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5 Stocks From BFSI Sector That Have Plunged To Their 52-Week Lows, Should You Buy?

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N.B.I Industrial Finance Company Limited

N.B.I Industrial Finance Company Limited

NBI Industrial Finance Company Limited is a small cap Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). The Company is engaged mainly in investment in shares in securities & financial activity. The Company has a long-term orientation in its investments and mainly invests in listed equities.

The stock of the company at the time of writing is trading at Rs 1,748.05 per share, 0.46% down as compared to its previous close. On 22 November 2022 recorded its fresh 52 week low of Rs 1,652. Its 52 week high was recorded on 13 December 2021 at Rs 2,797.

In a week, the shares have surged by 2.51%, whereas, in 3 months it has fallen 2.05%. In a year, it gave 23.67% negative returns. It has given 16.96% in 3 years, whereas, in 5 years it has given maximum 35.55% positive returns. It has a market cap of Rs 429.46 crore.

One97 Communications Limited

One97 Communications Limited

One97 Communications Limited is a new-age mobile internet Fintech company that owns & operates Paytm, a flagship brand of the company. Paytm is a digital goods and mobile commerce platform, and also a payment solutions provider to eCommerce merchants using its RBI-approved semi-closed wallet. It is a mid-cap Fintech company.

Paytm’s stock is currently trading at Rs 471.10 per share on NSE, 1.20% down compared to its previous close of Rs 476.80 per share. The stock recorded its fresh 52 week low today, 23 November 2022 at Rs 468.85. Whereas, its 52 week high was recorded on 25 November 2021 at Rs 1,873.70 on NSE. It has a market cap of Rs 30,576.14 crore.

Paytm got listed on the stock market on 18 November 2021. Since its listing, its share value has fallen by 69.9%. It has given 21.63% negative returns in 1 week, 25.14% in 1 month, 39.27% in 3 months, and 68.47% in 1 year, respectively.

Should you buy?

Leading brokerage firm ICICI Securities is bullish on the Paytm stock in its report published on November 9, 2022.

According to the brokerage, One 97 Communications (Paytm) continues to improve its revenue and margin profile, evident in narrowing of consolidated loss at Rs5.7bn in Q2FY23 (vs loss of Rs6.5bn in Q1FY23).

It added, Maintain BUY with an unchanged target price of Rs1,285 based on customer lifetime value methodology. With the given target price, the stock is likely to give a potential return of up to 173%.

 

Motilal Oswal Financial Services Limited (MOFSL)

Motilal Oswal Financial Services Limited (MOFSL)

MOFSL is a well-diversified financial services company focused on wealth creation through knowledge. It is a small cap Non-Banking Finance company engaged in stock broking and allied businesses. It has a market cap of Rs 9,875.42 crore.

MOFSL’s current market price on NSE is Rs 661.95 per share, trading below 0.66% of its previous close. The stock hit its fresh 52 week low today, 23 November 2022, at Rs 661.05, while the 52 week high was recorded on 16 December 2021 at Rs 1,014.80 per share.

The stock over the past 5 years has fallen 49.85%, whereas, in the 3 years it has fallen 11.68%. It gave 28.21% negative returns in 1 year. In 1 and 3 months, it has fallen 4.71% and 13.99%, respectively.

 

Bandhan Bank

Bandhan Bank

Bandhan Bank is a private-sector commercial bank that offers checking accounts, savings deposits, money market accounts, mortgages, and term loans. With a market capitalisation of Rs 34,704.39 crore, it is a mid-cap banking stock.

The stock at the of writing trading at Rs 216.20 per share on NSE, 1.12% up from its previous close. The stock plunged to its 52 week low on 22 November 2022 at Rs 209.55. Whereas, it touched its 52-week high at Rs 349.55 on 17 May 2022.

The stock made its stock market debut on 27 March 2018, and since its listing date, it has fallen 54.74%. It has given 4.41% negative returns in 1 week, 20.79% in 1 month, 23.37% in 3 months, 29.97% in 1 year and 59.25% in 3 years, respectively.

Should You Buy?

Geojit, in its report published on November 2, 2022, has placed a buy call on the stock. It said, “We expect strong growth in advances and deposits, driven by the retail segment. Pickup in economic activities, ongoing festive/ wedding season, improving asset quality, and strong collection efficiency auger well for the company’s performance in future. Owing to recent corrections, the stock is now trading at attractive valuations, close to its 52-week low share price. Hence, we upgrade our rating on the stock to BUY with a revised target price of Rs 282 based on 1.8x FY24E BVPS.”

Max Financial Services Limited (MFS)

Max Financial Services Limited (MFS)

Max Financial Services Limited (MFS), is part of India’s leading business conglomerate – the Max Group. MFS is the holding company for Max Life, one of India’s largest non-bank, private life insurance companies. This is a mid-cap Insurance (Life) sector company with a market cap of Rs 22,087.35 crore.

The is currently trading on NSE at Rs 637 per share, down 1.21% from its previous close of Rs 644.80 per share. Today, November 23, the stock plunged its fresh 52 week low at Rs 625.20 per share, while, the 52 week high was recorded on 11 January 2022 at Rs 1,080.70 per share.

The stock has performed well in 3 ad 5 years, given 26.2% positive returns in 3 years and 12.94% in 5 years, respectively. It has given 8.35% negative returns in 1 month and 19.9% in 3 months, respectively. In the past 1 year, the stock has given 32.35% negative returns.

Disclaimer

Disclaimer

The stock has been sourced from NSE. Greynium Information Technologies, the Author, & the respective Brokerages are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.





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