NSE’s Nifty 50 index is down 12% from its record high of 26,277. The index had seen this level on 27 September 2024. Nearly two-thirds of the index has fallen more than 10% since then. Not only this, there are 4 stocks listed on Nifty 50 which have fallen by more than 30% since September 27. Whereas 12 stocks have become cheaper by 20-30% and 15 stocks have become cheaper by 10-20%. What are these shares, let’s take a look…
IndusInd Bank
This stock, which has been the worst performing stock of Nifty in 2024, has fallen 35% since September 27. Despite the poor performance, 36 out of 50 analysts tracking the stock have given it a “buy” rating.
The share had created its record high of ₹ 12,774 on September 27, 2024 itself. The stock has declined 32% since then. Analysts believe that it could see further growth of 24%.
Hero MotoCorp
Hero MotoCorp shares have fallen 31% since September 27, 2024. Nearly 70% of analysts tracking the stock have given it a “buy” rating. A potential upside of 27% is expected from current levels.
Asian Paints
Asian Paints has become 31% cheaper from 27 September 2024 till now. It is believed that the stock may see a rise of 9% from the current levels.
Adani Wilmar shares fell by 10% for the second consecutive day, hit lower circuit
NTPC shares have fallen by 30% since September 27, 2024. It is one of the worst performing PSUs on Nifty. The stock is now expected to rise 45% from current levels. Most analysts have maintained a “buy” rating on the stock.
Coal India
Shares of India’s largest mining company have fallen 29% since September 27, 2024. Its performance in 2024 has been disappointing. After this fall, there is a possibility of an increase of about 40% from the current levels.
Other top losers on the Nifty 50 index from September 27, 2024 to now include Adani Enterprises and Adani Ports. Both these shares have seen a decline of 25-25%. Apart from this, BPCL has fallen by 26% and Shriram Finance has fallen by 26.5% since September 27, 2024.
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