InvestorQ : What are some of the bigger stocks at yearly lows?
indhumathi Sayani made post

What are some of the bigger stocks at yearly lows?

2 months ago

In fact, the Nifty Next-50 index has just touched its 52-week low with most of its constituents under a lot of pressure. The Nifty Next 50 index represents 50 companies from Nifty 100 excluding Nifty-50 companies. This index represents fairly large companies but in the next rung compared to the Nifty stocks. However, many of them have been high valuation stocks and have been solid performers on the bourses.

The pressure has been intense on these stocks with the Nifty Next-50 index hitting a 52-week low recently. Specifically, a number of its key components like SAIL, Vedanta, Mindtree, Naukri, Zomato, NMDC, Berger Paints, Lupin and Nykaa have all corrected sharply. This has triggered the index falling to a new yearly low. Most stocks on the Nifty Next 50 index are down between 20% and 28% in the last one month.