Some of the stocks that have been hit by the bear market include Aurobindo Pharma, Bajaj Consumer Care, Lux Industries, NMDC, and Muthoot Capital.
We have no reservations in recommending that some of the stocks listed above be purchased.
While all of these firms have a strong track record of paying out dividends, some are more appealing because of their prices, while others are more appealing because of their fundamentals.
Take, for example, LIC.
The stock was initially issued at a price of Rs 949 and is now trading at Rs 811.
The company's valuations on numerous indicators are significantly higher than those of private sector peers.
Tata Communications is another wonderful stock to buy.
Around 30% of the world's internet routes are carried by the corporation, which also connects businesses to 60% of the world's cloud giants and 4 out of 5 mobile customers.
The company's capabilities are backed up by its worldwide network, which includes the world's largest wholly owned subsea fibre backbone and a Tier-1 IP network that connects more than 200 nations and territories.
The stock, which had touched a 52-week high of Rs 1590 on the BSE, is now better priced at Rs 985, resulting in a p/e of 24 times, which is affordable.
#52WeekLows
