An Oct. 22 screen by The Economic Times' ETMarkets showed 10 Indian stocks 40% to 53% below their 52-week highs, while two major indexes also remained well below their peaks.
At the 40% mark, Thermax was quoted at ₹3,145 against a high of ₹5,278, while Vishal Mega Mart was at ₹90 against ₹150. Rail Vikas Nigam had the largest gap, with its ₹188 price 53% below a high of ₹401. PB Fintech was down 49% to ₹1,008 from ₹1,964. The screen cited ACE Equity data.
Swiggy and Godfrey Phillips India were each 48% below their highs, at ₹224 and ₹1,763, respectively. PI Industries at ₹2,103 and Hindustan Copper at ₹421 were each 45% below highs of ₹3,833 and ₹760. SBI Cards and Payment Services and Patanjali Foods were both 42% below their peaks, at ₹558 and ₹357, respectively. ETMarkets did not provide a separate timestamp for that price snapshot.
The percentages compare each share with its own 52-week high. They do not show returns for individual shareholders because the screen does not identify when investors bought the stocks.
National Stock Exchange of India (NSE) data put the Nifty 50 at 22,687.65 at the Oct. 22 close, down 0.54% for the session and 13.97% below its 52-week high of 26,373.20. A Business Standard snapshot at 6:19 a.m. ET (10:19 UTC) placed the Nifty Midcap 150 at 21,028.65, 11.08% below its high of 23,647.50. NSE Indices says the midcap index includes companies ranked 101st to 250th by full market capitalization within the Nifty 500.
HDFC Sky linked the broader market's weakness that day to oil trading around $112 a barrel, Middle East supply concerns and inflation worries. HDFC Sky identified company results, foreign fund flows, inflation expectations and Middle East developments as areas investors were watching.
