11 Bluechip stocks that crashed in 52 weeks after today’s Sensex plunge

Stocks that fell to 52-week lows

Company Name 52 week low Current market price
Bajaj Finance 5377 5401
Can Fin Homes 425 442
Gujarat Gas 457 459
ICICI General Lombard 1071 1103
IPCA Laboratories 831 858
LIC housing 318 323
Sudarshan Chemicals 402 432
Tidal water 1000 1025
yuken 442 446
Just dial 594 602
Heritage Foods 273 277
Markets could remain volatile

Markets could remain volatile

According to Hemang Jani, Head of Equity Strategy, Motilal Oswal Financial Services, Nifty opened a gap lower as stock markets around the world witnessed a sell-off after US inflation data in May broke. are accelerating to four decades, raising concerns about aggressive rate hikes by the US Fed in the next monetary policy meeting scheduled for Wednesday. Yields on US Treasuries hit a 14-year high of 3.15% while the dollar index climbed above 104 levels. US futures are also down 1%.

“Domestically, inflation data from India is due today which should lead to market jitters. Other than that, the market would continue to remain cautious ahead of various central bank meetings this week. “, said Jani.

If you buy the shares mentioned above

If you buy the shares mentioned above

It’s hard to say whether you should buy stocks now, given that interest rates are on the rise. From the above list in terms of ratings, LIC Housing and Can Fin Home look attractive to buy. That said, if interest rates rise, there could be a slowdown in home lending. HDFC has already raised interest rates. Other than that, it is hard to find value in the stocks mentioned above. We suggest investors look to buy at further lows. The only suggestion is that most of the stocks mentioned above come from the mid and small cap space. It is best to look for stocks in the large cap sector, which could protect the portfolio from a further drop in the markets.

Disclaimer

Disclaimer

Investors are urged to exercise caution as markets have become extremely volatile. Neither Greynium Information Technologies nor the author would be liable for any loss based on a decision to read the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.

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