1 month ago
SUMMARY
As many as eight index constituents, which includes heavyweights like TCS, Tata Motors, BPCL, Power Grid, State Bank of India, Hero MotoCorp, L&T and Asian Paints are at a 52-week low in today's session.
By Hormaz Fatakia February 28, 2025, 2:55:33 PM IST (Updated)
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The Nifty 50 index has nearly given up all the gains it had seen since the lows it made on June 4 last year, which was the day the Lok Sabha election results were announced. The index fell as much as 450 points on Friday, February 28.
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As many as eight index constituents, which includes heavyweights like TCS, Tata Motors, BPCL, Power Grid, State Bank of India, Hero MotoCorp, L&T and Asian Paints are at a 52-week low in today's session.
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Post this fall, these stocks have an upside potential ranging from 10% to as high as 40% going forward. Lets take a look at which stock has the highest upside potential among them:
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TCS | Shares of the Tata Group giant fell as much as 4% on Friday to a 52-week low of ₹3,457. The stock has corrected nearly 25% from its peak. 33 out of the 48 analysts who cover the stock still have a "buy" rating on it. Consensus projects an upside potential of 29% for the stock.
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Tata Motors | Shares of Tata Motors have nearly halved from their peak, declining 47% from their July 30 high of ₹1,179. Despite the fall, three analysts still see the stock crossing levels of ₹1,000. 20 out of the 34 analysts covering the stock have a "buy" rating. Consensus is projecting a potential upside of 34% from current levels.
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BPCL | Shares of the state-run oil refiner made a 52-week low of ₹237 on Friday. The stock is now down 37% from its peak of ₹376. 22 out of the 34 analysts who have coverage on the stock have a "buy" rating. Consensus is projecting a potential upside of 40% from current levels.
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Power Grid | The state-run power company fell 3% on Friday and made a 52-week low of ₹247. The stock is down 33% from its recent peak. 15 out of the 22 analysts that have coverage on the stock have a "buy" rating on it. Consensus is projecting a potential upside of 30% from current levels.
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SBI | India's largest lender is also trading at a 52-week low, having declined 25% from its peak of over ₹900 per share. The stock, which once never had sell recommendations, now has four of them, but 39 out of the 50 analysts still maintain their bullish stance on the stock. Consensus is projecting a potential upside of 34% from current levels.
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Hero MotoCorp | Shares of the two-wheeler manufacturer have nearly halved from their peak of over ₹6,200. The stock also made a 52-week low in today's trading session. 25 out of the 42 analysts having coverage on the stock have a "buy" rating. Consensus is projecting a potential upside of 31% from current levels.
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L&T | Trading in a very narrow range, L&T also made a 52-week low in today's trading session, having declined 20% from its peak. Analysts continue to remain bullish on the stock with 31 out of the 35 analysts having coverage on the stock have a "buy" rating with consensus projecting a potential upside of 31%.
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Asian Paints | India's largest paints company also continues its fall from the peak, having declined 35% from those levels now to fall to a 52-week low. Asian Paints is also the only stock in this list where the number of "sell" recommendations from analysts are more than the number of "buys". Consensus only projects a 10% upside from current levels.
