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  5. Stock market crash: NTPC Green, Tata Motors, Adani Green hit 52-week low; here’s why

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Stock market crash: NTPC Green, Tata Motors, Adani Green hit 52-week low; here’s why

Upstox
By Upstox News Desk

4 min read | Updated on February 24, 2025, 17:14 IST

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SUMMARY

NIFTY50 and SENSEX opened lower on February 24 as global stock market sell-offs and reciprocal tariff concerns weighed on the domestic markets. Adani Green Energy, Tata Motors, and NTPC Green Energy, along with 192 other stocks hit their 52-week lows. Major sectoral losses were seen in IT stocks, while pharma showed minor gains.

Stock list

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Adani Green, NTPC Green, Tata Motors, Sun TV shares hit 52-week low: Here’s why

Adani Green, NTPC Green, Tata Motors, Sun TV shares hit 52-week low: Here’s why | Image: Shutterstock

NIFTY50, SENSEX started the week on a lower note as bears continued to hold their grip on the markets amid a sell-off in Asian markets. US President Donald Trump reiterated reciprocal tariff plans for India, which also impacted sentiments over the Street.

On Monday, February 24, as many as 192 stocks hit their lowest level in 52 weeks amid continued selling pressure in the broader equity markets.

As of 12:30 pm, the benchmark NIFTY 50 was trading at 22,577, down 218 points, or 0.96%. The BSE SENSEX, meanwhile, declined 776 points, or 1.03%, to 74,534.

The volatility index, or India VIX, inched up 0.06% to 14.54. Among the sectoral indices, the NIFTY IT index was the top loser, losing 2.3%, while the NIFTY Pharma was the top gainer, up 0.3%.

Here’s a look at the major stocks that touched their 52-week lows on Monday, February 24:

Adani Green Energy (52-week low: ₹819.1)

Shares of Adani Green Energy fell as much as 3.6% on Monday to hit their 52-week low of ₹819.1 apiece on the National Stock Exchange of India (NSE). The stock has lost almost 18% in the past month and 58% in the last one year.

According to a media report, Adani Green Energy Ltd is in talks with local lenders, including Power Finance Corp. (PFC) to refinance as much as $1.1 billion worth of dollar debt in rupees, which is due by the end of March 2025. Adani Green Energy is reportedly in the final stages of signing the private placement agreement and settlement pact with parties involved in the refinancing.

Tata Motors (52-week low: ₹666)

Shares of Tata Motors Ltd slipped 1% on Monday to hit their 52-week low of ₹666 apiece on the NSE. The stock is down 8.5% in the past month and over 28% in the last one year.

Tata Motors shares are under pressure after reports of Tesla’s imminent entry in India. The company over the weekend announced limited-period offers for 45 days to celebrate surpassing 2,00,000 electric vehicle (EV) sales. Customers can avail an exchange bonus of up to ₹50,000, 100% on-road financing with zero down payment and other incentives.

According to reports, Tata Motors is also witnessing the departure of several senior executives as it restructures its operations. A report mentioned that at least half a dozen exits have taken place since August in the ranks of team heads or above.

NTPC Green Energy (52-week low: ₹96.2)

Shares of NTPC Green Energy plunged as much as 9% on Monday to hit their 52-week low of ₹96.2 apiece on the NSE as the company’s three-month lock-in period for shareholders came to an end today. This freed up nearly 18.33 crore shares, representing 2% of the company’s outstanding equity, for trading. After its listing in November 2024, the company's first lock-in period ended on December 26, with the shares falling as much as 5.9% on that day. The renewable energy stock closed 6.11% lower at ₹99.1 per share on NSE.

Sun TV Network (52-week low: ₹567.05)

Shares of Sun TV Network dropped 1.5% on Monday to hit their 52-week low of ₹567.05 apiece on the NSE. The stock is down 9.5% in the past month but is trading lower by only 8.5% compared to the year-ago levels.

Earlier this month, Sun TV Network reported a 20% year-on-year decline in net profit at ₹363 crore for the December 2024 quarter against ₹453.9 crore in the year-ago period. Revenue from operations dipped 10.4% to ₹827.6 crore in Q3FY25 compared to ₹923.2 crore in Q3FY24. The stock recovered from morning losses to close 0.88% higher at ₹581 per share.

Other stocks that hit 52-week low: State Bank of India Ltd, Apollo Tyres Ltd, Alembic Pharmaceuticals Ltd, BEML Ltd, Bharat Forge Ltd, Cello World Ltd, NCC Ltd, Natco Pharma Ltd, Man Industries (India) Ltd, Mahindra Logistics Ltd, Kajaria Ceramics Ltd, Indiamart Intermesh Ltd and GMR Airports Ltd, among others.
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