Top 5 Nifty 50 stocks that declined most from their 52 week high

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Stocks at discount

Currently,  there is a lot of volatility in the stock market. One of the things investors should do in such market conditions is to stick to large caps stocks. To help you further in your search, we are listing the top 5 NIFTY50 stocks that have declined most from their 52 week high. Investors can look at which sector they want to increase their allocation in and invest accordingly.

NameSub-SectorMarket-CapClose Price% Away from 52W High5Y CAGR %
Hero MotoCrop2- Wheeler47,087.12,347.454.6%-4.93
IndusInd BankPrivate Bank65,534.5857.244.89-4.63
Coal IndiaMining86,709.59144.6540.89-13.12
Bajaj Auto2- Wheeler89,854.253,310.839.313.9
Tata SteelIron & Steel1,29,162.61,105.138.8622.26

Hero Motocorp - Hero Motocorp touched a 52 weeks high of Rs 3629 per share on 18 Feb 2021. Now, it is trading at Rs 2347, 54.6% away from the 52 week high from the current level. There had been a sharp MoM decline in motorcycle sales. From a high of 5,05,957 in October to 3,29,185 November. The decline in sales is the primary reason for the fall in share price. Emkay Global Financial Services has given a target price of Rs 3700.

IndusInd Bank - The bank which is the frontrunner to buy Citi Bank retail business has seen a significant fall in the last one and a half months. From Rs 1245 on 28 October, it has come down to Rs 857 now. It is approximately 45% away from its 52 weeks high. We have covered in detail what are the issues with the bank in November. Kotak Securities has given a target price of Rs 975 for IndusInd Bank.

Coal India - One of the Navratna companies of India touched a 52 weeks high of Rs 203 on 6 October. From that level, it has corrected to Rs 145, and now it is 41% away from its 52 weeks high. Investors looking for companies with high dividend income should consider this stock. The company has been declaring a good dividend, and for FY21, Coal India announced a dividend of Rs 16 per share. This translates to a dividend yield of 10.93%. The company is likely to maintain a steady stream of dividends in the coming years. Edelweiss Securities has given a target price of Rs 210 for Coal India.

Bajaj AutoThe company touched a 52 weeks high in February at Rs 4361. Since then, it has been continuously falling, and today it is 39% away from its 52 week high. A sharp decline in stock price has dragged Bajaj Auto's market capitalization below the Rs 1-trillion mark. Yesterday, it was removed from the 30-share Sensex and replaced by Wipro. Analysts expect the domestic 2W market to remain soft while recovery is expected from Q4FY22 onwards. Axis Securities has given a target price of Rs 4500 per share for Bajaj Auto. 

Tata Steel The steel giant from India is trading at Rs 1105 while its 52 week high was Rs 1534 on 16 August. Tata Steel is falling because of overall bearishness in the steel industry. The second reason is the slow pace of debt reduction in the company. ICICI Direct has given a target price of Rs 1400 for the company, and the time period is one year.