Market Crash Hits D-Street: Key Stocks at 52-Week Lows to Watch

On Tuesday, India VIX peaked to 30 level amid poll counting ,Nifty trades at 22088.90 at 1.35 pm down by 5.05% today.

Amid anticipation of No Cake Walk for NDA due to thin margin trend of poll counting following 4 stocks become victims of bloodbath.

Tata Elxsi Ltd 

Tata Group Jewel which provides technology services to automotive , healthcare and communication fell to a fresh 52-week low of Rs 6411.02 today , its previous low was on May 31st this year at Rs 6903. The Bengaluru based Company has declared dividend of Rs 70 per share and reported profit of Rs 196.93 crores for Q4 of FY 23-24.

Tata Technologies 

Another Tata group stock which has been multi bagger since its bumper IPO at 140 % listing premium also fell prey to the political uncertainty. Stock fell to 52-weeks low of Rs 982.25 against its previous low of Rs 1005 on May 13th this year. For Quarter ended March 31st 2024 company reported 80 crores profit.It currently trades at P/E of 60.19.

Tatva Chintan Pharma Chem Ltd 

The speciality chemical manufacturing company hit a 52-weeks low at Rs 975 along with other market peers. It has reported 9 crores profit in Q4 of FY 23-24 against 16 crore profit in the same quarter last year . Stock currently trades at P/E of 77.27.

Ramco Cements Ltd 

Cement Manufacturer with 6 decades of experience Ramco cement whose Q4 result for FY 23-24 were not that great fell as investor fears thin margin for NDA. Ramco Cements Ltd hit a 52-week low of Rs 700 today. Company has reported Rs 2687 crores total income in March 2024 quarter with profit of Rs 121 crores.

Bajaj Electricals Ltd 

Legacy group company Bajaj Electricals suffered a setback in the market swing hovering near its 52-weeks low of Rs 843.20. Despite yesterday’s block deal in which HDFC mutual fund acquired 0.63% stake in company stock at price of Rs 930, it fell into a bloodbath.Companies board has recommended Rs 3 per share dividend for FY 23-24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.