Infosys, the top loser among Nifty stocks, plunged over 3 per cent. NEW DELHI: Even as equity benchmarks Nifty50 and Sensex touched fresh record highs on Monday, over 45 stocks fell to hit 52-week lows on NSE.
Stocks that plumbed 52-week lows during Monday’s session included Accelya Kale Solutions , Balaji Telefilms, Byke Hospitality, DPSC and HSIL.
However, over 35 stocks, including 3M India, AstraZeneca Pharma India, Bata India, Berger Paints, Britannia Industries, Divi’s Laboratories and DHFL hit 52-week highs on NSE.
Equity market surged to fresh record highs on healthy buying in capital goods, financial, auto and metal stocks.
Positive global cues and a fresh rise in the Indian rupee against the US dollar too influenced the sentiment.
The NSE Nifty index was trading 81 points up at 11,551.75, while the BSE Sensex was up 327.29 points at 38,275.17 around 12:25 pm.
Among the 50 stocks in the Nifty index, 35 were in the green, while 15 were in the red.
In the Sensex pack, 25 stocks were advancing and six were declining.
Infosys, the top loser among Nifty stocks, plunged over 3 per cent on reports of company’s CFO MD Ranganath’s resignation. Ranganath, the key managerial personnel, will continue on his current role till November 16.
Larsen & Toubro, on the other hand, surged over 6 per cent as global brokerages maintained a bullish view on the firm after the company on Saturday announced that it would take up a proposal for share buyback on August 23, Thursday.