

Five fundamentally strong Nifty 500 stocks near 52-week lows
Subscribe to enjoy similar stories. Although the Nifty hovers near all-time highs, the broader market continues to correct, revealing a very different story beneath the headline index. Even within the Nifty, the recent upmove has been driven by a narrow set of names in banking, autos, and metals, while most other sectors have struggled to find momentum.
The Nifty 500 is up by barely 3% over the past year, and the pressure on individual stocks is intense. A handful of companies with steady balance sheets, resilient cash flows, and strong operating discipline have slipped to their 52-week lows. This editorial covers five fundamentally strong Nifty 500 companies trading near 52-week lows.
Let's take a look… First on the list is ITC, which is just 2.6% above its 52-week low of ₹390 per share. ITC is India's leading cigarette company, with three main business verticals: FMCG, paperboards, paper and packaging, and agri business. It has a portfolio of 25 world-class Indian brands that reach over 260 million homes in India.
Its non-cigarette businesses have grown nearly 40-fold since 2000 and constitute about two-thirds of net segment revenue. The balance comes from the cigarette business. ITC revenue declined 2.4% year-on-year to ₹19,500 crore in the September quarter of FY26.
However, profit after tax (PAT) surged 2.6% to ₹5,190 crore. Heavy rains and the transition to the new GST system impacted the FMCG business. Cigarette revenue increased 6.8%, driven by premium offerings.
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