These 5 Shares, which range from HDFC Bank to Dr. Reddy’s Lab, have fallen up to 38% from their 52-week high

Just 7% separates HDFC Bank’s share price from its 52-week low.

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Many high-quality equities have retraced in the most recent sell-off that was precipitated by the outbreak of the Russia-Ukraine war as a result of profit-taking. In fact, a few high-quality equities have reversed their gains from their 52-week highs to their 523-week highs. Here are 5 equities that have fallen up to 38% from their 52-week highs and are relatively near to their 52-week lows:

  1. Bajaj Finserv: On Friday, this mid-cap company concluded at values of ₹11,831 per share, while its 52-week high is ₹19,325 per share. This indicates that the stock is currently trading about 38% below its 52-week high, while its 52-week low is ₹10,727 per share. This indicates that the financial stock is only 10% above its 52-week low.
  2. HDFC Bank: On Friday, this banking stock concluded at a price of ₹1364 a share. Its 52-week high per share is ₹1725 and its 52-week low is ₹131.60. This indicates that the share price of HDFC Bank is trading at a discount of around 21% from its 52-week high and at a premium of about 7% from its 52-week low. In other words, the share price of HDFC Bank has recovered 21% from its 52-week highs and is now higher than 7% from its 52-week lows.
  3. Axis Bank: On Friday, shares of this banking firm concluded at a price of ₹662.50 per share. Shares of Axis Bank have a 52-week high of ₹866.90 and a 52-week low of ₹618.25. As a result, the stock is currently trading 23.50% below its 52-week high while sitting roughly 7% above its 52-week lows. The banking stock, which has a market worth of ₹2.03 lakh crore, has produced no return over the past year and thus far.
  4. Dr. Reddy’s Lab: Shares of this pharmaceutical company are currently trading for ₹4532.55 per unit. Its 52-week high for the share is ₹5,447, and its 52-week low is ₹3,654. This indicates that Dr. Reddy’s stock price is currently trading about 17% below its 52-week high and 24% above its 52-week lows. This pharmaceutical stock has lost more than 15% in the past year, while it has lost more than 6% year to date, providing shareholders with no return in the past year or in 2022.
  5. Asian Paints: On Friday, this stock’s NSE closing price was ₹2,978.40 a share. Its 52-week high per share is ₹3,590, and its 52-week low is ₹2,560. As a result, the stock is currently trading 17% below its 52-week high and roughly 15% above its 52-week low. The chemical stock has lost nearly 12% of its value so far this year, compared to zero return over the past year.