Stock market crash: Tata Technologies along with 2 other stocks hit 52-week low; here’s why

As many as 77 securities hit their 52-week low levels on the National Stock Exchange of India (NSE) on Monday, January 6, as the broader markets traded in the red.

As of 1:30 pm, the benchmark NIFTY50 index traded at 23,665, down 339 points, or 1.41%. The BSE SENSEX, meanwhile, was trading at 78,060, down 1164 points, or 1.47%.

The volatility index, or India VIX, shot up 12.5% to 15.24. All the sectoral indices were trading in the red, with NIFTY PSU Bank (-4.0%), NIFTY Metal (-2.93%) and NIFTY Realty (-2.74%) among the biggest sectoral losers.

The key benchmark indices declined as investors remained cautious over multiple domestic and global factors. Expectations of weak Q3 earnings and fear around rising Human Metapneumovirus (HMPV) cases impacted market sentiments. Besides this, strength in the US dollar dragged the markets. So far, two cases of HMPV have been detected in India at Baptist Hospital in Bengaluru.

Investors also remained cautious due to the depreciating Indian rupee against the US dollar and continued FII selling. So far this month, foreign investors have remained net sellers in the cash segment, with an outflow of more than ₹4,500 crore. US President-elect Donald Trump will take office on January 20, and speculations over Trump's Tariff plan also dampened investor sentiment.

Tata Technologies (52-week low: ₹878.40)

Tata Technologies shares were listed in December last year at ₹1,200 apiece, at a premium of 140% over the issue price of ₹500. Since its listing, the stock has fallen almost 27% as the company posted weaker-than-expected earnings due to tapering demand and smaller deal sizes.

However, market experts predict a positive momentum for the Tata Group stock as the BMW and Agratas deals are expected to materialise for the company from FY26. Tata Tech is a leading provider of end-to-end technology services for vehicles.

Bandhan Bank (52-week low: ₹152.83)

On Saturday, Bandhan Bank announced its business updates for the October-December quarter. The lender’s loans and advances rose 15% year-on-year to ₹133,285 crore compared to ₹115,940 crore in the corresponding period of last year. Total deposits climbed 20% year-on-year to ₹1,40,999 crore as against ₹117,422 crore in the same period a year ago.

IndiaMART InterMESH (52-week low: ₹2,175)

The company’s weak Q2 earnings had prompted a cautious outlook from analysts, leading to a decline in its share price. Continued softness in subscriber addition led to moderating collections growth for the September quarter, weighing down investor sentiment.