These 21 stocks need to rally up to 200% to revisit 52-week highs!

NEW DELHI: A total of 21 BSE500 stocks, a few loss-making, have lost half to two-thirds of their value over their 52-week highs. These stocks require a 100-200 per cent jump if they were to revisit their recent peaks again, making investors wonder whether the stocks are past their prime.

Among them is drug maker Strides Pharma, which has been reporting losses for the past couple of quarters. The scrip is down 66 per cent since its April 2021 high of Rs 946.80 and would need a 197 per cent rise if it were to revisit that level again. Not many analysts track this stock. A median price target estimate of five analysts suggests an up to 70 per cent potential upside for the stock. The lowest target suggests a 12 per cent upside.

Dilip Buildcon is another stock that has been under the bear grip. This stock is off 65 per cent from its October 2021 high of Rs 749.30. For this stock to revisit its 52-week high again, it requires a 191 per cent rally. Median price target estimates of nine analysts suggest up to 91 per cent upside for this counter. The lowest of the nine targets suggest a 28 per cent upside. The company too is reporting losses for the last few quarters.

Tata Teleservices (Maharashtra), Solara Active Pharma Sciences, Vaibhav Global, Sequent Scientific, Jubilant Pharmova and Spandana Sphoorty Financial need to rally 133-183 per cent to revisit their 52-week highs. Among these stocks, Tata Teleservices hit its one-year high in January 2022 while the rest of the stocks hit theirs in May and June of 2021.

Tata Group's Tata Teleservices also is a loss-making firm and most of its free float is held with retail investors and HNIs. This stock needs a 183 per cent rally to revisit its January high of Rs 291.05.

Solara Active requires a 170 per cent rally if it were to revisit its May 2021 high. A median price target of four analysts suggests a 30 per cent potential upside for the stock. The lowest target suggests a 25 per cent downside.

To revisit 52-week highs, Vaibhav Global needs a 164 per cent surge, Sequent Scientific 163 per cent rise, Jubilant Pharmova and Spandana Sphoorty Financial 133 per cent jump each and Wockhardt 132 per cent climb.

HEG (129 per cent), PNB Housing (129 per cent), Indiamart Intermesh (120 per cent), Ujjivan Small Finance Bank (116 per cent), Indiabulls Housing Finance (116 per cent), General Insurance Corporation of India (114 per cent) and Vakrangee (110 per cent) also require big rallies to climb to their 52-week highs.

IOL Chemicals And Pharmaceuticals, Hikal, Lux Industries, Brightcom Group and RBL Bank remained other stocks requiring over 100 per cent jump to match previous highs.