call for HDFC AMC’s share with a target price of Rs 2,400.
8. Nestle India
Nestle India Limited is a subsidiary of Nestle, a Swiss MNC, and operates in the Food segment. It is a large-cap company with a market cap of Rs 159,246.95 Cr. Nestle India manufactures products under brand names such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid, Nestea, Nestle Everyday Dairy Whitener, Nestle Everyday Ghee, Nestle Milk, Nestle Slim Milk, and Nestle Dahi and many more dairy and nutrition products. As of Dec 2021, the parent company holds a 62.76% stake in the company.
The stock is currently trading at a share price of Rs 16,407 with a 52-week low of Rs 16,245. Nestle India shares have plunged by -16.76% so far in 2022 YTD.
ICICI Direct has given a ‘Hold’ call on Nestle India with a target price of Rs 19,050. The time period given by the analyst is one year when Nestle India Ltd.’s price can reach the defined target. Geojit PNB Paribas has also provided a ‘Hold’ call on Nestle India with the target price of Rs 19,380.00.
9. Dabur
Dabur India is a large-cap FMCG company in India dealing in consumer care and food products. It is the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal and Ayurvedic products.
Dabus stock is currently trading at the share price of Rs 500 with the 52-week low price of Rs 494. The stock has declined over -13.89% so far in 2022 YTD and plunged by -24.00% from its 52-week high.
Geojit PNB Paribas has given a ‘BUY’ call on Dabur with a target price of Rs 560 and HDFC Securites has set a target of Rs 550. ICICI Direct is also bullish on Dabur with a target price of Rs 680.
10. Wipro
Wipro Ltd is an Indian IT Gaint company that operates in Information technology, consulting, and business process services (BPS). It is the 4th largest Indian player in the global IT services industry.
Wipro stock is currently trading at the share price of Rs 468 with the 52-week low price of Rs 462. The stock has declined over -34.77% so far in 2022 YTD and plunged by -36.67% from its 52-week high.
ICICI Direct has given a buy call on WIPRO with a target price of Rs 575 and IDBI Capital has given a buy call at Rs 560 for Wipro.
11. Jubilant Foodworks
Jubilant FoodWorks Limited is one of India’s largest food service companies and holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin’ Donuts. It operates for Domino’s Pizza in India, Nepal, Sri Lanka, and Bangladesh, for Popeyes in India, Bangladesh, Nepal and Bhutan, and also for Dunkin’ Donuts in India.
Jubilant FoodWorks stock is currently trading at the share price of Rs 475 with the 52-week low price of Rs 462. The stock has declined over -35.08% so far in 2022 YTD and plunged by -48.09% from its 52-week high.
12. Shree Cements
Shree Cement is a large-cap cement company in India and is engaged in the manufacturing and selling of cement and cement related products. It is the 3rd largest cement producer in India.
Shree Cement stock is currently trading at the share price of Rs 22,430 with the 52-week low price of Rs 21,667. The stock has declined over -17.50% so far in 2022 YTD and plunged by -28.66% from its 52-week high.
13. Indigo
Interglobe Aviation Ltd (Indigo) is a large-cap airline company in India and operates as a low-cost aviation carrier with a 53.5% domestic market share as of October 2021. IndiGo commenced operations in August 2006 with a single aircraft.
Indigo stock is currently trading at the share price of Rs 1,623 with the 52-week low price of Rs 1,556. The stock has declined over -19.44% so far in 2022 YTD and plunged by -31.75% from its 52-week high.
14. Tata Steel
Tata Steel Limited is a large-cap steel-making company in India and part of the Tata Group. It is Asia’s first integrated private steel company set up in 1907.
Tata Steel stock is currently trading at the share price of Rs 1,096 with the 52-week low price of Rs 1050. The stock has plunged by -28.55% from its 52-week high.
Geojit BNP Paribas has given a ‘Buy’ call for Tata Steel with a target price of Rs 1,466; BOB Capital Markets has set a target price of Rs1,700, and ICICI Direct is also bullish on Tata Steel with a target price of Rs 1,600.
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