4 Renowned Companies Whose Stocks Are Trading Near 3-Year Lows

While the Sensex has managed to stay well over the 61,000 points mark, there are many companies that are seeing a fall in their share prices. Some of these have largely to do with their performance. Here are 4 stocks that have dropped to nearly 3-year lows, as per data from Value Research.

Rallis India

This is a Tata Group company, whose shares have lost heavy ground in the last few quarters. The stock is now trading at Rs 188, as against the 3-year low price of Rs 182.50. The company is a leading player in the agrochemicals and pesticide space. Rallis India manufacturers and markets pesticides, fungicides, seeds and plant growth nutrients.

IPCA Laboratories

IPCA Laboratories has saw its share price dipping recently as the company announced last month that its Piparia facility in Silvassa received a Form 483 with three observations from the US drug regulator. The shares of the company have now hit a 52-week low of Rs 670.60. This is not only a 52-week low, but, also a 3-year low. IPCA Labs is a top player in the pharma space in India.

ICICI Lombard General Insurance

This is another stock that has seen a downside and is now very close to a 3-year low. The 3-year low is Rs 1049, which is also a 52-week low and the stock currently trades at Rs 1092. ICICI Lombard General Insurance has also hit a 52-week high of Rs 1369 on the Bombay Stock Exchange. The company has gross written premium to the tune of Rs 185.62 billion as on March 31, 2022.

GlaxoSmithkline Pharmaceuticals India

The company has a portfolio spans vaccines, specialty and general medicines. The company is prioritising R&D investment in vaccines and specialty medicines, which is expected to grow exponentially. The stock of GlaxoSmithkline Pharmaceuticals India hit a 3-year low of Rs 1206 and currently trades at Rs 1281.

Disclaimer

Please note, the article only highlights stocks that have hit 3-year lows. This article should not be seen as a buy, sell or hold recommendation from our end. Greynium Information Technologies, the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.