28 Good Quality Stocks That Dropped To 52-Week Lows

It has not been good going for the markets in the last few trading sessions in the light of news from the US on the SVB Bank. To make matters worse Moody's Investors Service cut its view on the entire banking system in the US to negative from stable. The firm, part of the big three rating services, said Monday it was making the move in light of key bank failures that prompted regulators to step in Sunday with a dramatic rescue plan for depositors and other institutions impacted by the crisis. This is likely to continue to put pressure on the Indian markets as well.

Here are 28 good quality stocks that dropped to 52-week lows in trade

Aarti Surfactants, ABSL AMC, Aditya Birla Fashions, Alkyl Amines, Balaji Amines, Bandhan Bank, Barbeque Nation, Blue Dart, CDSL, Cipla, Divis Labs, Dr Lal's, Eris Lifesciences, Excel, Gillette India, Golden Tobacco, Graphite, ICICI Lombard, ICICI Prudential, IPCA Labs, Kopran, MMTC, Motilal Oswal, TV Today Network, Page Industries, United Drilling, TMB, Tatva Chintan.

Apart from the above list there were many other good quality stocks that dropped in trade. The problem with the markets right now is that while the indices are still not bad in terms of fall, individual stocks are seeing a severe erosion, especially where there has been a severe drop in profitability. Insurance, media and pharma stocks seem to be seeing a constant drop in their share prices. Apart from this select textile, clothing brands and innerwear stocks have also been bearing the brunt of poor quarterly numbers. There is nothing much that investors can do at this juncture, but, to continue to hold into some of these stocks.

The problem is now is how far the stocks would dip even further. It is hard to say given that in some cases, there has been no bottom and the stocks continue to slide even further. A classic case is like TV Today, where there has been a constant slide seen in the stock. Investors are therefore advised not to catch a falling knife.

Disclaimer

This article is for information purposes only and highlights some of the stocks that fell to new 52-week lows in trade. The article should be treated as informational and not an advisory to invest and there are no buy, sell of hold calls made. Neither the author, nor Greynium Information Technologies Pvt Ltd should be held responsible for decisions based on this article.