These 5 fundamentally strong stocks are near their 52-week lows. Should you buy?

livemint.com:

fair value of a stock, many believe that price history should be given the highest importance. This view operates on the premise that whatever you know is already known to the market and has been factored into the price. However, it would be incorrect to assume that the price correctly reflects every development in a company.

Markets are not always efficient, and investors can gain significantly by identifying anomalies. For this reason, investors often track the 52-week low and high prices of a stock to gauge general market sentiment. These price points can become psychological support levels.

For instance, if a stock falls to its 52-week low and then rebounds, investors may expect it to bounce back again if it approaches this low in the future. Here are a few such stocks you could consider adding to your watch list. CCL Products (India) Ltd is the world’s largest private-label manufacturer of instant coffee, with a capacity of 35,000 tonnes.

It exports to over 90 countries, and exports contribute over 90% of its sales. The company is second only to Nestle in India’s coffee market. It does not own coffee plantations but sources the raw material (green coffee) from various countries.

It follows the policy of ‘sell first and then produce’, and prices its contracts and procures raw material accordingly. This allows it to maintain relatively stable gross margins despite the fluctuations in green coffee prices. The company has strong client relationships, with some dating back decades.

It has three main facilities for manufacturing instant coffee – one in Vietnam and two in India. It has another unit in Switzerland for value addition, which allows it access to European markets. CCL Products is gradually focusing on the B2C