New Lows

On Friday, the benchmark Sensex fell by around 200 points, ending at 75,939. During this market decline, seven stocks in the BSE Energy index reached their 52-week lows. A 52-week low signifies the lowest price at which a stock has traded over the past year. While it may present buying opportunities for fundamentally strong stocks, it could also point to underlying problems or negative trends within those companies. Investors often rely on this indicator to assess price movements and gauge overall market sentiment.