4 large cap stocks which are trading 20% below their 52 week-high | Groww - YouTube

Hi, we have seen a fall in the markets due to the second wave of Covid 19.

The market fell more than 25% during the first wave but recovered to the budget and reached its all-time high

And again there is uncertainty due to the second wave, so we thought of telling you about some large-cap stocks

which are trading at a discount of 18-20% from their 52-week highs

We will speak about one stock from one industry and will present it in descending order

Meaning the stock which is at the lowest price will be spoken about at the last

At number 4 is Maruti Suzuki, which is a leader in the 4-wheelers industry and covid has impacted it very badly

but in November we saw a revival in the auto sector due to the sales going up

After which the share price reached its 52-week high price in January

In FY21, they lost a lot of market share because Tata Motors is growing rapidly

and the company made a late entry in the EV sector, due to which the share price is trading 18.06% down

At number 3 is Reliance Industries and it reached its 52-week high in Sept 2020

The main reason was that the company took 2 lakh Cr funding from its 14 global investors

so that they could pay their debt ahead of the schedule. From Nov to Dec, the share price went down by 16%

But in March 2021, it was trading only at a discount of 4% from its 52-week high

We could see the effect of Delhi HC order on the restriction of Reliance and Future group deal

Other than that, when the company announced that it will demerge its oil to chemicals business

and make it a wholly subsidiary, we saw its effect on the share price too.

Right now the share price is trading at a discount of 18.45% from its 52-week high

At number 2 is Bajaj Finance, it was at its 52-week high around budget and till 1st April it was down by only 8%

The company declared an increase in assets by 4% in the fourth quarter of 2021

According to analysts, this growth was slow and due to the second wave of covid, the quality of their assets have seen a negative impact

At this point, the share price is trading at a discount of 18.76% from its 52-week high

At number 1 is SBI, it exceeded analysts expectation in the 3rd quarter of FY21

due to which the stock price reached its 52-week high in February

The investors were concerned regarding NPAs earlier too but now it has risen

Even Nifty Bank is trading at a discount of 15.75% from its 52-week high

Currently, SBI is trading at a discount of 20.21% from its 52-week high

and the major reason is the second wave of covid which will directly impact banks credit growth and asset quality

So these were the top companies in India that are trading at a discounted price from their 52-week high