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  5. Stock market crash: Colgate, BEML, Just Dial hit 52-week low; here’s why

Market News

Stock market crash: Colgate, BEML, Just Dial hit 52-week low; here’s why

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By Upstox News Desk

3 min read | Updated on February 18, 2025, 12:38 IST

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SUMMARY

NIFTY and SENSEX traded lower on February 18, with 463 stocks hitting their 52-week lows. Key stocks like BEML, Just Dial, and Colgate-Palmolive saw significant declines today, with BEML Ltd falling over 4.5% to hit a 52-week low.

Stock list

BEML
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JUSTDIAL
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COLPAL
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AUBANK
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BEML, Just Dial, Colgate-Palmolive, AU Small Finance Bank shares hit 52-week low: Here’s why

BEML, Just Dial, Colgate-Palmolive, AU Small Finance Bank shares hit 52-week low: Here’s why | Image: Shutterstock

NIFTY50, SENSEX traded lower in the mid-afternoon session today. At 12:15 pm, the benchmark NIFTY 50 was trading at 22,869, down 90 points, or 0.39%. The BSE SENSEX, meanwhile, was trading 239 points, or 0.32%, lower at 75,756.

As many as 463 stocks hit their lowest level in 52 weeks. The volatility index, or India VIX, rose 2.61% to 16.13. Meanwhile, all the sectoral indices were trading in the red. NIFTY Auto and NIFTY Metal were the top losers, down 1.15% and 1.10%, respectively.

Here’s a look at the major stocks that touched their 52-week lows on Tuesday, February 18:

BEML Ltd (52-week low: ₹2,570)

Shares of state-run BEML were down 4.5% to hit their 52-week low of ₹2,570 apiece on the National Stock Exchange of India (NSE) on Tuesday. The stock has fallen in 11 of the last 12 sessions, declining more than 32% during this period. Over the past year, the stock has slipped more than 17%.

BEML was in the news on Tuesday after the company’s management told the media that it is on track to achieve orderbook guidance of ₹18,000 crore for FY 2024-25. BEML’s chairman and managing director Shantanu Roy said the order book is already at around ₹15,000 crore and the company expects to secure an additional ₹3,000 crore in orders over the next 45 days. This would mark the highest-ever order book growth and inflow in a single financial year, he added.

Just Dial Ltd (52-week low: ₹761)

Just Dial Ltd shares fell as much as 2.4% to hit their 52-week low of ₹761 apiece on Tuesday on the NSE to hit their 52-week low of ₹761 apiece. The stock is down 5% in the past five trading sessions and 19% in the last month.

Recently, the company reported a 42.7% increase in consolidated net profit at ₹131.31 crore for the December 2024 quarter. Revenue from operations was up 8.4% to ₹287.33 crore during the quarter. The company said it achieved its highest-ever quarterly revenue in Q3FY25.

Colgate-Palmolive (India) (52-week low: ₹2,411)

Shares of FMCG major Colgate-Palmolive India Ltd slipped 1.9% on Tuesday to hit their 52-week low of ₹2,415.05 apiece on the NSE. The stock is down almost 11% in the last one month and has fallen in 11 of the past 12 sessions.

The company last month reported a 2.3% year-on-year in net profit to ₹322.8 crore for the third quarter ended December 2024. Revenue from operations increased 4.7% to ₹1,461.8 crore during the quarter under review compared to a year-ago period.

For the December 2024 quarter, Colgate posted a 2.2% YoY fall in consolidated net profit to ₹433 crore. Its consolidated total revenue from operations stood at ₹1,462 crore against ₹1,396 crore in the year-ago period.

AU Small Finance Bank (52-week low: ₹508.35)

Shares of AU Small Finance Bank Ltd fell as much as 2.6% on Tuesday to hit their 52-week low of ₹508.35 apiece on the NSE. The stock is down 16% for the past month and 15% for the last one year.

AU Small Finance Bank made headlines last week after the lender announced that the Reserve Bank of India (RBI) has approved Temasek’s Zulia Investments to acquire up to a 7% stake in the company.

Other stocks that hit 52-week low: ACC Ltd, DCB Bank Ltd, Dish TV India Ltd, Emcure Pharmaceuticals Ltd, Everest Industries Ltd, Gateway Distriparks Ltd, BIRLASOFT Ltd, Bajaj Hindusthan Sugar Ltd, Atul Auto Ltd, IRCTC, IRCON International, Indian Overseas Bank, among others.
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