Beaten-down mid-cap stocks that slipped up to 66 per cent from yearly highs; check here if you own them!
One way of identifying opportunities in the falling market is to identify stocks that have fallen more than warranted by the fundamentals. In this way, value hunting can be done.
The process of value hunting begins when the market tends to stabilise. Whether markets have reversed from the recent bottom or there is more downside left in the market, only time will tell! However, it is possible that several stocks may bottom out!
A question that investors here need to ask is - How much can Mid-Caps and small caps stoop from the current levels when most of the broader market stocks have already plunged over 50 per cent?
One way of identifying opportunities in the falling market is to identify stocks that have fallen more than warranted by the fundamentals. In this way, value hunting can be done.
Here is a quick list of mid-cap stocks that have tumbled up to 66 per cent from their yearly highs:
|
Company Name
|
Sector
|
Latest Market Cap (Rs crore)
|
52-week high Price
|
LTP (Rs)
|
52-week high price (%)
|
|
RBL Bank Ltd.
|
Bank
|
4,616.27
|
226.45
|
77
|
-66.00%
|
|
Godrej Properties Ltd.
|
Realty
|
31,947.80
|
2598
|
1149.2
|
-55.77%
|
|
Steel Authority Of India Ltd.
|
Iron & Steel
|
26,807.11
|
145.85
|
64.9
|
-55.50%
|
|
Indian Railway Catering And Tourism Corporation Ltd.
|
Hospitality
|
45,900.00
|
1278.6
|
573.75
|
-55.13%
|
|
The New India Assurance Company Ltd.
|
Insurance
|
13,398.24
|
178.9
|
81.3
|
-54.56%
|
|
Nuvoco Vistas Corporation Ltd.
|
Construction Materials
|
9,496.78
|
577.5
|
265.9
|
-53.96%
|
|
Vodafone Idea Ltd.
|
Telecom
|
25,502.37
|
16.79
|
7.94
|
-52.71%
|
|
ICICI Securities Ltd.
|
Finance
|
13,840.13
|
895.6
|
428.8
|
-52.12%
|
|
JSW Energy Ltd.
|
Power
|
32,214.80
|
408.7
|
195.95
|
-52.06%
|
|
Info Edge (India) Ltd.
|
IT
|
46,360.12
|
7462.95
|
3594.25
|
-51.84%
|
|
IDBI Bank Ltd.
|
Bank
|
33,923.83
|
65.25
|
31.55
|
-51.65%
|