Many stocks recently witnessed an over-correction, as high as 15%, when the Nifty index corrected 8% as of October 24 from it's all-time high of 26,277.35 made on September 24. The index is now trading below the 24,300 level and also below most of its significant exponential moving averages (EMAs).Domestic brokerage firm Emkay Global in a report stated that 64% of the stocks in their coverage universe have fallen more than 15% from their 52-week high, which may now provide an attractive opportunity if they buy this dip.However, it is to be noted that the negative momentum may not turn around immediately in these stocks, but they are all attractive from a 1-year perspective. Below is the list of the same:IndusInd BankThe MFI pain is temporary and this is not a classical down-cycle that wipes out large parts of the book. The bank’s decision to sacrifice growth rather than compromise on credit standards is an overlooked positive. The auto book should also see better traction in 2HFY25. The NPLs in some categories may persist for another 1-2 quarters, but it is more of a seasoning factor than a major asset quality crisis.The deposit franchise has held through the last 12M despite a hostile operating environment.Improved growth is also expected as the RBI eases liquidity. Stock is available at 1.2x PBV (1YF) and prices in a worst-case scenario on asset quality and growth. As both normalize, there is scope for significant rerating.SaregamaThe stock seems to have negatively reacted to the company losing out on the bid to acquire Dharma Productions. Dharma is a lumpy, asset-heavy, low-margin business which would have hurt Saregama’s balance sheet and return ratios. The long-term prospects for the music licensing business is robust. The penetration of paid users, at below 3%, has significant upside. There are lumpy costs for acquiring music rights, so quarter-to-quarter may not be the best way to look at this business.The stock has corrected 26% from its peak and is now at 30x PER 1YF, supported by EPSg above 25% (from FY26E), consistent and rising ROIC of >20%, and steady OCF/EBITDA at 60% (FCF is weak for FY25/FY26).Escorts KubotaThe stock recently corrected following the divestment of its Railway Equipment Division to Sona BLW, as the valuation at which it sold appeared to be lower than expected. However, this may present a buying opportunity given the positive agricultural outlook from an above-average monsoon leading to a pickup in rural demand and favorable industry base that could support a tractor upcycle, which may start from H2FY25. Additionally, Escorts’ strategic initiatives in product expansion, channel development, and increased capacity to address opportunities in India and export markets, alongside Kubota’s growing sourcing from India, are likely to support mid-to-long term growth. Stock has corrected 18% from its peak and trades at 24x core Sep-26E PER vs 27x for M&M, supported by 16% EPS CAGR in FY25E-27E and >30% ROIC.Hero MotoCorpEmkay believes that the 2W cycle is not done yet. Structural issues like high penetration notwithstanding, the stock is coming out of a 5+ year downcycle and the upswing is not seen dying out in 2-3 years. The share of budget 2W is rising after a long hiatus, and that benefits HMCL more than others.Channel checks suggest strong festive demand, so the weak 2Q numbers look like an aberration. The stock is now at a very reasonable 18x 1YF, and with a promising 2HFY25 looming, this looks like a good entry point.Mahindra FinanceRaul Rebello, the CEO, is strengthening the business with improved credit delivery and controls. A credible path to 2.5% ROA can be foreseen, even if it takes some time to get there. Diversification of the portfolio is another long-term positive that will strengthen the business and reduce ROA volatility. The recent clean-up of the book (a long-term positive) provoked a sell-off that has brought the stock to an attractive 1.5x PBV. A strong rerating opportunity is also visible, even if it takes some time (1-2 years).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)