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Sensex Stocks Plummet: M&M, Maruti Hit 52-Week Lows
8 Oct
Summary
- Several major Sensex stocks reached new 52-week lows recently.
- Mahindra & Mahindra and Maruti Suzuki saw significant declines.
- The benchmark Sensex experienced a substantial drop in value.
The Indian stock market experienced a significant downturn as the benchmark Sensex fell sharply, losing 1,045 points to close at 71,593. Amid this market decline, six prominent stocks listed on the BSE Sensex index touched fresh 52-week lows, marking their lowest trading prices in the past year. These included major players like Mahindra & Mahindra and Maruti Suzuki India, both of which saw their stock values fall by approximately 12% over the last month.
Other notable companies that reached new 52-week lows include Bharat Electronics, with an approximate 10% fall in the past month. Power Grid Corporation of India Limited and NTPC also experienced declines of around 8% and 7% respectively. ITC, a diversified conglomerate, registered a lesser but still notable fall of approximately 3% in the same period. These widespread drops highlight a broad market sentiment shift and investor caution.
