Why These Stocks Went Down: Today’s 52-Week Lows
Not every trading day brings good news. While some companies climb to new highs, a few others slip to the lowest point they have seen in a full year.
When a stock touches a 52-week low, it usually reflects deeper challenges within the company or the industry it belongs to.
Today, five well-known names found themselves on the downside list: Apollo Pipes, Jaro, Milton Industries, NIIT, and United Food.
We at Stockyaari offer you these updates so you can see how businesses are doing and what might be affecting the mood of the market as a whole.
| Company Name | Today’s High | Today’s Low | Last Price | Chg | %Chg |
| Apollo Pipes | ≈ 319.90 | ≈ 311.00 | ≈ 311.70 | ≈ -3.25 | ≈ -1.03 |
| Jaro Insti Tech | ≈ 629.70 | ≈ 601.10 | ≈ 604.20 | ≈ -22.45 | ≈ -3.58 |
| Milton Industries | ≈ 26.15 | ≈ 26.15 | ≈ 26.15 | ≈ -1.35 | ≈ -4.91 |
| NIIT | ≈ 107.61 | ≈ 103.25 | ≈ 104.16 | ≈ -1.79 | ≈ -1.69 |
| United Food | ≈ 211.79 | ≈ 207.00 | ≈ 207.92 | ≈ -3.04 | ≈ -1.44 |
Source: NSE & Moneycontrol
Buyers should think about why these declines are happening, because they often point to problems that could harm both the whole portfolio and individual stocks.
Let’s take a closer look at what caused these five stocks to hit new lows today.
1. Apollo Pipes
Apollo Pipes faced a decline as its business slowed down. The company produces plastic pipes; however, interest from the construction and farming sectors has been limited due to a lack of demand.
For the first time in years, profits experienced a significant decline, leading to dissatisfaction among investors regarding the company’s performance.
2. Jaro
Jaro has recently gone public, which means its shares are now available for trading. Initial hopes were high, but enthusiasm faded quickly. Investors began selling their shares to lock in profits.
The general market sentiment towards technology education stocks also worsened, which further affected Jaro’s share price.
3. Milton Industries
Milton Industries hit a new low as its sales dropped sharply, nearly halving compared to the previous year. Key business areas did not do well, and there were no signs of a comeback. The company has struggled to persuade investors that it can bounce back.
4. NIIT
NIIT focuses on training and education. It is seeing a drop in sales and profits. The company’s promoters have reduced their ownership, which has raised further concern among shareholders. Historically, NIIT’s shares usually decline in October, and this year is no different.
5. United Food
United Food faced a major challenge from a cyber-attack that harmed its systems and led to a drop in revenue.
Rising costs and worries about future growth made the situation worse for the company. As a result, its stock hit a 52-week low.
Conclusion:
These companies reached their lowest level of the year for diverse reasons, but the main cause is that the company isn’t doing well and there is bad news.
The shareholder psychology is also important; when people are worried, even slight problems can make values drop quickly.
You can avoid shocks in your portfolio by keeping a lookout for these warning indicators.
Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before investing.
Chandan Pathak
Equity Research Analyst