Indian markets opened higher on Thursday, tracking global equities. However, most shares slipped into the red, barring pharma and information technology stocks. The Sensex was at ₹ 60880 levels and the Nifty was at 18140 levels after shedding about 0.5% each. Here are a few stocks that reached their 52-week low on Thursday:
BSE Ltd
The share price of BSE Ltd reached a 52-week low of ₹ 542.65 apiece on Thursday’s early deals. The Bombay Stock Exchange (BSE Ltd) is an Indian stock exchange that facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.
It is listed on the National Stock Exchange (NSE) and has a market capitalisation of ₹ 7610 crores. Therefore, it is a small-cap company. It has a good dividend yield of 2.40% and an ideal debt-to-equity ratio of 0.00.
Polyplex Corporation Ltd
The shares of Polyplex reached a 52-week low of ₹ 1565.20 apiece on Thursday. The company manufactures films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels, and so on.
Ace investor Dolly Khanna holds the stock. The company has a market capitalization of ₹ 5,041 crores and is a small-cap company. The stock has been under pressure for a while since it has been facing pressure on its operating margins, owing to high raw material prices. It has an ideal debt-to-equity ratio of 0.25 and a good dividend yield of 2.55%.
Indigo Paints Ltd
The shares of Indigo Paints cracked more than 2% on Thursday to reach a 52-week low of ₹ 1284.00 apiece on Thursday’s trades. The company manufactures and sells decorative paints and is the fourth-largest decorative paint company in India.
It has a market capitalization of ₹ 6,237 crores and is a small-cap company. Volatility in crude oil prices is troubling its share price according to experts. It has an ideal debt-to-equity ratio of 0.02 and a dividend yield of 0.23%.
Written by Simran Bafna
