8 Bluechip Stocks That Trade Close To 52-week Lows, Do You Own Any?

The markets have been extremely buoyant over the last few weeks. Investors have been lapping-up shares, even as the US Fed Chairman has indicated future rate hikes. This week the Sensex hit a new historic peak on sustained buying support. Here is a look at some bluechip stocks near 52-week lows, despite a rally in the markets.

Some of these stocks listed above have fallen on account of various reasons. Infosys has seen selling pressure on worries that a recession in the United States would hit demand for IT services. Zee Entertainment has lingering worries and investors are eagerly awaiting the merger with Sony. Financial performance for companies in general in the media space has been weak, which has pulled stocks like Zee and Sun TV lower. Voltas too has been facing weaker than expected performance, though the company has a splendid track record over the years.

All in all, unless there is some kind of improvement in financials, we may see select stocks continue to languish. However, most or almost all of the stocks listed above are bluechip stocks and there are no worries on the management or the fundamentals front. Please note, we have just highlighted stocks closer to 52-week lows and these are not recommendations from our end.

Disclaimer

This article is not a recommendation from the author neither from Greynium Information Technologies to buy, sell or hold into any of the stocks listed above. The author and Greynium Information would not be responsible for losses if investors chose to buy, sell or hold based on a decision from the article. Please consult a professional advisor. The article only throws light on some of the stocks at 52-week lows.