4 Nifty 50 stocks trading at a discount of up to 20% from their 52-week high; Do you own any?

The benchmark indices closed in the green today with the Sensex gaining 64 points and closing at Rs 65,344.17 and Nifty 50 gaining 24 points and closing at Rs 19,355.90. 

Listed below are four stocks present in the ‘Nifty 50’ Index that are trading at a discount of up to 20 percent to its 52-week high level: 

Coal India Limited:

The shares of Coal India Limited closed today at Rs 233.75, slipping about 0.10 percent compared to the previous closing levels of Rs 234. It has a market capitalization of Rs 1,44,053 crores. 

The company recorded its 52-week high of Rs 263.3 in November 2022 and, compared to the same, the current price levels represent a discount of around 11 percent. 

Motilal Oswal gave a ‘Buy’ tag to the stock with a target price of Rs 290 representing an upside of 24 percent as compared to the current price levels. 

Coal India Limited is engaged in the process of mining and producing coal and also operates coal washeries. Some of the products offered by the company include Washed and Beneficiated Coal, Coking Coal, etc. 

Cipla Limited:

The shares of Cipla Limited closed today at Rs 1,017, slipping about 0.40 percent compared to the previous closing levels of Rs 1,020.65. It has a market capitalization of Rs 82,072 crores. 

The company recorded its 52-week high of Rs 1,185.25 in November 2022 and, compared to the same, the current price levels represent a discount of around 14 percent. 

BOB Capital Markets gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,170 indicating an upside of 15 percent as compared to the current price levels. 

Cipla Limited is a drug manufacturing company focusing on a wide range of pharmaceutical products. Some of the products in its portfolio include drugs in urology, respiratory, etc, and complex generics. 

Hindalco Industries Limited: 

The shares of Hindalco Industries Limited closed today at Rs 428, gaining about 1.20 percent compared to the previous closing levels of Rs 422.70. It has a market capitalization of Rs 96,146 crores.

The company recorded its 52-week high of Rs 504 in January 2023 and, compared to the same, the current price levels represent a discount of around 15 percent. 

JM Financial gave a ‘Buy’ tag to the stock with a target price of Rs 535 representing an upside of 25 percent as compared to the current price levels. 

Hindalco Industries Limited is engaged in manufacturing copper and aluminium. Some of its products include aluminum in the form of wire rods, ingots, etc, and other value-added products such as foils, etc. 

UPL Limited:

The shares of UPL Limited closed today at Rs 660, slipping about 0.45 percent compared to the previous closing levels of Rs 663. It has a market capitalization of Rs 49,547 crores. 

The company recorded its 52-week high of Rs 807 in December 2022 and, compared to the same, the current price levels represent a discount of around 18 percent. 

Geojit BNP Paribas gave a ‘Buy’ recommendation on the stock with a target price of Rs 739 indicating an upside of 12 percent as compared to the current price levels. 

With its sales to the agricultural industry, UPL Limited is involved in crop protection operating on a global level. 

Written by Amit Madnani

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