Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
25 Bluechip Stocks At 52-Week Lows, Bears Tighten Grip On Broader Markets
Markets have been falling in the last few weeks as banking concerns linger on, along side rising interest rates. The Sensex and the Nifty have fallen in tandem with the global markets and there could be a further downside as well. Broader markets have taken a beating and several stocks have hit 52-week lows.
25 bluechip stocks at 52-week lows
Among the stocks that hit 52-week lows include Aarti Surfactants, ABSL AMC, Alkyl Amines, Amber Enterprises, Aster life, Avanti Feeds, Barbeque Nation, Bombay Burmah, BSE Ltd, Caplin Labs, DCM Shriram, Deccan Cements, Excel,Godrej Agrovet, Godrej Properties, Gujarat Alkali, HOEC, IFB Agro, Jindal Polyfilms, Kopran, Laurus Labs, Lux Industries, Motilal Oswal, TV Today Network and Sobha.
Before you buy into some of these stocks it is better to study the fundamentals and see if there has been any structural changes, which has led to some pounding in these stocks. Some of these companies have seen their margins erode significantly on account of higher input costs, leading to poor quarterly numbers, which has led to hammering in these stocks.
Broader markets continue to see selling pressure
Broader markets have seen sustained selling pressure even as the Sensex is holding near the 57,500 points. From here on, there could be a limited downside given as domestic institutions could support given the huge cash pile they are sitting on.
However, Foreign Portfolio Investors may continue to sell into the markets as banking woes are likely to continue a cross the globe. All eyes are likely to be on corporate numbers that are slated to be released in the coming weeks. Apart from this, all eyes would also be on the monetary policy due later next week.
Disclaimer
The above article is for information only. The article does not recommend to buy hold or sell the stocks and only gives information on stocks at 52-week lows. Neither Greynium Information Technologies, nor the author should be held responsible for losses caused based on a decision from the article.
