Shares down by over 50% from 52 week high: RBL bank, PNB Housing Finance, Vaibhav Global, Mannapuram Finance

Shares down by over 50% from 52 week high: RBL bank, PNB Housing Finance, Vaibhav Global, Mannapuram Finance

The year 2022 has not been good for the stock markets. Some stocks have gone down more than others. Nifty has gone down by more than 8% this year. Smallcap indices are down much more than the large-cap indices. Experts believe this is a good time to buy. Some shares have fallen more than 50%.

The stocks which have fallen more are not necessarily bad. A low price share does not mean that the company is bad, and the low share rate may be merely because of market sentiment. Here we discuss some stocks which have fallen more than the markets and might be good to buy. 

Related: 7 Tech stocks expected to benefit from 5G rollout.

Which shares are good to buy now?

Some shares have fallen more than the markets, and here are some stocks which might give good returns going ahead:-

1. RBL bank- The stock touched a 52-week high of Rs 222 per share. Now the stock is available for Rs 84 as per Wednesday’s closing. The price has been reduced by 62% from the 52-week high. This does not necessarily mean that the stock is undervalued but based on historical parameters, the stock is available at a good price. 
    
2. PNB Housing Finance- The stock has touched a 52-week high price of Rs 779.6. The stock is available for Rs 336 as per Wednesday’s closing price. This is a good price, and the stock is available at a 57% discount compared to the 52-week high price. The stock is down almost 80% from its five-year high price of Rs 1664. This means that the stock is available at a very low price.
    
3. Vaibhav Global- The stock has touched a 52-week high of Rs 860 on the bourses. The stock is available for Rs 305 as per Wednesday’s closing. This means the stock is almost 65% from the 52-week high price. This stock has given good returns in the past; the five-year return is almost 200%, while the three-year return is 75% approximately. 
    
4. Mannapuram Finance- The stock has fallen from the 52-week high price of Rs 224.5 to Rs 90.85. The stock is down 59% from the 52-week high price. The stock has been down almost 10% in the last five years. 

Related: Expert Article - 4 key indicators to identify undervalued stocks

Conclusion

Some stocks have fallen more than 50% from the 52-week high prices. This does not mean that the companies are bad; the fall can be due to market factors. You can consider investing in these stocks. The experts believe the stocks to recover in the coming times. If we have a bull market, these stocks can become multibaggers. From Rs 39 to Rs 104 in just 21 days. Do you know about this Multibagger Stock?

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.