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  5. Cyient, Sula Vineyards, Kansai Nerolac Paints among 132 stocks that hit 52-week low on Jan 24; check full list

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Cyient, Sula Vineyards, Kansai Nerolac Paints among 132 stocks that hit 52-week low on Jan 24; check full list

Upstox
By Upstox News Desk

3 min read | Updated on January 24, 2025, 14:12 IST

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SUMMARY

Shares of Cyient Ltd plunged as much as 20% on Friday to hit their 52-week low of ₹1,404.15 apiece on the NSE. The correction was triggered after Cyient announced dismal results for the third quarter ended December 2024.

Stock list

CYIENT
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SULA
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KANSAINER
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Among the sectoral indices, the NIFTY Media was the biggest loser, down 1.96%, while the NIFTY IT was the biggest gainer, up 0.75%. | Image source: Shutterstock

Among the sectoral indices, the NIFTY Media was the biggest loser, down 1.96%, while the NIFTY IT was the biggest gainer, up 0.75%. | Image source: Shutterstock

As many as 132 stocks hit their lowest levels in 52 weeks on Friday, January 24, even as the broader markets traded in the green.

Benchmark index NIFTY 50 was trading flat at 23,196.35, down 9 points or 0.04%, at 2:05 pm. The BSE SENSEX advanced 58.81 points, or 0.08%, to 76,579.

The volatility index, or India VIX, declined 0.40% to reach 16.63.

Among the sectoral indices, the NIFTY Media was the biggest loser, down 1.96%, while the NIFTY IT was the biggest gainer, up 0.75%.

Here’s a look at the major stocks that touched their 52-week lows on Friday:

Cyient Ltd (52-week low: ₹1,404.15)

Shares of Cyient Ltd plunged as much as 20% on Friday to hit their 52-week low of ₹1,404.15 apiece on the NSE. The sharp selloff took the stock down by 30% over the past one year.

The correction was triggered after Cyient announced dismal results for the third quarter ended December 2024. The company cut revenue growth guidance for one of its key businesses and now expects the Digital, Engineering and Technology division to report a revenue decline of 2.7% year-on-year in constant currency terms for 2024-25 compared to its earlier guidance of flat growth. Also, the company’s CEO Karthikeyan Natarajan has stepped down with immediate effect after spending only 20 months at the helm of the company as against his planned three-year tenure.

Sula Vineyards Ltd (52-week low: ₹362)

Shares of India’s leading wine producer, Sula Vineyards Ltd, fell 1.8% to hit their 52-week low of ₹362 apiece on Friday. This is the fifth straight session of decline for the stock that has fallen 5% cumulatively during this period. Over the past year, the share price has dived over 45%.

Earlier this month, Sula Vineyards announced its Q3 and nine-month (9M) FY25 sales update. The company’s net revenue had marginally declined to ₹217.3 crore in Q3FY25 as against ₹219 crore posted in Q3FY24. This has triggered concerns among investors for the company’s Q3 earnings that are scheduled to be announced on February 9.

Kansai Nerolac Paints Ltd (52-week low: ₹240.35)

Shares of Kansai Nerolac Paints Ltd slipped 0.3% to hit their 52-week low of ₹240.35 apiece on the NSE on Friday. The stock is down almost 8% in the past month and 29% in the last one year.

Shares of Kansai Nerolac Paints have been under pressure on account of higher international prices for crude oil, which is a key raw material for the paints industry. Expensive crude oil can eat into the company’s margins and hamper earnings. Also, increasing competition in the paints industry after the entry of new players like JSW Paints and Birla Opus is a cause for concern for incumbent companies like Nerolac.

Other stocks that hit 52-week low: Chennai Petroleum Corp. Ltd, Cyient DLM Ltd, Mahindra Holidays and Resorts India Ltd, Sanofi India Ltd, Somany Ceramics Ltd, Steel Strips Wheels Ltd, Aarti Drugs Ltd, Acme Solar Holdings Ltd, Axis Bank Ltd, Bajaj Housing Finance Ltd, Everest Industries Ltd, Mahindra Lifespace Developers Ltd, One Mobikwik Systems Ltd, Rajesh Exports Ltd, Venus Pipes and Tubes Ltd and Sanofi India Ltd, among others.

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