10 Quality Mid & Small Cap Stocks Down 40% From Highs, Should You Buy?

06-06-2022 by News Desk

Stocks Down

On the Sensex, markets have been consolidating in the 54,000 to 55,000 zone. The price ratio of Banknifty / Nifty is on the verge of breaking out from a 2-1/2 year downtrend, suggesting a major structural trend change in the market, according to S Hariharan, Head Sales Trading, Emkay Global Financial Services Banks have been a significant out-performer in the market’s rebound over the last week, according to S Hariharan, Head Sales Trading, Emkay Global Financial Services Banks have been a significant out-performer in the market’s

Market risks are posed by rising oil prices.

A resurgence in crude oil prices, according to Hariharan, poses a risk to the current account deficit and, as a result, to forecasts of rupee depreciation in the short term. As a result, foreign investor flows will continue to be a headwind for the market, limiting any major upside in headline indexes in absolute terms. [Stocks Down]

“Positive comments from Infy and HDFC Bank in recent days have helped to calm the market, and these industries could outperform in the coming month. Furthermore, 2-wheeler sales are gaining traction, owing to increased demand during the wedding season and the reopening of educational institutions. Concerns about input cost inflation, on the other hand, will keep Cement and Consumer Durables companies under pressure in the future “he declares

List of high-quality mid- and small-cap stocks that are down 40% from their 52-week highs.

10 Quality Mid & Small Cap Stocks Down 40% From Highs, Should You Buy?

ICICI Securities is an excellent stock to invest in. ICICI Securities is one of the stocks that has dropped. After a dramatic drop in share price, the company has halved from 52-week highs and is a good buy.

The firm presently has a price-to-earnings ratio of just 11 times, with a dividend yield of approximately 5%. Both of these considerations make ICICI Securities’ stock an excellent buy at the moment. [Stocks Down]

We also believe that the company, which is primarily a broking firm, will do well as the investor population grows. As a result, buying the stock at a low price-to-earnings ratio makes sense.

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Another good stock to buy is TV Today.

Another good stock to buy is TV Today. For the fiscal years 2021-22, the corporation had a respectable result. Revenues for FY 2022 were Rs 930 crores, up from Rs 883 crores in FY 2021. The company’s earnings per share (EPS) increased to Rs 30. The shares trade at a price to earnings ratio of barely 8 times at the current market price of Rs 274, making the stock appealing to buy. [Stocks Down]

The company is a major player in the television industry. Aaj Tak, a 24-hour news station owned by TV Today Network Limited, broadcasts news in Hindi 24 hours a day, seven days a week. Headlines Today, the company’s new English channel, is aimed especially at youthful urban audiences.

Apart from the two stocks mentioned above, there are a number of others that we recommend to investors, including Gulf Oil Lubricants, which has low valuations and high dividend yields.[Stocks Down]

Disclaimer

The markets have become extremely volatile, therefore investors should exercise caution. TeknikalRaman.com, the author, and the brokerage firm are not liable for any damages incurred as a result of a choice made after reading the aforementioned content. Every effort has been taken to offer factual information, and before investing in the markets, readers should be aware of the associated risks.

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