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NIFTY50, SENSEX today: Yes Bank, PVR Inox hit 52-week low; here’s why
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3 min read | Updated on January 07, 2025, 13:53 IST
SUMMARY
Shares of PVR Inox Ltd tumbled as much as 7.7% to hit their 52-week low of ₹1,153.65 apiece on Tuesday. The stock had fallen 4% in the previous session as well and is now trading at its lowest level since May 2021. Shares of IT services provider Firstsource Solutions Ltd soared as much as 7% in trade on Tuesday to hit their 52-week high of ₹418.2 apiece on the NSE.
Yes Bank, PVR hit 52-week low; Firstsource Solutions, Amber Enterprises at 52-week high
On Tuesday, January 7, the National Stock Exchange of India (NSE) saw 38 stocks hit their 52-week highs and 53 trade at their 52-week lows.
As of 1:30 pm, benchmark NIFTY50 rose 138 points, or 0.59%, to 23,754, while the SENSEX traded 272 points, or 0.35% higher at 78,237.
The volatility index, or India VIX, fell 6.3% to 14.66. All the sectoral indices traded in the green, except Nifty IT and Nifty Media, fell 0.7% and 0.2%, respectively.
PVR Inox (52-week low: ₹1,153.65)
The decline was triggered amid fears and concerns over the Human Metapneumovirus outbreak in India as more cases were reported on Monday. At least five cases of HMPV have been reported so far in the country, with two more new cases being reported from Nagpur, Maharashtra, on Monday after the virus was first identified in Bengaluru. Companies like PVR Inox, which was badly hit by the COVID-19 pandemic, could be highly affected in case of another COVID-19-like outbreak.
Yes Bank Ltd (52-week low: ₹18.8)
Last week, Yes Bank reported that deposits rose 14.6% to ₹2.77 lakh crore in the third quarter ended December 2024, against ₹2.41 lakh crore in the corresponding quarter of the previous fiscal year. Loans and advances climbed 12.6% year-on-year to ₹2.45 lakh crore.
Firstsource Solutions (52-week high: ₹422.3)
The company’s strong financial health and low debt levels also make it a favourite among investors. In the past one year, the share price has surged more than 120%.
Amber Enterprises (52-week high: ₹8,177)
The company was in the news last week on reports that it was looking to demerge its electronics division. However, it later clarified that no consideration has been given to the demerging as of now.
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