D-Street at new high but these 11 Nifty stocks still available at 2022 levels

Indian equities are currently experiencing record trading levels, with the benchmark index Nifty hitting a new all-time closing peak of 18,856 on June 21, 2023. Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 stocks that continue to trade below their 2022 levels. (Data Source: ACE Equity)

Within the group of declining stocks, 9 have experienced a fall of over 10% from their 52-week high levels. Interestingly, 9 out of these 11 stocks exhibit more strengths than weaknesses based on the SWOT analysis of Trendlyne data.

The stock's trading price was Rs 3858 on December 30, 2022, and it decreased to Rs 2406 on June 21, 2023, representing a fall of 43% from its 52-week high price of Rs 4190.

- Strong Annual EPS Growth
- Growth in quarterly net profit with increasing profit margin (YoY)
- Book value per share improving for last 2 years
- Company with decreasing promoter pledge
- FII/FPI or institutions increasing their shareholding

The stock's trading price was Rs 1508 on December 30, 2022, and it decreased to Rs 1299 on June 21, 2023, representing a fall of 22% from its 52-week high price of Rs 1673.

- ROE improving since last 2 year
- ROA improving since last 2 year
- Company with no debt
- Annual net profits improving for last 2 years
- Company with zero promoter pledge

Promoters held 34.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.76 per cent, DIIs 21.52 per cent.

The stock's trading price was Rs 818 on December 30, 2022, and it decreased to Rs 749 on June 21, 2023, representing a fall of 24% from its 52-week high price of Rs 988.

While this stock exhibits more weaknesses than strengths, it is essential to highlight its key strengths.
- Improving cash flow from operation for last 2 years
- Book value per share improving for last 2 years
- Company with decreasing promoter pledge
- FII/FPI or institutions increasing their shareholding

The stock's trading price was Rs 614 on December 30, 2022, and it decreased to Rs 566 on June 21, 2023, representing a fall of 10% from its 52-week high price of Rs 630.

- Growth in quarterly net profit with increasing profit margin (YoY)
- Increasing revenue every quarter for the past 4 quarters
- Increasing profits every quarter for the past 3 quarters
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years

The stock's trading price was Rs 1076 on December 30, 2022, and it decreased to Rs 1009 on June 21, 2023, representing a fall of 15% from its 52-week high price of Rs 1185.

- Growth in quarterly net profit with increasing profit margin (YoY)
- Company with low debt
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with zero promoter pledge

The stock's trading price was Rs 716 on December 30, 2022, and it decreased to Rs 686 on June 21, 2023, representing a decrease of 15% from its 52-week high price of Rs 807.

- Increasing revenue every quarter for the past 3 quarters
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding

The stock's trading price was Rs 1548 on December 30, 2022, and it decreased to Rs 1519 on June 21, 2023, representing a fall of 18% from its 52-week high price of Rs 1844.

- Growth in quarterly net profit with increasing profit margin (YoY)
- Company reducing Debt
- Increasing revenue every quarter for the past 3 quarters
- Annual net profits improving for last 2 years

The stock's trading price was Rs 393 on December 30, 2022, and it decreased to Rs 386 on June 21, 2023, representing a fall of 13% from its 52-week high price of Rs 445.

While this stock exhibits more weaknesses than strengths, it is essential to highlight its key strengths.
- Company with Low Debt
- Increasing profits every quarter for the past 3 quarters
- Book value per share improving for last 2 years
- Company with zero promoter pledge
- FII/FPI or institutions increasing their shareholding

The stock's trading price was Rs 768 on December 30, 2022, and it decreased to Rs 759 on June 21, 2023, representing a fall of 4% from its 52-week high price of Rs 787.

- Increasing profits every quarter for the past 2 quarters
- Improving cash flow from operation for last 2 years
- Company with decreasing promoter pledge
- FII/FPI or institutions increasing their shareholding

The stock's trading price was Rs 1001 on December 30, 2022, and it decreased to Rs 992 on June 21, 2023, representing a fall of 7% from its 52-week high price of Rs 1072.

- Company with Low Debt
- Annual net profits improving for last 2 years
- Book value per share improving for last 2 years
- Company with decreasing promoter pledge
- FII/FPI or institutions increasing their shareholding