Stock market today: Kansai Nerolac, FirstCry along with 2 other stocks hit 52-week low; here’s why

As many as 140 stocks hit their 52-week lows on Tuesday, January 14, as negative sentiment prevailed in the broader equity markets.

After falling 1.4% in the previous session, the NIFTY 50 index was trading slightly positive at 23,150, up 64 points, or 0.30%, as of 1:00 pm. The BSE SENSEX was up 162 points, or 0.21%, to 76,492. On the other hand, the volatility index India VIX was trading at 15.71, down 1.81%.

Markets have been reeling under pressure in the last few days due to the strengthening US dollar and the rise in crude oil prices. Anticipations of weak corporate earnings for the December quarter and apprehensions over the upcoming Union Budget announcements are also weighing down Indian markets.

Kansai Nerolac Paints (52-week low: ₹242.65)

Nerolac Paints shares have been down for five consecutive sessions. The stock is down 7% in the past month and 28% in the past year.

Brainbees Solutions (52-week low: ₹482.55)

India’s largest specialised childcare platform, FirstCry, was listed on the exchanges on August 13 at ₹651, a premium of 40% over its issue price of ₹465. However, the share price has remained under pressure since then due to weak financials.

For the second quarter of the current fiscal year (Q2FY25), the company narrowed its consolidated net loss by 47.4% to ₹62.85 crore from ₹119.4 crore in the year-ago quarter. Revenue from operations jumped 26.7% to ₹1,935.85 crore from ₹1,527.68 crore in Q2FY24.

Den Networks (52-week low: ₹37)

On Monday, Den Networks reported a 14.7% decrease in its consolidated net profit to ₹40.31 crore in the quarter ended December 2024 (Q3FY25) as against ₹47.28 crore posted in Q3FY24. Revenue from operations declined 4.5% year-on-year to ₹260.70 crore during the period.

Mahindra Lifespace (52-week low: ₹392.25)

Recently, the realty 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.