Despite ongoing volatility in the Indian stock market, several fundamentally strong companies are trading near their 52-week lows, presenting potential opportunities for long-term investors. The SENSEX fell 1,065 points while Nifty 50 declined 353 points to 25,232, creating a challenging environment where quality stocks with robust fundamentals are available at attractive valuations.

Companies with strong balance sheets and sustainable earnings have historically created long-term wealth, rewarding investors even during periods of market uncertainty. The following six stocks demonstrate solid business fundamentals despite trading close to their annual lows.

Engineering and Infrastructure Leaders

ABB India Ltd, the Bengaluru-based engineering and technology firm, provides industrial automation, robotics, power grids, and electrification solutions. The company reported strong operational performance in its latest quarter:

The company maintains impressive long-term metrics with a 3-year profit CAGR of 63% and sales CAGR of 21%, though recent TTM figures show moderation at 5% and 12% respectively.

Power Grid Corporation of India , India's largest electric power transmission utility, continues its steady operations despite modest growth rates. The Gurugram-based company showed resilient performance:

Power and Pharmaceutical Sectors

SJVN Ltd, the government-owned renewable energy company, focuses on hydroelectric, solar, and wind power generation. Based in Shimla, the company reported mixed quarterly results with revenue growth of 0.5% YoY to ₹1,032 crores, though net profits declined 30% YoY to ₹308 crores. The stock trades at ₹71.88, just 4% above its 52-week low of ₹69.

Sun Pharmaceutical Industries Ltd, India's largest pharmaceutical company, demonstrated solid growth momentum. The Mumbai-based company achieved 9% YoY revenue growth to ₹14,478 crores and 2.8% net profit growth to ₹3,125 crores in Q2FY26. With a 3-year profit CAGR of 20% and current trading price of ₹1,612, the stock remains only 4% above its 52-week low of ₹1,547.

Diversified Business Models

Adani Enterprises Ltd showed remarkable profit recovery with 71% YoY net profit growth to ₹3,414 crores, despite a 6% revenue decline to ₹21,249 crores. The flagship Adani Group company maintains an impressive 3-year profit CAGR of 78%, with shares trading at ₹2,056, merely 4% above the 52-week low of ₹1,964.

Avenue Supermarts Ltd (DMart) continues its retail expansion with strong financial performance. The company reported 13% YoY revenue growth to ₹18,101 crores and 18% net profit growth to ₹856 crores in Q3FY26. With consistent growth metrics including a 3-year profit CAGR of 22%, the stock trades at ₹3,661, approximately 9% above its 52-week low of ₹3,337.

Investment Considerations

These companies span diverse sectors from power transmission and pharmaceuticals to retail and engineering, offering varied exposure to India's economic growth. While short-term market volatility has pressured valuations, the fundamental business strength of these companies remains intact, as evidenced by their operational metrics and historical performance records.

Power Grid Corporation of India Ltd announced the successful commissioning of a significant transmission infrastructure project by its wholly owned subsidiary POWERGRID Bhadla Sikar Transmission Limited. The company disclosed this development through a regulatory filing under SEBI Regulation 30 on January 16, 2026.

Project Details and Commissioning

The commissioned project involves the "Transmission system strengthening scheme for evacuation of Power from Solar energy Zones in Rajasthan (8.1GW) under Phase II – Part E." POWERGRID Bhadla Sikar Transmission Limited secured this Inter-State Transmission System project through Tariff Based Competitive Bidding, demonstrating the subsidiary's competitive capabilities in the transmission sector.

Commercial Operation Status

The transmission project achieved complete commissioning with effect from January 14, 2026. The Notification for Commercial Operation (DCO) was subsequently received via email on January 16, 2026, marking the formal commencement of commercial operations for this critical infrastructure.

Strategic Significance

This transmission system plays a crucial role in strengthening India's renewable energy infrastructure by facilitating the evacuation of solar power from Rajasthan's Solar Energy Zones. The project's 8.1GW capacity represents a substantial addition to the country's transmission network, supporting the integration of renewable energy into the national grid.

Corporate Structure

POWERGRID Bhadla Sikar Transmission Limited operates as a wholly owned subsidiary of Power Grid Corporation of India Ltd, executing specialized transmission projects through competitive bidding processes. The subsidiary's successful project completion demonstrates the parent company's operational excellence in transmission infrastructure development.