Share Market: Bumper earning opportunity in these 14 stocks including Reliance, these stocks are at low for 52 weeks, what do experts say? – these 14 popular stocks are trading at 52-week lows what investors should do
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Shares of the country’s most valuable company Reliance Industries closed at Rs 2,276.50, down 0.37% on Tuesday. It fell to Rs 2,269.65 during the day, which is its 52-week low. Its 52-week high of Rs 2,855.00 was touched on April 29 last year. Experts say that the prices of these quality stocks are currently very low and investors should take advantage of this opportunity. Many big stocks are now available at a discount. Along with this, midcap stocks are expected to gain further.
Bumper earning opportunity in Reliance
G Chokkalingam, founder of Equinomics Research and Advisory, says about Reliance’s stock that it is expected to remain bullish for the next four years. He said that Reliance is emerging as a mini economy in itself. The company can unlock value in telecom, retail and renewable energy segments. Due to this, this stock can give continuous good returns to the investors in the next four years. Similarly, Relaxo Footwear’s can reach up to Rs.930. It had closed at Rs 761.50 on Tuesday.
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Similarly, Crompton Greaves Consumer Electricals is expected to reach Rs 363. It closed at Rs 288.60 on Tuesday. 16 stocks included in the Nifty 50 are currently trading above their long term moving averages. These include ITC (ITC), L&T (L&T), Mahindra & Mahindra (M&M), Axis Bank (Axis Bank), Sun Pharma and NTPC (NTPC). Experts say that if these shares fall, then investors should consider buying them.
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