Idea Cellular

Shares in Idea Cellular have fallen from levels of Rs 170, to the current levels of Rs 95.

Shares in Idea Cellular have taken a beating as Q1 results were weak. Also, there worries that the strong emergence of Reliance Jio could aggravate competition in the sector.

However, Idea remains a good bet in the long term, though short term impact could remain from Jio.

Mahindra Lifespaces

Mahindra Lifespaces, a real estate developer from the Mahindra group has seen its share price fall from Rs 560 to the current levels of Rs 428.

The share does not see too much volatility, which is why it is a bit lacklustre. Mahindra Lifespaces is more a long term play.

NIIT Technologies

NIIT Technologies has dropped to levels of Rs 413 from levels of Rs 630. The stock is very close to its 52-week low of Rs 407. Most of the tech stocks have dropped sharply, as the the large IT companies reported Q1 numbers that lagged estimates.

NIIT Tech looks technically weak and hence has a risk of further downside. It's best if the stock is avoided.

Glaxo Smithkline Pharma

This is a bluechip pharma company that has fallen from 52-week high levels of Rs 3872 to Rs 3,100. The 52-week low of the stock is Rs 3032, hit earlier in Jan 2016. Those looking at accumulating blue chip stocks can buy the same, as the downside risk is very low.

Mirza International

Mirza International manufactures footwear and is renowned for the redtape brand. The stock has fallen from levels of Rs 140 to the current levels of Rs 85. the company has declared a decent dividend of 25 per cent.

The stock is not a bad bet at the current levels.

Alstom T&D

Alstom T&D is very close to its 52-week low of Rs 324. The stock is currently trading at Rs 330.

This is a part of the French Alstom Group and has significant presence in India.

Blue Dart

Blue Dart is another bluechip stocks that has dropped to a new 52-week low. The shares are trading at Rs 5,540. The stock has hit a 52-week high of Rs 7,900.

Blue dart, despite a drop in the share price still looks expensively priced at this level and is best if avoided.