Bajaj Finserv and ICICI Bank Among Five Sensex Stocks Reaching 52-Week Lows
Bajaj Finserv, ICICI Bank among 5 Sensex stocks hit 52-week lows; slip up to 15% in a month
The Economic Times
Image: The Economic Times
On Thursday, the BSE Sensex index saw notable volatility, closing up 185 points at 73,319. Five stocks, including Bajaj Finserv and ICICI Bank, hit their 52-week lows, with declines of up to 16% over the past month, prompting concerns among investors.
- 01Bajaj Finserv reached a 52-week low of ₹1,598.15, down 16% in one month.
- 02HDFC Bank's stock hit ₹726.75, falling 15% over the same period.
- 03Kotak Mahindra Bank recorded a new low of ₹345.40, down 13%.
- 04ICICI Bank's stock fell to ₹1,187.55, a decrease of 12%.
- 05Hindustan Unilever also hit a low of ₹2,023.05, down 11%.
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The BSE Sensex index experienced significant fluctuations on Thursday, ultimately closing up 185 points at 73,319. During the trading session, five stocks reached their 52-week lows, a critical indicator for investors assessing stock valuations. Bajaj Finserv hit a new low of ₹1,598.15, reflecting a 16% decline over the past month. HDFC Bank's stock fell to ₹726.75, down 15%, while Kotak Mahindra Bank reached ₹345.40, a 13% drop. ICICI Bank's shares fell to ₹1,187.55, down 12%, and Hindustan Unilever's stock hit ₹2,023.05, representing an 11% decrease. These declines raise concerns about market stability and investor confidence.
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The decline in stock prices may affect investor sentiment and could lead to reduced confidence in the banking and consumer goods sectors.
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