2 Good Stocks Near Their 52-Week Low, Good Time To Buy?

The share market remains volatile as the Indian equity benchmarks extended their fall on Monday for second straight session. Investors prefer to sell stocks in the current circumstances. BSE Sensex shed nearly 94 points at 55,675 while NSE Nifty too lost 15 points at 16,570. Shares of LIC hit all time low in today's trade.

As stock market remains choppy, there are some stocks that are touching their 52-week low despite posting some good performance in the past. We have compiled a list of 5 stocks that continue to shed points and reached their 52-week low levels:

1. REC Ltd

The current market price of the stock is 115.50 with a loss of 3.06% as of writing this report. The share is currently trading near its 52-week low of 113.40. The stock has touched its 52-week high of 168.70 18 October 2021. State owned REC declared a jump of 14% in its consolidated net profit at Rs 2301.33 core in Q4 ending March 31 on the back of stronger revenues as against the consolidated net profit of Rs 2017.82 crore in the previous quarter ending March 2021, as per the BSE filing. The total income of REC surged to 9653. 27 core as against the Rs 9215.92 crore reported in the previous financial year, with a marginal rise.

For the FY2021-22, consolidated net profit surged to 10,035.70 crore as against Rs 8378.14 reported in the last financial year. The total income also climbed to Rs 39,339.10 crore against the Rs 35,575 crore in the 2020-21 FY. A dividend of Rs 4.80 per share on the FV of Rs 10 each for 2021-22 FY was recommended by company's board subject to the approval of shareholders. The stock's PE ratio is 2.34 which is not high. The board of company declared a dividend of Rs 1.71 per share on 16 September 2021 and quoted the interim dividend on 15 February, 2022 at Rs 6.00 per share. The market capitalization of REC Ltd is 22770.81 crore.

Amid a robust order book and Capital Adequacy Ratio of 23.61% as on March 31, 2022, the company offers a strong foundation and several opportunities are there that can effectively support its upcoming growth.
It is a good opportunity to invest in the company presently as growth prospects appear to be high.

2. GlaxoSmithKline Pharmaceuticals Ltd

The stock has also touched its 52-week low levels. The current market price of the stock is 1507.90 as of writing this report. It gained 0.51% today. GlaxoSmithKline's 52-week low was 1450 apiece. It has touched its 52-week high level of 1918. The stock has a comparatively low PE of 15.05 when compared with sectoral PE of 29.58. The company declared a final dividend of 30 per share. GlaxoSmithKline Pharmaceuticals Ltd also known as GSK Pharma reported its consolidated net profit at Rs 1219.05 crore on May 16,2022 for Q4 ending March 31. It declared a net profit of Rs 14.33 crore for the similar period of last fiscal, according to its BSE filing. The consolidated revenue surged higher at Rs 809.63 crore as against Rs 744.43 crore reported in the previous year.
The net profit of the company climbed to 1694.42 crore for the whole 2021-22 year as against Rs 358.15 crore reported for the previous financial year. It also included a special dividend of Rs 60 per share. If the dividend is approved by its board of members, it shall be on July 27, 2022 or after. It is a good time to invest in the shares of the company as the price are near their 52-week levels.

Disclaimer

The stocks are listed out here to gain insights into the company's business and how it has been faring. Nevertheless, the analysis should not be construed as investment advice into the stock.