Top 2 Largecap, 2 Midcap Stocks Hit 52 Weeks Lows: Check Profile For Investment

Indian equity markets are marginally bearish, Nifty has plunged by 1.68%, and closed at 16,201.80 points today, on June 10. Here, two large-cap and two mid-cap stocks have been discussed those can be considered for investment.

NMDC Ltd.

Share price of NMDC Ltd. has fallen by 1.93%, and stood at Rs. 119.65, today till last traded. It is a small cap company with a market capitalization of Rs. 34,933 crore. The 52 week high level of this stock is Rs. 189.00, and 52 week low level of this stock is Rs. 118.05.

Incorporated in 1958 as a Government of India public enterprise, NMDC is India's largest producer of iron ore. Under the administrative control of the Ministry of Steel, it has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others in some of the most remote corners of the country. The company has reduced iron ore lump and fines rates 28% and 36% recently, as the union government-imposed of export duty on iron ores and pellets. Additionally, according to recent news, demerging of NMDC's under-construction Nagarnar Steel Plant (NSP) has been postponed to June 28, 2022.

Life Insurance Corporation of India Ltd.

Share price of Life Insurance Corporation of India Ltd. has fallen by 1.70%, and stood at Rs. 709.40, today till last traded. It is a small cap company with a market capitalization of Rs. 448,885 crore. The 52 week high level of this stock is Rs. 918.95, and 52 week low level of this stock is Rs. 708.05. Today. The corporation has fallen for the ninth straight season.

Life Insurance Corporation (LIC) is an Indian state-owned insurance group and investment company. Recently, the corporation opened its IPO, however, after that its share price dropped sharply. Investors can consider this large cap public insurance corporation to buy when the prices are bearish, for long term gain.

Nuvoco Vistas Corporation Ltd.

Share price of Nuvoco Vistas Corporation Ltd. has gained by 1.14%, and stood at Rs. 285.00, today till last traded. It is a mid cap company with a market capitalization of Rs. 10,211 crore. The 52 week high level of this stock is Rs. 577.90, and 52 week low level of this stock is Rs. 278.10.

Nuvoco is the 5th-largest cement group in India. It is a part of India's leading business conglomerate Nirma Group, which forayed into the cement business in 2014 through a greenfield cement plant in Nimbol (2.2 MMTPA). Thereafter, grew the business, through the acquisitions of Lafarge India Limited in 2016 and NU Vista Limited, formerly Emami Cement Limited in 2020. Today, Nuvoco has 11 Cement Plants in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India comprising five integrated units, 5 grinding units and one blending unit, according to the company.

New India Assurance Company Ltd.

Share price of New India Assurance Company Ltd. has fallen by 1.88%, and stood at Rs. 93.75, today till last traded. It is a mid cap company with a market capitalization of Rs. 15,450 crore. The 52 week high level of this stock is Rs. 178.40, and 52 week low level of this stock is Rs. 93.15.

New India Assurance Company Ltd. was founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 26 countries. Their global business crossed Rs. 31573 crore in March 2021. They have been market leaders in India in the Non-Life business for more than 50 years. Their Indian business crossed Rs. 28548 crores in March 2021. They have been rated AAA/Stable by CRISIL since 2014, indicating that the company has the highest degree of Financial Strength.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.