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5 Stocks That Hit New 52-Week Low As Market Volatility Persists
Share markets witness a sharp decline on Friday amid weak global cues after US Federal Reserve raised rates by 75 bps to tame inflation. The BSE Sensex and NSE Nifty 50 continued to decline for third consecutive day. Indian Rupee witnessed a sharp drop today and fell below the 81 mark for the first time to hit a new record low of 81.23.
The S&P BSE Sensex fell 1020 points or 1.73% to end at 58,098 and Nifty 50 fell 302 points to close the day at 17,327. Amid the prevailing market volatility, 5 stocks register their 52-week low given below:
Sanofi India Ltd
The mid-cap company came into existence in 1956 and operates in the pharmaceuticals sector. It has a market capitalization of Rs 13,598 crore. The current market price of the stock is Rs 5904 apiece. The stock's 52-week high is Rs 8428 apiece and 52-week low is Rs 5899 apiece, respectively.
Today the stock hit its new 52-week low. The stock opened at Rs 5955 apiece, touched the intraday high at Rs 5975 apiece and intraday low at Rs 5899.
Glenmark Life Sciences Ltd
The small cap company operates in pharmaceuticals sector and incorporated in 2011. The company has a market capitalization of Rs 5007 crore. The current market price of the stock is Rs 408 apiece on NSE with its 52-week high at Rs 705 apiece and 52-week low at Rs 405 apiece. The stock has hit a new 52-week low today at Rs 405 apiece.
The stock has fallen 45% in the last 5 years, 40% in the last 1 years, and 11% in the last 6 months.
Gland Pharma Ltd
The company operates in the pharmaceuticals sector and was incorporated in 1978. The stock has hit a new 52-week low today. The current market price of the stock is Rs 2148 apiece with its 52-week high at Rs 4074 apiece and 52-week low at Rs 2123 apiece, respectively.
The stock opened at Rs 2156 apiece, touched the intraday high at Rs 2192 apiece and intraday low at Rs 2123 apiece, respectively. It has a market capitalization of Rs 35,377 crore.
Zensar Technologies Ltd
The current market price of the IT Software company is Rs 221 apiece with a 52-week high at Rs 538 apiece and 52-week low at Rs 215 apiece, respectively. The stock has registered its new 52-week low today at 215 apiece. The share of the company opened at Rs 219 apiece and touched the intraday high at Rs 224 apiece and intraday low at Rs 215 apiece.
The stock has given a return of 47% in the last 5 years, 5% in the last 3 years, and fallen 56% in the last 1 year. The company has a market capitalization of Rs 5017 crore. The mid-cap company was incorporated in 1963 and operates in IT Software sector.
Life Insurance Corporation of India
The stock of LIC touched a new 52-week low today amid declining share market on weak global cues. The current market price of the stock is Rs 642 apiece with its 52-week high quoted at Rs 920 apiece and 52-week low quoted at Rs 641 apiece, respectively.
The stock opened at Rs 651 apiece and touched the day's high at Rs 653 apiece and intraday low at Rs 641 apiece.
The company came into existence in 1956 and operates in the financial services sector. The stock has given negative return in the last 3 months at 3.36% and 4% in last 1 month.
