Tensions in Eastern Europe have risen sharply after Russia’s attack on Ukraine and markets around the world have come under pressure. Due to this crisis, the prices of commodities like oil, gas and gold are skyrocketing. Oil prices are expected to rise further, which is directly related to global inflation. In the current situation, investors around the world including India are looking very cautious, due to which pressure is being seen in the global equity market. Most of the Nifty stocks have seen weakness in 2022. Take a look at the Share Special Dr. Reddy’s Laboratories, Ultratech Cement, Wipro, Tech Mahindra and HDFC Life Insurance have seen a decline of 18-24 per cent. However, according to Moneycontrol SWOT analysis, these 5 stocks have more strong points than weakness.
In such Likhita Chepa of Capital Via Global It is said that these 5 stocks are providing a great investment opportunity. These stocks are near the oversold zone and their fundamentals are very strong. Now these stocks can give good returns. These stocks are also trading at an attractive P/E level. All these factors together are indicating that once the ongoing geopolitical tension in the world subsides, these stocks can generate strong earnings in the short term.
Let’s take a look at these stocks
Dr. Reddy’s Laboratories Ltd. , So far in 2022, this stock has seen a decline of 24 percent. The stock was at Rs 4907.00 on 31 December 2021, while the stock closed at Rs 3718.85 on 3 March 2022.
Ultratech Cement Ltd. , So far in 2022, this stock has seen a fall of 21 percent. On December 31, 2021, the stock was at Rs 7591.05, while on March 3, 2022, the stock closed at Rs 5980.70.
Wipro Ltd. , So far in 2022, this stock has seen a decline of 20 percent. The stock was at Rs 715.35 on 31 December 2021, while the stock closed at Rs 569.55 on 3 March 2022.
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Tech Mahindra Ltd. , So far in 2022, this stock has seen a decline of 20 percent. On December 31, 2021, the stock was at Rs 1790.55, while on March 3, 2022, the stock closed at Rs 1426.65.
HDFC Life Insurance Co Ltd. ,So far in 2022, this stock has seen a fall of 18 percent. The stock was at Rs 649.55 on December 31, 2021, while the stock closed at Rs 531.75 on March 3, 2022.
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