These Large Cap Stocks have fallen by more than 20 per cent from their 52-week highs; are they in bear phase?
The markets have scaled to new highs with the help of Tata Steel, Bajaj Twins, M&M Finance and RIL on Monday. The broader markets underperformed while the large caps have gained yet again on Monday , continuing its trend from the past week.
While the large caps were seen gaining on bourses we see that few large caps are trending down and trading near 52-week lows. Also, the point to remember here is that few of the large caps have corrected by more than 20 per cent from their respective 52-week highs which also means that these large cal stocks could be staring at bear markets for themselves. The stocks that fall by more than 20 per cent and trade lower for a long time are considered to be in the bear markets.
Following are some of the large caps that have fallen by more than 20 per cent from their respective 52 week highs:
| Sr No |
Large Cap Stock |
LTP |
52-W Low Price |
Near 52-W Low (%) |
Price drop from 52-W high (%) |
| 1 |
Hero Motors |
2745 |
2740 |
0.18 |
23.61 |
| 2 |
Adani Ports |
706 |
312 |
126.28 |
21.89 |
| 3 |
Indus Towers |
213.95 |
194 |
10.28 |
24.4 |
| 4 |
Petronet LNG |
214.3 |
207.25 |
3.40 |
21.62 |
| 5 |
Lupin |
966.95 |
855 |
13.09 |
22.95 |
| 6 |
Aurobindo Pharma |
736.8 |
734.4 |
0.33 |
28.45 |
| 7 |
Bandhan Bank |
293 |
251.4 |
16.55 |
31.83 |
| 8 |
GIC |
158.35 |
115 |
37.70 |
32.4 |