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As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.
As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.
In the coming days, the market may react to some major macroeconomic data such as US S&P Global manufacturing and services PMI, initial jobless claims, building permits, crude oil inventories, existing home sales, FOMC policy outcomes, UK and Eurozone inflation, among others, Nanda said
Out of the 45 stocks (with a market capitalisation of over Rs 500 crore) which had TTM PE multiples of over 100 a year ago, only 20 of them have given negative returns in the last one year. In fact, three of them - Zen Technologies, PTC Industries and Premier Explosives - have gone on to deliver multibagger returns and remain in the high PE zone even today.
Some experts view the current sell-off as a buying opportunity, especially for long-term investors.