Stock Slump

On Thursday, the benchmark Sensex climbed by about 115 points, finishing at 76,520. However, despite the market's gain, 11 stocks from the BSE 500 index hit their 52-week lows. A 52-week low represents the lowest price a stock has reached over the past year. While this might indicate potential buying opportunities for fundamentally strong stocks, it could also signal underlying issues or negative trends within the companies. Investors commonly use this metric to assess price movements and gauge market sentiment.