7 Stocks Close To Their 52-week Lows, Should You Buy Them?

Markets have once again recovered a bit over the last couple of days. The Sensex is now back over the 58,000 points mark and for the time being the trend seems a little more bullish. However, there are many stocks that are languishing.

Here are 7 stocks that are now trading very close to their 52-week lows

	Current market price	52-week lows
Motilal Oswal Financial	731	714
Mphasis	2084	1981
GAIL	87	83
Wipro	408	384
Life Insurance Corporation	630	618
Sanofi India	5965	5757
Oracle Financial	3002	2909

Should you buy some these stocks at near 52-week lows?

The answer to this really depends on the company and the sector. From the above, if you see, then at least three are from the IT space. We know the current problems facing IT companies. There are worries that a slowdown in the US or a recession would drag the financial performance for some of these companies. This has led to stocks like Oracle Financial Services, Wipro and Mphasis falling very close to their 52-week lows. However, if you look at a stock like Oracle Financial Services, you would realize that it comes with an excellent dividend yield of 6% plus. This makes the stock attractive to buy at the current levels.

Sanofi India, maybe a good pick

Again, like Oracle Financial Services, the stock of Sanofi India could be a good pick for its dividends. The stock at the current market price gives a dividend yield of 3% plus. In fact, even a stock like Motilal Oswal Financial Services is not a bad bet given the solid presence in the broking and allied businesses that the company has. Some of these stocks are still under performing and buying interest may emerge at lower levels. However, the only problem right now for the markets is there is immense volatility. Also, with bank interest rates rising, we might see lesser interest in fixed deposits. In fact, going ahead investors may sell on rallies and book profits. However, overall one needs to be cautious on the markets at these levels.