Moneycontrol

Complete selling was seen in Indian stock markets on the first trading day of this week. The NBFC, IT and Reality sectors saw the largest declines in today’s trade. Stocks in the metals, autos and pharmaceuticals sectors also showed weakness. On the other hand, RIL, ICICI Bank, INFOSYS and TCS, which are considered giant stocks, created the most pressure in the market today.

After the stock market plunge today, the Sensex and Nifty equity indices fell 2% while heading towards their all-time lows. Whereas in the medium term the market should be correct. All quality and well-known stocks fell near their 52-week lows. Due to lower prices, there may be a buying opportunity for buyers here. Here are 3 stocks below Rs 100 trading near 52-week lows for investors to buy.

Shares of Zomato reached a 52-week high of Rs 169.00 on November 16, 2021 and a 52-week low of Rs 50.05 on May 10, 2022. This suggests that the stock is currently trading 59% below from its 52-week high.

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According to news in Mint, brokerage firm Geojit says Zomato’s growth is back on track and we have a good view of the company’s future performance given strong order volume growth, good number of new customers, high penetration and low costs. . Thus, we again assign our buy rating to the stock with a revised target of Rs.84.

Marksons Pharma shares reached a 52-week high of Rs 97.60 on June 14, 2021 and a 52-week low of Rs 43.55 on February 24, 2022. Which shows that at Rs 44.75, the The stock is trading 54% below its 52-week high and 2.75% near its 52-week low.

Arihant Capital brokerage says we value Marksans Pharma on metrics of EV/EBITDA (7x FY24E) and PE valuation at 10x of FY24E EPS and have reduced our price target from previous target from Rs 86 per share to Rs 80 per share decide. We maintain our BUY rating on the stock.

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Shares of Bank of Baroda hit a 52-week high of Rs 122.70 on 11 April 2022 and a 52-week low of Rs 72.50 on 23 August 2021 on NSE. This suggests the stock is trading at current levels of Rs 99.95, down 18% from its 52-week high and 38% above its 52-week low.

Brokerage firm Edelweiss Broking has a buy rating on the stock with a target of Rs 120. The brokerage has picked Bank of Baroda as its preferred pick of the week.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risk. Always consult an expert before investing any money as as an investor. Money can be transferred from Moneycontrol to anyone. It is never advisable to apply here.)

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