Nifty 50 Stocks at Discount: These companies declined over -40% from their Highs!

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Kritesh Abhishek

The NSE’s Nifty 50 has declined over -12.51% in 2022 YTD and only 9 out of the 50 Nifty constituent stocks have given positive returns this year. The remaining companies are in “RED” so far and most of them are trading at a significant discount amid the bear phase.

Six of these 50 Nifty stocks are currently trading at a discount of over -40% from their 52-week highs. These are Hindalco (NS: HALC ) (-50.00%), Tech Mahindra (NS: TEML ) (-46.66%), Tata Steel (NS: TISC ) (-44.97%), Wipro (NS: WIPR ) (-44.31%), Shree Cements (NS: SHCM ) (-41.34%) and Bajaj Finserv (NS: BJFS ) (-40.72%).

Nifty 50 Stocks at Discount
(Source: Tradebrains.in)

Three of the Nifty 50 companies are also trading near their 52-week low: UPL Ltd (NS: UPLL ), Tata Steel, and Axis Bank (NS: AXBK ). The shares of steel giant Tata Steel Limited declined more than 4.25% in the first half of the trading session on Wednesday and hit their new 52-week low of Rs 842 per share. On the other hand, UPL has declined by -6.23% today to reach its 52-week low of Rs 613.45, and Axis bank is trading at its 52-week low price of Rs 626.40 per share.

Looking into the winning stocks in the Nifty 50 constituents this year, ITC Ltd (NS: ITC ) has given the highest returns of 21.20% in 2022 YTD. Othe Nifty 50 companies that have given positive returns this year are Mahindra & Mahindra Limited, Coal India (NS: COAL ) Ltd, Bajaj Auto (NS: BAJA ) Ltd, NTPC Limited (NS: NTPC ), Reliance Industries Ltd (NS: RELI ), Maruti Suzuki (NS: MRTI ) India Ltd, Power Grid (NS: PGRD ) Corporation of India Limited, and Hero Motocorp (NS: HROM ) Ltd.


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  • Husne Mubarak @Husne Mubarak
    Will Wipro go further down?
    Like 2
    • Kushagra Tewari @Kushagra Tewari
      chances of Wipro getting down is very rare since stock has got this counted after 40% and now in a consolidated state
      Like 0
    • Kushagra Tewari @Kushagra Tewari
      chances of Wipro getting down is very rare since stock has got this counted after 40% and now in a consolidated state
      Like 0

      • Comment Guidelines

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  • Husne Mubarak @Husne Mubarak
    Will Wipro go further down?
    Like 0
  • Husne Mubarak @Husne Mubarak
    Will Wipro go further down?
    Like 4
    • Kunal Kaushal @Kunal Kaushal
      upto 370-390 zone maybe
      Like 0
    • Rapide Éducation @Rapide Éducation
      Keep adding in sip mode
      Like 0
    • Kishan Patel @Kishan Patel
      @Kunal Kaushal na jay
      Like 0

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  • Husne Mubarak @Husne Mubarak
    Will Wipro go further down?
    Like 0
  • The Golden Farms @The Golden Farms
    hindalco
    Like 0
  • The Golden Farms @The Golden Farms
    hindslco
    Like 0
  • Jay Malhotra @Jay Malhotra
    Hindalco or Tata Steel?
    Like 0
  • Investors Cafe @Investors Cafe
    What's your view of Tata Steel?
    Like 0
  • GEET SUHAGIYA @GEET SUHAGIYA
    THANKS
    Like 0

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