D-Street at new high but these 11 Nifty stocks still available at 2022 levels

Indian equities are currently experiencing record trading levels, with the benchmark index Nifty hitting a new all-time closing peak of 18,856 on June 21, 2023. Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 stocks that continue to trade below their 2022 levels. (Data Source: ACE Equity)Within the group of declining stocks, 9 have experienced a fall of over 10% from their 52-week high levels. Interestingly, 9 out of these 11 stocks exhibit more strengths than weaknesses based on the SWOT analysis of Trendlyne data.

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