Do you wish to buy these bottomed stocks?

Published on Thu, Nov 15, 2007 at 17:39 |  Source : Moneycontrol.com

Updated at Fri, Nov 16, 2007 at 10:59  

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There are a number of stocks that are still significant away from all-time highs, analysts said.

 

These include technology stocks like Kale Consultants , Infosys , and Hexaware . Kale Consultants is up just 1.5% from its 52-week lows.

 

Pharma stocks are again the usual suspects. Stocks like GlaxoSmithKline Pharma , Aurobindo Pharma , and Dr Reddy's are up around 2%, 2.6%, and 4% respectively from their 52-week lows, inspite of the index reaching almost close to its 52-week all-time high, analysts said.

 

Auto stocks like Hero Honda and Bajaj Auto are up only 11% and 13% from their 52-week lows. A few midcap stocks actually raised an eyebrow may be due to fundamental reasons. The construction boom doesn't seem to have rubbed off on Kajaria Ceramics , which is 5.5% above its 52-week low.

 

Despite the fact that most hotel stocks are doing very well, Royal Orchid is up only 9.6% from its 52-week low, analysts said. Lastly, Celebrity Fashion and Concor are both 11% away from their 52-week lows.

 

There are quite a few surprises and some are usual suspects which are barely close to their 52-week lows, analysts added.

  

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