Black Friday Sale: Stocks trading with discounts of up to 50% from last year’s prices

Zee Entertainment Enterprises have crashed over 50 percent in the past year.

It’s Black Friday and who doesn’t love a good bargain during the best sale of the year? These stocks are trading at steep discounts from their prices just one year ago, but be careful! Sometimes things are heavily discounted because nobody else wants them, and other times you can get lucky with a great bargain.

So which stocks are offering investors a good bargain and should you snap them up at this juncture? We help you navigate this sale with Bloomberg analysts ratings.

Zee Entertainment Enterprises (Discount from year ago price: 52%)

Shares of Zee Entertainment Enterprises have crashed over 50 percent in the past year, as the potential $10-billion merger between Zee and Sony Pictures was called off in January 2024. The companies initiated legal action against each other for not honouring commitments mentioned in the deal.

Should you consider ZEEL at this price? Nine analysts recommend a 'buy,' four suggest holding, and seven think it's better to 'sell.'

Also Read | BSE's new F&O expiry cycle will help ease volatility and free capital, say experts

Honasa Consumer (Discount from year ago price: 43%)

BBlunt and Mamaearth parent Honasa Consumer has faced a turbulent ride on the bourses, available for the snapping at a price 42 percent lower than last year’s. With falling sales and inventory challenges, the firm’s flagship Mamaearth is recording slower growth than previously expected. So much so that the firm reported its first loss in five quarters for the July-September period.

Is Honasa Consumer a good bargain at this price? Six analysts suggest a 'buy' call, two have a 'hold' rating and four brokerages believe investors should 'sell'.

CreditAccess Grameen (Discount from year ago price: 42%)

Microfinance lender CreditAccess Grameen has two key problems. The first is sectoral, with worsening asset quality, and expectations of a further build-up of stress due to over- leveraging in the industry. The second, the firm’s Netherlands-based promoter is apparently looking to exit its 67 percent stake in the firm.

Could CreditAccess Grameen be a smart investment at its current price? Fourteen analysts call it a 'buy,' three recommend a 'hold,' and two suggest a 'sell.'

Vodafone Idea (Discount from year ago price: 37%)

This beleaguered, cash-strapped telecom operator has fallen sharply since the Supreme Court's rejection of telecom companies' plea to recalculate their adjusted gross revenue (AGR) dues. Vodafone Idea's curative petition in the AGR case sought three key reliefs: correcting arithmetic and clerical errors in the AGR demand, capping the penalty at 50 percent of the shortfall, and revising the penalty interest rate to 2 percent above the State Bank of India’s prime lending rate.

Is Vodafone Idea worth buying now? Four analysts are in favor of a 'buy,' five recommend holding, while 13 advise selling.

IndusInd Bank (Discount from year ago price: 33%)

If it wasn’t for the poor September quarter earnings, IndusInd Bank would have likely not made this list. However, the private lender reported a 40 percent fall in its consolidated net profit during the quarter, as operating expenses across the board, including finance costs, rose faster than the bank’s income. IndusInd Bank dropped from the league of 10 most-valued lenders in terms of market capitalisation.

Is IndusInd Bank a promising pick at this price? Thirty-six analysts back a 'buy,' 12 suggest holding, and two advocate selling.

Asian Paints (Discount from year ago price: 22%)

Margin pressure, weakening demand, slowing urban consumption, Asian Paints has seen many woes over the past year, especially with intensifying competition. With the outlook softening not just for India’s largest paint manufacturer, but the entire paints industry, shares of the player have taken quite a tumble on the bourses.

Does Asian Paints make sense as an investment at this price? Ten analysts favor a 'buy,' 11 propose holding, while 18 lean toward selling.

Indraprastha Gas (Discount from year ago price: 18%)

City gas distribution (CGD) firms, especially IGL, have seen a sharp erosion in their share price after the government has cut the Administered Price Mechanism (APM) allocation to CGD players in October and November. This means that the companies will no longer be able to access cheaper gas and will have to resort to buying more expensive alternatives.

Is IGL a good opportunity at the moment? Fifteen analysts endorse a 'buy,' seven opt for a 'hold,' and 14 prefer selling.

Dalmia Bharat (Discount from year ago price: 17.5%)

With muted demands, the cement player has seen poor earnings, leaving the Street unimpressed. Despite reporting stable volumes, Dalmia Bharat has consistently taken a hit on its volumes in a weak pricing environment.

Should you invest in Dalmia Bharat at this price? Sixteen analysts advise a 'buy,' 10 recommend holding, and eight think selling is the better choice.

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