The second wave of the Corona epidemic dominated the stock market’s steady decline. Because many states, including Delhi, have been banned like lockdowns to prevent corona infection. Due to which there is a continuous decline in the market in April.
Earlier, when the Corona cases were extremely low in the country in February, at that time the Sensex-Nifty was setting a record for a higher level. While the Sensex crossed the 52,000 mark in February, it has now fallen below 48,000. While the Nifty has fallen from 15,431 to 14,300.
During this period, there are 5 such stocks listed in the Nifty, which have broken more than 20 percent since reaching their 52 week high in February just two months ago. Most of them are big banks and auto stocks. Most of the stock market experts are recommending a small investment in these stocks. Expert says that as soon as there will be a fall in the corona cases, these stocks will once again see a boom.
State Bank Of India
Stocks of the country’s largest government bank (SBI) have fallen nearly 24% from their peak in February. On February 18, SBI’s stock was trading at Rs 428, which has fallen below Rs 330 on April 20.
Hero MotoCorp Ltd
Hero MotoCorp shares have fallen nearly 23 per cent from their February highs. The stock touched an all-time high of Rs 3,629 in February. But it was rolled down and closed at Rs 2817 on 20 March.
Maruti Suzuki India Ltd
The country’s largest car manufacturer Maruti Suzuki India Ltd. is trading at around 20 percent below its previous 52-week high. The stock touched a maximum of Rs 8,329 on January 12. Currently, Maruti Suzuki shares are at Rs 6640.
Bajaj Finance Ltd
Bajaj Finance shares closed at Rs 4597 on April 20. Whereas it reached a price of Rs 5,822 per share in February. That is, the share prices of this company have fallen by more than 23 percent in the last 2 months.
Coal India Ltd
Shares of Coal India Limited reached their 52-week high on 26 February. The stock touched a high of Rs 163 in February -21. From where this stock has broken down by about 24 per cent. The stock closed at Rs 124.50 on Tuesday.
