5 Stocks That Have Fallen 30% From Highs

BSE Sensex lost over 600 points on June 4 to end with the loss of 49 points at 55,769.23 while the Nifty50 lost 44 points to settle at 16584. Meanwhile, the Nifty Midcap 100 and Small cap 11 indices witnessed a dip of 1.6% and 0.86%, respectively, The choppy markets also caused a fall in the blue chip stocks of 5 companies.

What are Blue Chip stocks? These stocks are shares of big and highly reputed companies with a history of sound financial performance. Blue Chip stocks have strong capability of enduring difficult market conditions and can offer strong returns when markets are on the high. The cost of Blue Chip stocks is high because of their outstanding reputation and frequently emerge market leaders in their respective industries. As the stocks have fallen nearly 30% from their highs, this is a great moment to invest in them. Check these 5 stocks below:

1. Union Bank of India

The stock of Union Bank India has fallen almost 29.65% from its 52-week high of 54.80. The current market price of Union Bank of India is 38.55 as on June 4. The stock has touched its 52-week low of 32.65. The market cap of the stock is 26,347 crore. Union Bank of India is an Indian government-owned bank with over 120 million customers.

CMP	52-Week High	Fall
38.55	54.8	29.65%

2. JSW Steel Ltd

The current market price of is 562.45 as on June 4. The 52-week high and 52-week low of the stock is 789.95 and 520.10, respectively. The stock has also witnessed a 28.80 percent dip from it 52-week high of 789. JSW Steel Ltd is an Indian multinational steel manufacturing company headquartered in Mumbai. The market cap of JSW Steel is 135,956 crore.

CMP	52-Week High	Fall
562	789.95	28.80%

3. MphasiS Ltd.

The CMP of the stock is 2567. The 52-week high and 52-week low of the stock is 3,659.75 and 1876. The stock has fallen 29.83% from its 52-week highs level. The Market Cap of the stock is 48,348 crore. The Indian multinational information technology services and consulting company is headquartered in Bangaluru.

CMP	52-Week High	Fall
2567	3,659.75	29.83%

4. Aptus Value Housing Finance India Ltd

The current market price of the stock is 280 and its 52-week high level was 395. It has fallen 29.19% from its 52-week highs. Its 52-week low was 277.65. Aptus Value Housing Finance India Ltd is a Home Loan Company. It has been formed to address the housing finance needs of self-employed, Low- and Middle-Income Families from semi urban and rural areas. Its market cap is 13,896 crore.

CMP	52-Week High	Fall
280	395.00	29.19%

5. Crompton Greaves Consumer Electricals Ltd

The CMP of the stock is 364.40 as on June 4. The stock has fallen 28.94% from its highs. Its 52-week high and 52-week low level was 512 and 323, respectively It is an Indian electrical equipment company headquartered in Mumbai. It is engaged in manufacturing consumer products ranging from fans, light sources and luminaires, among others. Its market cap is 23088 crore.

CMP	52-Week High	Fall
364	512.00	28.94%