Delhivery, Tata: Trading strategies in stocks that hit 52-week lows

A total of 195 stocks hit fresh 52-week lows in intra-day trades on the BSE; off which among the top 500 shares Delhivery and Emcure Pharmaceuticals hit new all-time lows on Wednesday.

The Indian equity benchmark indices were seen trading with a negative bias on Wednesday dragged by intense selling pressure in IT shares. The BSE Sensex was down over 400 points or 0.6 per cent, while the IT index cracked nearly 3 per cent. The broader market trend has been weak, since the benchmark indices registered a peak in September 2024. Amid the current market fall, several stocks have declined up to 50 per cent from their respective peaks, and were seen trading at record lows. On Wednesday, as many as 242 stocks out of 3,888 traded on the BSE were locked at their respective lower circuit limits, and 195 hit new 52-week lows. Prominent stocks were - IndusInd Bank, LTI Mindtree, Dr. Reddy's, IDFC First Bank, Tata Elxsi, Sonata Software, Birlasoft, VIP Industries, JP Chemicals, Latent View and Yes Bank to name a few. Among these there were two stocks namely - Delhivery and Emcure Pharmaceuticals which registered a new all-time low on Wednesday. Here's a trading strategy, with key levels, in 5 stocks that today are trading at 52-week lows.