Fall from 52-week highs

The market experienced volatility, with large cap stocks falling before the FPI disclosure norm deadline. PSU stocks like Hindustan Zinc and Adani Total Gas suffered significant declines. The stocks that fell the most from their 52-week highs.

The market had been a bit volatile during the week. Most of the large cap stocks ended in the red, but the midcap and small cap stocks remained mostly stable. Market saw selling in the large cap stocks as the deadline for FPI disclosure norm neared and the last trading day before the deadline was Friday, 6th September 2024.

The PSU stocks, which have been seen great run, are now seeing selloff. The stocks that saw the highest fall from their 52-week highs were:

  • Hindustan Zinc (-40%)
  • Adani Total Gas (-34%)
  • Indian Overseas Bank (-31%)
  • UCO Bank (-31%)
  • Vodafone Idea (-30%)
  • Union Bank of India (30%)
  • Yes Bank (29%)
  • Adani Power (29%)
  • HUDCO (28%)
  • Macrotech Developer (28%)
Fall from 52 Week highs
Fall from 52 Week highs

 

 

indiaonefinance
indiaonefinance
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