Monday, January 13, 2025

Nifty 50 down 12% from its peak; These shares including IndusInd Bank, Bajaj Auto saw a decline of up to 35% - nifty 50 corrected 12 percent from record high levels these shares down upto 35 percent since then including indusind bank bajaj auto hero motocorp


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.

Why is this railway stock expensive even after falling 44%? Can make a record of 5 consecutive months of decline

https://aiearth.us/world-news/nifty-50-down-12-from-its-peak-these-shares-including-indusind-bank-bajaj-auto-saw-a-decline-of-up-to-35-nifty-50-corrected-12-percent-from-record-high-levels-these-shares-down-upto-35-percent-sin/