3 Adani, 1 Tata Group & 2 Birla Group Stocks Fall To 52-week Lows

Several small and midcap stocks have begun trading at 52-week lows. Even stocks owned by renowned group have seen selling pressure. Here are some stocks from among the top groups that have now fallen to 52-week lows.

Adani Group stocks

Among the Adani Group stocks that have dived to 52-week lows are Adani Green Energy, Adani Transmission and Adani Total. The Adani Total stock dropped to a new 52-week low of 678.55, while Adani Green Energy fell to a 52-week low of Rs 439.10 on the National Stock Exchange. Adani Transmission on the other hand dropped to a new 52-week low of Rs 642.90. Adani group stocks have been under relentless selling pressure post the Hindenburg reports. In some cases stocks have fallen as much as 60% in a time frame of 1-month.

Birla Group stocks

Among the Birla Group stocks that fell were Century Textiles and Century Enka. The Century Textiles and Industries dropped to a new 52-week low of Rs 588.00, while Century Enka fell to a new 52-week low of Rs 358 on the NSE. Century Textiles and Industries Ltd has transformed into a commercial powerhouse with interests in diverse industries. A part of the Aditya Birla Group, the business house is has presence in cotton textiles, Pulp and Paper and Real Estate sectors.

Tata Teleservices Maharashtra

Among the Tata Group stocks that fell to 52-week lows was Tata Teleservices Maharashtra which dropped to a 52-week low of Rs 52.10. The stock fell almost 8% on Monday. The company is a leading player in the connectivity and communication solutions market serving enterprise customers. With services ranging from connectivity, collaboration, cloud, security, IoT and marketing solutions, it offers a comprehensive portfolio of ICT services for businesses in India under the brand name Tata Tele Business Services (TTBS).

Disclaimer

Please be informed that the above article is information and should not be construed as an opportunity to buy into stocks mentioned above. Neither the author, nor Greynium Information Technologies should be held responsible for losses based on a decision taken after reading the article.