Plan to go bottom-fishing? Check out these stocks

IndusInd Bank, ICICI Prudential Life, LIC Housing, Piramal Enterprises, Godrej Properties and DLF are among Jefferies’ bottom-fishing ideas. These stocks are down over 25% from their 52-week highs and offer a median 29% compounded earnings growth over FY22-FY24 period, said the brokerage.

Nifty is down about 16% from its all-time high amid geopolitical tensions, high crude oil prices, growth slowdown concerns and aggressive central bank rate hike fears. Infosys, Coforge, Jubilant Food, Godrej Consumer, Dixon Technologies, Crompton Greaves Consumer Electricals, Voltas, Fortis Healthcare and Gland Pharma are also among Jefferies’ top bottom-fishing ideas.