Due to geopolitical concerns, inflationary pressures, and rising bond rates, stock markets have been volatile in recent times, and this is expected to continue. The BSE Sensex is stock is trading at 54,303.44, down about 5% from its record low, while a Nifty is down 4.85% out of its low.
Due to geopolitical concerns, rising inflation, and growing bond rates, stock markets have been volatile in recent times, and this is expected to continue.
The BSE Sensex is stock is trading at 54,303.44, down about 5% from its 52-week low, whereas the Nifty is down 4.85% from its low.
As a consequence, after most equities reach all-time lows, the ensuing corrective period may tempt you to buy on the cheap. So, here are 3 bluechip stocks to keep an eye on next week that are trading at a discount of more than 30% to their 52-week high.
One of the IT behemoths, Tech Mahindra, has a market capitalisation of 107,936.06 crore. On the NSE, the stock’s latest trading price was 1,110.25, down 2.51% from its earlier estimate.
In the last five trading days, the stock has down 1.08 percent, and in the last month, it has dropped 7.66 percent. The 5 day, 20-day, 50-day, 100-day, and 200-day trend lines are now lower than Tech Mahindra’s last traded price. The stock has risen 3.84 percent in the previous year, but has lost 37.80 percent year until date (YTD) in 2022.
On December 30, 2021, the stock attained a 52-week high of 1,838.00 and a 52-week low of 1,030.10, suggesting that it is now trading 7.75 percent above its 52-week low and 39.6 percent below its 52-week high.
Although promoter holdings of 35.26 percent are low as compared to the previous five years, Tech Mahindra has declared an equity dividend of 900.00 percent, or 45 per share, for the fiscal year that ended March 2022. At the current stock price of 1110.25, this equates to a payout ratio of 4.05 percent.
Tata Steel Ltd is a multi – cap firm in the metal industry with a market valuation of 125,039.33 Crore. The stock’s most recent trading price was 1,023, down 2.09 percent from its previous close of 1044.85. In the last five days, the stock has declined 2.80%, and 6.75 percent in the last month.
In the last six months, the stock has dropped 12.21%, and in the last year, it has dropped 12.17%. In 2022, the share price of Tata Steel has lost 10.46 percent year to date (YTD).
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