So far this year, the Sensex and Nifty have fallen in double digits. Talking about frontline stocks, there are many in which there has been a correction of 30 percent to 50 percent this year.
Frontline Stocks Trading at Big Discount: This year is not going well for the stock market. The first half of the year is about to end and the market is under continuous selling pressure. So far this year, the Sensex and Nifty have fallen in double digits. The Sensex has weakened by about 5800 points or 10 percent this year, while the Nifty has fallen by more than 1750 points or about 10 percent. During this, there has been a lot of selling in all the segments of largecap, midcap and smallcap. Talking about frontline stocks, there are many such stocks in the top 100 stocks in terms of market cap, which have corrected from 30 per cent to 50 per cent this year. Now the valuation of some of these stocks has become attractive and experts are advising them to invest.
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2022: These 20 frontline stocks fall more
Zomato Ltd: 50%
Motherson Sumi: 47%
L&T Infotech: 45%
Tech Mahindra: 45%
L&T Technology: 44%
Vodafone Idea: 44%
Wipro: 42%
Mindtree: 41%
Tata Communications: 39%
Piramal Enterp: 38%
SAIL: 37%
Godrej Property: 36%
Gujarat Gas: 35%
Lupin: 35%
Vedanta: 34%
Muthoot Finance: 33%
Gland Pharma: 32%
Hindalco: 32%
Dalmia Bharat: 31%
Aarti Industries: 31%
Where are the investment opportunities created?
Dalmia Bharat
Dalmia Bharat has declined more than 32 percent this year and the stock has come down from Rs 1882 to Rs 1247. Brokerage House Axis Securities has given investment advice in the stock with a target price of Rs 1635 and JM Financial with a target price of Rs 1850. In terms of current price, it can give 48% return
Gujarat Gas
Gujarat Gas has declined by more than 35 percent this year and the stock has come down from Rs 641 to Rs 413. Brokerage House Motilal Oswal has given investment advice in the stock with a target price of Rs 650. In terms of current price, it can give 57% return.
Muthoot Finance
Muthoot Finance has declined more than 33 percent this year and the stock has come down from Rs 1540 to Rs 997. Brokerage House Motilal Oswal has given investment advice in the stock and has a target price of Rs 1220. In terms of current price, it can give 22 percent return.
Hindalco Industries
Hindalco Industries has declined more than 31 percent this year and the stock has come down from Rs 478 to Rs 326. Brokerage house JM Financial has an investment advice in the stock with a target price of Rs 515. In terms of current price, it can give 58 percent return.
Tata Communications
Tata Communications has declined more than 39 percent this year and the stock has come down from Rs 1445 to Rs 900. Brokerage house ICICI Securities has given investment advice in the stock with a target price of Rs 1600. In terms of current price, it can give 78 percent return.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
