Several fundamentally strong stocks have seen a sharp correction from their 52-week highs, putting their current prices at a significant discount to recent levels. Such declines can bring established businesses into focus, especially when their underlying operations continue to show growth potential.
In this article, we look at five stocks from the FMCG, infrastructure and consumer sectors that are trading up to 43 percent below their 52-week highs. We also examine the brokerage targets and the key business factors that could support their future growth.
Hindustan Unilever Ltd
Hindustan Unilever Ltd is one of India’s largest FMCG companies, with a wide portfolio across home care, beauty and personal care, foods and beverages. Its brands include Dove, Lux, Surf Excel, Rin, Lifebuoy, Horlicks and many others. The company has a strong distribution network and caters to a large consumer base across urban and rural India.
With a market capitalization of around Rs 4,41,841 crore, Hindustan Unilever shares were trading at Rs 1,880, nearly 26.3 percent below their 52-week high. Prabhudas Lilladher has given a target of Rs 2,320, implying 23.20 percent upside, supported by expectations of improved demand, margin recovery and strong brand positioning.
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NCC Ltd
NCC Ltd is an infrastructure and construction company headquartered in Hyderabad. The company undertakes projects across buildings, transportation, water and environment, irrigation, railways, mining and electrical transmission and distribution. With a pan India presence and diversified operations, NCC executes large EPC projects for government and private sector clients.
With a market capitalization of Rs 8,149 crore, the shares were last trading at Rs 130 per share, down 40 percent from their 52-week high. Prabhudas Lilladher has given a target price of Rs 195, implying an upside of 50 percent, supported by NCC’s strong order book, improving execution, and expectations of revenue growth and margin improvement in FY27.
Britannia Industries Ltd
Britannia Industries Ltd is one of India’s leading food companies, with a strong presence across biscuits, dairy, bakery, and other packaged food products. The company has a wide distribution network and a portfolio of established brands, helping it serve a large consumer base across the country.
With a market capitalization of Rs 1,15,532 crore, Britannia Industries shares were last trading at Rs 4,796 per share, down 23.5 percent from their 52-week high. Motilal Oswal has given a target price of Rs 6,700, implying an upside of 40 percent, supported by improving volume growth, recovery in general trade and continued market share gains.
Colgate-Palmolive (India) Ltd
Colgate-Palmolive (India) Ltd is a leading oral care company in India, known primarily for its Colgate brand. Its portfolio includes toothpastes, toothbrushes, toothpowders, mouthwashes and other oral care products, along with personal care products under the Palmolive brand. The company has a wide distribution network and focuses on premiumisation and product innovation.
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With a market capitalization of Rs 48,921 crore, the shares were last trading at Rs 1,799 per share, down 23 percent from their 52-week high. Prabhudas Lilladher has given a target price of Rs 2,242, implying an upside of 24.6 percent, supported by premiumisation, volume growth, product innovation and increasing e-commerce penetration.
Safari Industries (India) Ltd
Safari Industries (India) Ltd is engaged in the manufacturing and marketing of luggage, backpacks and travel accessories. Its portfolio covers both hard and soft luggage, catering to different consumer segments through multiple channels including e-commerce, retail stores, exclusive outlets and its direct-to-consumer platform. The company has expanded its distribution network while building its presence in India’s growing luggage market.
With a market capitalization of Rs 7,029 crore, the shares were last trading at Rs 1,434 per share, down 43 percent from their 52-week high. Prabhudas Lilladher has given a target price of Rs 1,953, implying an upside of 36.1 percent, supported by improving margins, benefits from backward integration, and higher utilisation at its Jaipur facility.