In this article, we will look at some of the major large-cap companies that are trading at a discount of over 20 per cent from their 52-week high. These companies are fundamentally stable and provide opportunities for long-term wealth creation.
1. Adani Enterprises
Adani Enterprises Ltd is a diversified conglomerate in several sectors including green energy, data centers, airports, roads, mining, copper, and defense. Other business lines include airport retail, defense equipment, agriculture sourcing claims, industrial wastewater treatment, and media operations, promoting themselves as one of the key players in India’s infrastructure and new-age sectors. The stock has delivered a robust return of 1,545.31 percent over the past five years and is currently trading at a 25 percent discount from its 52-week high.
2. Adani Power
Adani Power Ltd is a leading power generation company in India. It produces and sells electricity through long-term and short-term power purchase agreements, primarily using thermal energy.
It operates major coal-based power plants across Gujarat, Maharashtra, Rajasthan, Karnataka, Chhattisgarh, Madhya Pradesh, and Jharkhand. The stock has delivered a robust return of 1,397.76 percent over the past five years and is currently trading at a 25 percent discount from its 52-week high.
3. Asian Paints
Asian Paints is regarded as a top and trusted decorative paint company in India that provides a diverse range of paints, coatings, waterproofing solutions, adhesives, and home décor products.
It has expanded into full-service products such as painting solutions, modular kitchens, and bath fittings to build a strong brand affinity among homeowners and professionals in the renovation space. The stock has delivered a return of 37.41 percent over the past five years and is currently trading at a 34.43 percent discount from its 52-week high.
4. Coal India
Coal India Ltd. is a coal-mining and production company based out of India that started its operations in November 1975. It is the single largest coal producer in the world. It produces around 83% of India’s overall coal production. The stock has delivered a return of 184.52 percent over the past five years and is currently trading at a 28 percent discount from its 52-week high.
Written by Satyajeet Mukherjee
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