4 Stocks With Highest Fall From 52-Week High In BSE 500

The BSE Benchmark Sensex and NSE Nifty witnessed approximately 2% dip on September 23, 2022 as more than 4 lakh of investors wealth eroded amid weak global cues. The BSE Sensex fell by 1020 points in trade on Friday to end the day at 58,098 and the broader Nifty 50 registered a decline of 302 points to close at 17,327. As markets witnessed sharp decline, 4 stocks registered highest fall from their 52-week high in BSE 500. Here are they:

1. Oil India Ltd

The current market price of the stock is Rs 184 apiece with its 52-week high at Rs 306 and 52-week low at Rs 169 apiece. The stock has registered sharp decline from 52-week high at 39.87%. The Mid-Cap stock has a market capitalization of Rs 20,039.81 crore as on September 24, 2022.

The stock has declined 15% in the last 5 years, surged 21% in last 3 years, and fell again 13% in the last 1-year.

The Navratna PSU stock is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas transportation of crude oil and production of liquefied petroleum gas (LPG). It was incorporated in 1959.

2. Mangalore Refinery & Petrochemicals Ltd

The current market price of the stock is Rs 63 apiece. The stock is quoting its 52-week high at Rs 127 apiece and 52-week low at Rs 37 apiece, respectively. The company has a market capitalization of Rs 11,111.48 crore, according to BSE data.

The stock has witnessed a dip of 50% in the last 5 years, a gain of 29% in last 3 years, and again a gain of 43% in the last 1 year. The stock has fallen 50.39% from 52-week high level.

The mid cap stock came into existence in 1988. Mangalore Refinery and Petrochemicals Limited is a Miniratna central public sector enterprise under the Ministry of Petroleum & Natural Gas. MRPL is headquartered in Mangaluru city.

3. Swan Energy Ltd

The mid-cap stock operates in diversified sector. The stock has declined 32% from its 52-week high. The current market price is Rs 228 apiece with 52-week high quoted at 337 apiece and 52-week low at Rs 112 apiece. The company has a market capitalization of Rs 6037 crore. The stock has given multibagger return to investors with 5-year return at 63%, 3 years return at 127%, and 1-year return at 76%.

The Company was established in 1909. The products manufactured by the company are polyester blended shirting, sarees, Cotton and blended Cambrics, etc. yarn Counts 10 to 100s, Polyester blended 45 to 80s.

The Company has three verticals of business that may include Textiles, Energy, and Constructions, among others.

4. Amber Enterprises India Ltd

The current market price of the stock is Rs 2247 apiece. The stock has fallen 44.15% from its 52-week high. The 52-week high is Rs 4023 apiece and 52-week low is Rs 2029 apiece, respectively.

The company has a market capitalization of Rs 7,574 crore. The stock has given a return of 80% in the last 5 years, 145% in the last 3 years, and fallen 28% in last 1 year.

The company was incorporated as Amber Enterprises India Private Limited, as a private limited company under the Companies Act, 1956. It was converted to a public limited company on September 22, 2017. From a single factory in Rajpura, Punjab, that commenced operations in 1994, it has now grown to 10 manufacturing facilities across seven locations in India. It operates in consumer durables sector.