10 NEPSE Stocks Trading Below Rs 220: Where Do They Stand Against Their 52 Week Highs and Lows?

With several listed companies trading below the Rs 220 mark, investors in the Nepal Stock Exchange (NEPSE) can find a range of shares at relatively low nominal prices. Based on the yesterday’s closing data (Kartik 16,2083), 10 stocks were trading below Rs 220, with prices ranging from Rs 158 to Rs 218. Here are the list of companies that are currently trading below 220 mark. Cheapest tradable stock in market. (Price of the companies are subject to change)

Among these stocks, NIMBPO recorded the lowest closing price at Rs 158.20, followed by RHPL at Rs 170.50. HIDCLP and PRVU closed at Rs 188.50 and Rs 189, respectively. UPPER followed at Rs 192.80, while HBL closed at Rs 203. SSHL, NIMB, MEL and HDHPC completed the list, with closing prices of Rs 207, Rs 210.90, Rs 212 and Rs 218, respectively.

Looking at their 52 week price movements, RHPL recorded the widest gap from its yearly high. Its closing price of Rs 170.50 is 47.54% below its 52-week high of Rs 325. Similarly, MEL, which closed at Rs 212, is 35.37% below its yearly high of Rs 328, while HDHPC is trading 20.44% below its 52-week high of Rs 274.

On the other hand, NIMBPO and NIMB are trading relatively closer to their respective 52-week highs. NIMBPO closed at Rs 158.20 against its yearly high of Rs 174.90, a difference of around 9.55%. Likewise, NIMB closed at Rs 210.90, just 9.29% below its 52-week high of Rs 232.50. HBL also remains relatively close to its yearly high of Rs 237, with a closing price of Rs 203.

In contrast, RHPL and MEL are trading relatively close to their 52-week lows. RHPL is only 9.29% above its yearly low of Rs 156, while MEL is 8.72% above its low of Rs 195. HIDCLP is also trading 8.08% above its 52-week low of Rs 174.40.

Overall, the figures show considerable differences in the price positions of these 10 stocks. While NIMBPO has the lowest market price, RHPL and MEL have the largest gaps from their respective 52-week highs. Meanwhile, SSHL has recorded the highest gain from its yearly low among the selected stocks.

A low share price, however, does not necessarily mean a stock is undervalued or a good investment opportunity. Investors should also consider company earnings, financial position, net worth, dividend history and future prospects before making investment decisions.