Several large-cap stocks are trading close to their 52-week lows amid recent market weakness, with names from the insurance and information technology sectors featuring on the list.
The source attributed the broader decline to the US-Iran war and weakness linked to the AI-driven downturn in the IT and technology industry.
Stocks near their 52-week lows
1. SBI Life Insurance Company Ltd
SBI Life operates in the insurance sector.
- Current price: Rs 1,705
- 52-week low: Rs 1,700
- Market capitalisation: Rs 1,71,001 crore
2. HCL Technologies Ltd
HCL Technologies is part of the IT and technology sector.
- Current price: Rs 1,100
- 52-week low: Rs 1,089
- Market capitalisation: Rs 3,00,340 crore
3. Tata Consultancy Services Ltd
Tata Consultancy Services is a large-cap IT company.
- Current price: Rs 2,161
- 52-week low: Rs 2,110
- Market capitalisation: Rs 7,82,165 crore
4. Wipro Ltd
Wipro operates in the IT and technology industry.
- Current price: Rs 180
- 52-week low: Rs 175
- Market capitalisation: Rs 1,89,159 crore
5. HDFC Life Insurance Company Ltd
HDFC Life is engaged in the insurance business.
- Current price: Rs 557
- 52-week low: Rs 543
- Market capitalisation: Rs 1,19,365 crore
6. Infosys Ltd
Infosys is a large-cap company in the IT sector.
- Current price: Rs 1,116
- 52-week low: Rs 1,089
- Market capitalisation: Rs 4,52,972 crore
The source said opportunities are also available among mid-cap and small-cap stocks.
TL;DR:
Six large-cap stocks, including SBI Life, HCLTech, TCS, Wipro, HDFC Life and Infosys, are trading close to their 52-week lows amid recent market weakness.
AI summary:
- Six blue-chip stocks are hovering near their 52-week lows.
- The list includes four IT companies and two insurers.
- TCS has the highest market value at Rs 7,82,165 crore.
- HCLTech and Infosys are close to their yearly lows.
- The source also pointed to opportunities in mid- and small-cap stocks.
