Navin Fluorine, PTC Industries hit 52-week high; Mahindra Lifespace, Bandhan Bank at 52-week low

As many as 31 securities hit their 52-week high levels on the National Stock Exchange of India (NSE) on Thursday, January 9, while 45 stocks traded at their 52-week lows as the broader markets traded in the red.

As of 12:05 pm, the NIFTY 50 index was trading at 23,551.55, down 137.40 points, or 0.58%. The BSE SENSEX, meanwhile, was trading 444.62 points, or 0.57%, lower at 77,703.87.

The volatility index, or India VIX, inched up 1.3% to 14.66. All the sectoral indices were trading in the red, except the NIFTY Media and FMCG indices. The Bank and Oil and Gas indices were the biggest losers, down 1 % and 1.3%, respectively.

Here’s a look at three major stocks that touched their 52-week lows on Thursday, January 9, 2025.

Stocks that hit 52-week high

Navin Fluorine International Ltd (52-week high: ₹4,017.10)

According to reports, refrigerant gas prices could go up by 200% after IGas USA, a leading US manufacturer of refrigerant gases, has said that the supply of R32 and R125 has been impacted. The R32 and R125 refrigerant is used in air conditioning and low-temperature refrigeration systems.

PTC Industries Ltd (52-week high: ₹17,900)

The stock is seeing an upward momentum on reports of the company substantially expanding its aerospace castings capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility. This production unit will come up at the newly acquired 50-acre land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor.

Other stocks that hit 52-week high: Ashapura Minechem Ltd, Ganesh Housing Corp. Ltd, Atlas Cycles (Haryana) Ltd, Megasoft Ltd, Rama Phosphates Ltd, SRF Ltd and Vijaya Diagnostic Centre Ltd, among others.

Stocks that hit 52-week low

Mahindra Lifespace Ltd (52-week low: ₹449.05)

Recently, the company had announced that it would halt fresh investments in the Delhi-National Capital Region (NCR) market after exiting two cities completely – Nagpur and Hyderabad.

Bandhan Bank Ltd (52-week low: ₹150.34)

The bank was in the news earlier this week after its chief technology officer (CTO) Manoj Kumar Mauni resigned from his position with immediate effect. Having served in this role since June 2021, Mauni was spearheading the bank’s IT transformation, overseeing the development and enhancement of the bank’s tech infrastructure.

Other stocks that hit 52-week low: Abans Holdings Ltd, Allcargo Logistics Ltd, Bharat Gears Ltd, Carraro India Ltd, Mirza International Ltd, Rajshree Sugars and Chemicals Ltd, PTC India Ltd and Sun Pharma Advanced Research Co. Ltd, among others.