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HomeNewsPhotosBusinessStocksThese 5 Nifty stocks fall 18-24% in 2022 year-to-date. Time for bargain hunting?

These 5 Nifty stocks fall 18-24% in 2022 year-to-date. Time for bargain hunting?

These stocks are near the oversold zone and with such good fundamentals, they can provide good returns in a short period of time, said an expert.

March 04, 2022 / 16:17 IST
The geopolitical tension in the region has intensified with Russia's attack on Ukraine. This has sent the prices of commodities, such as oil and gold, soaring. In fact, oil price is likely to rise further which has a direct impact on global inflation. This has got the investors in Indian and around the world risk averse causing weakness in global equity markets. In 2022 so far, most Nifty stocks have been weak. To be specific, Dr. Reddy's Laboratories, Ultratech Cement, Wipro, Tech Mahindra, and HDFC Life Insurance have fallen 18-24% each. However, all these 5 stocks have more strengths than weaknesses, according to moneycontrol SWOT analysis. Take a look.
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With Russia's attack on Ukraine, the geopolitical tension in the region has intensified. This has sent the prices of commodities, such as oil and gold, soaring. In fact, oil price is likely to rise further which has a direct impact on global inflation. This has got the investors in Indian and around the world risk averse causing weakness in global equity markets. In 2022 so far, most Nifty stocks have been weak. To be specific, Dr. Reddy's Laboratories, Ultratech Cement, Wipro, Tech Mahindra, and HDFC Life Insurance have fallen 18-24% each. However, all these 5 stocks have more strengths than weaknesses, according to moneycontrol SWOT analysis. Take a look.
Likhita Chepa, Senior Research Analysts at CapitalVia Global Research said: "All the 5 stocks provide a great opportunity to invest. These stocks are near the oversold zone and with such good fundamentals, these stocks can provide good returns in a short period of time. These stocks are also trading at a lucrative P/E level. All these factors combined indicate that these stocks can provide good returns in the short term as the geopolitical tensions get mellowed down."
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Likhita Chepa, Senior Research Analysts at CapitalVia Global Research said: "All the 5 stocks provide a great opportunity to invest. These stocks are near the oversold zone and with such good fundamentals, they can provide good returns in a short period of time. These stocks are also trading at a lucrative P/E level. All these factors combined indicate that these stocks can provide good returns in the short term as the geopolitical tensions get mellowed down."
Dr. Reddy's Laboratories Ltd. | In 2022 so far, the stock has fallen 24 percent to Rs 3718.85 as on March 3, 2022, from Rs 4907.00 as on  December 31, 2021.
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Dr. Reddy's Laboratories Ltd. | In 2022 so far, the stock has fallen 24 percent to Rs 3718.85 as on March 3, 2022, from Rs 4907.00 as on  December 31, 2021.
Ultratech Cement Ltd. | In 2022, the stock has fallen 21 percent to Rs 5980.70 as on March 3, 2022, from Rs 7591.05 as on  December 31, 2021.
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Ultratech Cement Ltd. | In 2022, the stock has fallen 21 percent to Rs 5980.70 as on March 3, 2022, from Rs 7591.05 as on  December 31, 2021.
Wipro Ltd. | In 2022, the stock has fallen -20 percent to Rs 569.55 as on March 3, 2022, from Rs 715.35 as on  December 31, 2021.
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Wipro Ltd. | In 2022, the stock has fallen -20 percent to Rs 569.55 as on March 3, 2022, from Rs 715.35 as on  December 31, 2021.
Tech Mahindra Ltd. | In 2022, the stock has fallen -20 percent to Rs 1426.65 as on March 3, 2022, from Rs 1790.55 as on  December 31, 2021.
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Tech Mahindra Ltd. | In 2022, the stock has fallen 20 percent to Rs 1426.65 as on March 3, 2022, from Rs 1790.55 as on  December 31, 2021.
HDFC Life Insurance Co Ltd. | In 2022 so far, the stock has fallen 18 percent to Rs 531.75 as on March 3, 2022, from Rs 649.55.
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HDFC Life Insurance Co Ltd. | In 2022 so far, the stock has fallen 18 percent to Rs 531.75 as on March 3, 2022, from Rs 649.55.
Ritesh Presswala
Ritesh Presswala Research Analyst at Moneycontrol
first published: Mar 4, 2022 04:11 pm

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