6 fundamentally decent stocks are down 50% from their 52-week high

For the market, 2018 has been a bad year. Benchmark indices are are currently down nearly 10 percent from their 52-week highs and for some stocks, the downer has been much harsher.

Several stocks fell considerably during the recent sell-off and some of them happen to be fundamentally good.

identified stocks from the BSE universe that are now trading over 50 percent lower than their 52-week high prices, and also meet the following criteria:

1.  Both return on equity (ROE) and return on capital employed (ROCE) should be upwards of 25 percent in each of the last three fiscal years

2. Market capitalisation is greater than Rs 100 crore.

Only six stocks made the cut – PTL Enterprises, Arrow Greentech , Stampede Capital, Indo Count Industries, Vakrangee and Kesar Petroproducts.

ROE ROCE 52-week low

fall-from-52-week-high (1)

Margins Profile

Kesar Petroproducts and PTL Enterprises are the only companies that reported better margins every year for the last three financial years.

PAT EBIDTA 52-week low new

Price Perfomance:

Almost all these stocks turned out to be multi-baggers over the las three financial years, as indicated below:

Price Performance 52-week low

Note: This story is a mere representation of numerical data. Qualitative aspects have not been considered for any of the stocks stated above.moneycontrol

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