Mar 28, 2023
By: Rounak JainThe state-run insurer’s poor run in 2023 continued with the stock hitting a fresh 52-week low today. At ₹536.8 a piece, LIC’s shares are down nearly 39 percent from its listing in May 2022.
Credit: LIC
The IT services provider hasn’t seen a respite from selling this year, with its stock down over 9 percent in 2023 so far. At ₹356.2 a share, Wipro’s shares are down nearly 41 percent in the last one year.
Credit: Wipro
Despite reporting a 91 percent year-on-year rise in its net profit to ₹1,052 crore in the December 2022 quarter, this year has been largely negative for Tata Power. At ₹183.95 a piece, its shares are down over 13 percent in 2023 so far, and over 23 percent in the last one year.
Credit: Tata-Power
Shares of this Noida-based automotive components manufacturer have been on a downward trajectory in March, with its shares falling by 24 percent since March 10 till date to ₹62.9 a piece. In the last one year, its shares fell 30.5 percent.
Credit: Unsplash
This Bengaluru headquartered IT services company has seen its stock fall by over 50 percent in the last one year. At ₹1,669, its stock fell by over 19 percent in the last one month alone.
Credit: Mphasis
The Adani group-owned cement manufacturer hit a fresh 52-week low amid media reports of the group seeking to extend the tenure of its $4 billion loan used to acquire ACC and Ambuja Cements from Holcim. At ₹1,613.9 per share, ACC’s stock is down by over 24 percent in the last one year, and by over 34 percent in 2023 so far.
Credit: ACC
At ₹187.45 a piece, Bandhan Bank’s shares are down by over 22 percent in 2023 so far, and by 37 percent in the last one year. The lender reported a rise in provisions and gross non-performing assets in the December quarter, and a 66 percent YoY fall in its net profit to ₹291 crore.
Credit: Bandhan-Bank
The struggling telco hit a new 52-week low to close at ₹5.9 a share on Tuesday. Its shares are down by 25 percent in 2023 so far, and over 39 percent in the last one year.
Credit: BCCL
Godrej Properties’ stock hit a fresh 52-week low for the second time in the last one week. At ₹1,013.45 a piece, its shares are down by over 18 percent in 2023 so far, and by 38 percent in the last one year.
Credit: BCCL
At ₹608.9, this life insurance provider’s shares are down by over 10 percent in 2023 so far, and by 17 percent in the last one year.
Credit: Max-Financial-Services