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  5. Asian Paints, Bajaj Auto, FirstCry shares hit 52-week low; check details

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Asian Paints, Bajaj Auto, FirstCry shares hit 52-week low; check details

Upstox
By Upstox News Desk

3 min read | Updated on March 05, 2025, 13:51 IST

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SUMMARY

113 stocks hit their 52-week lows today despite a market rebound. NIFTY50 rose 1.2%, and SENSEX gained 1.1%. Key stocks like FirstCry (Brainbees Solutions), Asian Paints, Bajaj Auto, and Happy Forgings saw significant declines due to factors like leadership exits and GST notices.

Stock list

FIRSTCRY
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ASIANPAINT
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BAJAJ-AUTO
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HAPPYFORGE
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Asian Paints, Bajaj Auto, Firstcry, Happy Forgings shares hit 52-week low; Here’s why

Asian Paints, Bajaj Auto, Firstcry, Happy Forgings shares hit 52-week low; Here’s why | Image: Shutterstock

As many as 113 stocks hit their lowest levels in 52 weeks, even as the benchmark equity indices snapped their 10-day losing streak to bounce back on Wednesday, March 5.

The benchmark NIFTY 50 rose 230 points, or 1.04%, to 22,313 at around 1:30 pm. The BSE SENSEX, meanwhile, jumped 645 points, or 0.88%, to 73,634.

The volatility index, or India VIX, fell 1.3% to 13.65. All the sectoral indices were trading in the green, with the NIFTY Metal and NIFTY Auto being the top sectoral gainers, up 3.2% and 2.8%, respectively.

Here’s a look at the major stocks that touched their 52-week lows on Wednesday, March 5:

Brainbees Solutions (FirstCry) (52-week low: ₹356)

Shares of FirstCry parent firm Brainbees Solutions Ltd dropped as much as 2.1% on Wednesday to hit their 52-week low of ₹356 apiece on the National Stock Exchange of India (NSE). However, the stock later trimmed losses to trade flat by around noon. The stock is now down over 23% in the past month and 46% in the last one year.

FirstCry announced its second top-level departure this week, with its chief of staff, Sanket Raghavendra Hattimattur, stepping down from his role citing “personal reasons.” Hattimattur resigned on March 1 and will be relieved from his position with effect from the close of business hours on March 31. The company has not announced his replacement yet. This comes a week after FirstCry’s company secretary and compliance officer, Neelam Jethani, resigned from her position. She will step down on March 25.

Asian Paints (52-week low: ₹2,124.75)

Shares of Asian Paints Ltd slipped 0.3% on Wednesday to hit their 52-week low of ₹2,124.75 apiece on the NSE. However, the stock later recovered to trade over 2% higher at noon.

The stock's decline early in the session was triggered by a top institutional equity expert advising investors to stay away from Asian Paints stock amid uncertainty on the demand outlook. The analyst said that improving the visibility of volume and revenue growth will be crucial for Asian Paints to reverse its underperformance.

Bajaj Auto (52-week low: ₹7,301)

Shares of Bajaj Auto Ltd were down 0.4% on Wednesday to hit their 52-week low of ₹7,301 apiece on the NSE. The stock has lost almost 11% in the past five sessions and 32% in the last six months.

Bajaj Auto was recently served with a Goods and Services Tax (GST) notice by the Deputy Commissioner of State Tax, Pune. The company has received the order with tax demand amounting to ₹138.53 crore.

Happy Forgings (52-week low: ₹793.35)

Shares of Happy Forgings Ltd fell as much as 0.9% on Wednesday to hit their 52-week low of ₹793.35 apiece on NSE. The stock has lost almost 21% over the last one month period.

The downward spiral began after the company in February reported revenue growth of just 3.6% to ₹354 crore for the December 2024 quarter compared with ₹342 crore a year ago. Net profit increased 11.5% to ₹65 crore during Q3FY25 compared to ₹58 crore in Q3FY24.

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