India, Oct. 23 -- Indian equities have thrown up a mixed bag, and several well-known names are now trading far from their peaks. Among Nifty 500 constituents, five stocks across IT, banking, FMCG, consumer finance and railway financing are currently quoting at least 30% below their 52-week highs. For long-term investors, such deep corrections often raise a familiar question: is this a value opportunity or a warning sign? Here is a closer look at the five stocks. 1. Infosys

India's second-largest IT services company has a market capitalisation of Rs. 4.79 lakh crore. At Rs. 1,176, the stock is down 32% from its 52-week high. Infosys trades at a P/E of about 15.43 and offers a dividend yield of 4.05%. ROCE is close to 40%. In the latest q...