MRF, L&T Finance, IOC, SAIL among 50 stocks from BSE500 to hit 52-week lows

In one month, the BSE 500 index has underperformed the market by falling 8.1 per cent, as compared to the 6.5 per cent decline in the BSE Sensex during the period

Shares of tyre major MRF, oil marketing company Indian Oil Corporation, non banking finance company (NBFC) L&T Finance and Steel Authority of India (SAIL) are among 50 stocks from the BSE 500 index that hit their respective 52-week lows in Monday’s intra-day trade after the continued selling pressure in the Indian equity markets.

 

Aptus Value Housing Finance India, Bandhan Bank, Bank of India, Can Fin Homes, Central Bank of India, LIC Housing Finance, Union Bank of India and YES Bank from the financial sector also touched their respective 52-week lows in intra-day trades today.

 

In one month, the BSE 500 index has underperformed the market by falling 8.1 per cent, as compared to the 6.5 per cent decline in the BSE Sensex.  The sharp correction in Indian equities has come on the back of concerns regarding softening economic growth and selling pressure from Foreign Institutional Investors (FIIs). FIIs were net sellers of Rs 22,260 crore thus far in the month of January 2025, raising concerns in the market. In the calendar year 2024, they had net sold Indian equities worth a total of Rs 1.21 trillion ($14.374 billion), data from NSDL showed. Further, investor sentiment remains cautious as Indian companies report their December quarter corporate earnings, amid concerns about fewer US rate cuts in the year ahead.

 

 

According to analysts, the market is adjusting to the reality of a slowdown in the economy triggered by a decline in government capex during H1FY25, tepid consumer demand triggered by prolonged rains and a sharp spike in food inflation to 10.9 per cent by October 2024, and rising instances of cash dole outs and election freebies crowding out government capex and casting a shadow on the overall fiscal discipline in the country.

 

Amnish Aggarwal, Director, Institutional Research at PL Capital Group - Prabhudas Lilladher, believes the upcoming budget and Trump 2.0 are key to market returns. While the Government of India (GOI) might miss out on revenue collection, lower capex will help sustain fiscal discipline in FY25. The brokerage firm said they expect a growth-oriented budget with an attempt to pump prime the economy and incentivise the middle class to increase spending.

 

The brokerage firm believes the India capex story (capital goods, infra, ports, EMS, new energy, data centers, railways, defense), healthcare (hospitals and pharma), tourism (aviation, hotels, and accessories), discretionary consumption (e-com, jewellery, food services (retail), and financialisation (capital market entities, digital public infra) are some of the key themes to play for long-term gains.

 

Meanwhile, among the individual stocks, IOC hit a 52-week low of Rs 123.60, falling 5 per cent on the BSE in intra-day trades after Brent crude oil rose above $81 a barrel to its highest level in more than four months. The cost of crude oil is a major input cost for refineries as they process crude oil into refined products such as gasoline, diesel, jet fuel, kerosene, and other petrochemicals. The stock price of the state-owned oil marketing company has fallen below its previous low of Rs 129.55, touched on November 21, 2024. In one month, it has slipped 14 per cent.

 

Shares of L&T Finance hit a 52-week low of Rs 133, down nearly 5 percent on the BSE in intra-day trades. It has fallen below its previous low of Rs 134.10, hit on November 13, 2024. Higher-than-expected slippages in micro finance institution (MFI) portfolio (28 per cent of overall portfolio), lower-than-expected growth for the retail portfolio, higher credit cost for the MFI portfolio and other retail portfolio may drag the profitability and impact RoA, according to analysts.

 

However, the company aims for a post-tax consolidated RoA of 2.8-3.0 per cent in FY2026, 20-25 per cent retail credit growth and credit cost within 2.0 per cent. Overall, its performance was on expected level amid a challenging environment. The company slightly missed on NIM due to a higher cost of fund. Asset quality was slightly higher due to MFI and unsecured segment, Mirae Asset Sharekhan said in the company's Q2 results update.

 

Shares of multiplex operator PVR Inox also hit a multi-year low of Rs 1,103, declining 3 per cent on the BSE in intraday trades. In four weeks, the stock has tanked 28 per cent on growth concerns.

 

PVR Inox, the market leader in India’s multiplex space, operates 1,747 screens across 111 cities in India and Sri Lanka. Its revenue is primarily derived from box-office ticket sales, along with high-margin food and beverage sales, on-screen advertising, and convenience fees from online bookings.

 

Once synonymous with premium movie experiences and innovation, PVR Inox has faced several challenges in recent years. These include the Covid-19 pandemic, a weak content pipeline, competition from streaming platforms, rising costs, and financial stress, which have disrupted its growth trajectory.

 

The rise of streaming services like Netflix and Disney+ Hotstar has posed a challenge for the industry by offering an alternative to cinema. While PVR’s merger with Inox aimed to create scale and operational synergies, integrating the two large entities has been complex, delaying the realisation of benefits.

 

Independent and regional single-screen cinemas, offering cheaper tickets and concessions, have also gained market share, particularly in Tier-II and Tier-III cities. The high price of tickets and food has deterred middle-class consumers, especially for non-peak screenings, according to analysts. 

Company	LTP (₹)	52-Wk Low (₹)
Adani Wilmar	272.50	267.45
Alok Industries	18.81	18.77
Aptus Value Hou.	274.25	272.75
Astral	1497.30	1496.00
Bandhan Bank	140.95	140.95
Bank of India	92.80	92.50
Can Fin Homes	662.90	661.20
Capri Global	176.20	176.20
Cello World	693.75	685.05
Central Bank	48.25	48.20
Coal India	367.20	362.15
Container Corpn.	738.65	738.65
Delhivery	322.05	322.00
Engineers India	167.45	167.05
G M D C	289.45	288.00
GE Shipping Co	906.55	890.00
Grindwell Norton	1804.10	1788.50
Hatsun Agro	941.25	938.05
Hero Motocorp	4055.00	4041.00
Hindustan Copper	232.10	228.85
I O C L	123.60	123.40
I R C T C	757.35	755.15
Kajaria Ceramics	1039.50	1032.00
Kansai Nerolac	246.45	246.40
L&T Finance Ltd	132.70	132.65
Laxmi Organic	218.00	218.00
LIC Housing Fin.	542.90	541.85
Mahindra Life.	416.60	412.90
Motherson Wiring	55.18	55.07
MRF	1,14,156.55	1,13,969.85
Netwrk.18 Media	61.20	61.10
NMDC	61.12	60.92
NMDC Steel	39.77	39.70
Olectra Greentec	1286.55	1280.10
PVR Inox	1105.00	1103.05
Rajesh Exports	212.10	212.05
Relaxo Footwear	586.05	585.45
Route Mobile	1292.00	1290.70
S A I L	102.80	102.60
Sanofi India	5700.05	5700.05
Sh.Renuka Sugar	35.55	35.36
Sona BLW Precis.	569.95	555.20
SPARC	180.00	178.80
Tata Steel	124.80	124.20
Tata Technolog.	799.30	797.20
Trident	30.39	30.34
Tube Investments	3316.50	3311.00
Union Bank (I)	103.60	101.65
Yes Bank	17.55	17.52
ZF Commercial	11245.05	11071.65