These stocks including Reliance will see growth on Monday. These 4 big stocks have reached 52-week low.
Due to the recent fall in the Indian stock market, shares of many major companies have reached their 52-week low. For example, Reliance Industries shares have hit a 52-week low of Rs 1,210.15, down 24% from its high.
Similarly, shares of Nestle India, Asian Paints and IndusInd Bank are also trading at their 52-week low.
Major stocks hit 52-week low:
| Company Name | 52-week low (₹) | Recent closing price (₹) | Percentage decline (%) |
|---|---|---|---|
| Reliance Industries | 1,201.15 | 1,206.00 | -1.9 |
| Nestle India | 17,226.40 | 17,500.00 | -1.6 |
| Asian Paints | 2,706.00 | 2,750.00 | -1.6 |
| IndusInd Bank | 1,000.00 | 1,020.00 | -2.0 |
On December 20, 2024, the Nifty index closed 1.52% lower at 23,587.50, while the Sensex also fell by nearly 1,200 points.
Despite this decline, according to a report by Motilal Oswal Wealth Management, the domestic stock market is expected to show a positive trend by the end of 2024 due to strong economic growth, and the Nifty is expected to rise by 13%.
Investors are advised to be cautious in their investment decisions keeping in mind the current market volatility and adopt a long term approach.
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