BSE 500 stocks rally up to 74% in a month, but 292 still languish up to 64% below peak
The broader BSE 500 index has posted a strong performance over the past month, rallying more than 12%, with individual stocks soaring as much as 74%. Despite this impressive run, an ETMarkets analysis reveals that 292 stocks are still trading at least 20% below their 52-week highs—potentially presenting attractive opportunities for investors.
ADVERTISEMENT In the list are 15 stocks that have corrected by 50% or more while 50 counters have fallen between 40% and 49%. Over a 100 counters have slipped between 39% and 30% and the remaining 138 of them are down between 29% and 20%.
Domestic stock markets have remained jittery since October amid a host of factors like high valuations, 'Sell India Buy China' trade and Donald Trump's assuming charge as the US President. In the run-up to April 2, which the Trump administration referred to as the 'Liberation Day', volatility shot-up and global markets fell.
Markets have stablised post April 9 following a pause on the reciprocal tariffs until July. Notwithstanding this, volatility has stood its ground and fear gauge India VIX is still 39% higher in the past one quarter.The stocks with highest cuts include Sterling and Wilson Renewable Energy, Siemens and Punjab & Sind Bank (PSB) which have fallen by 64%, 60% and 59%, respectively. Others like Adani Green Energy, Network 18 Media & Investments, ITI, Titagarh Rail Systems, MMTC, Vedant Fashions, Tejas Networks, Route Mobile, Relaxo Footwears, Easy Trip Planners, UCO Bank and HFCL are down between 53% and 50%.Not all can be brushed under the sentiment carpet as individual stocks could be down because of company specific reasons and market mood may have only accentuated the fall. IndusInd Bank, which is grappling under governance issues and Aditya Birla Fashion and Retail's (ABFRL) demerger leading to price adjustments are cases in point.Some widely tracked stocks which are currently down between 20% and 49% are Birla Soft, Adani Total Gas, Indian Renewable Energy Development Agency (IREDA), PVR Inox, Honasa Consumer (mamaearth), Indian Railway Finance Corporation (IRFC), Tata Motors, Cochin Shipyard, Trent, Adani Enterprises, Asian Paints and Bajaj Auto.
ADVERTISEMENT
Notwithstanding the rally, BSE 500 is still 7.4% from its peak of 38,740.08 and market experts expect a bumpy ride laden with volatility in the run-up to the monthly expiry on Thursday and the Reserve Bank of India (RBI) monetary policy advising caution in the pockets which have seen sharp rally like PSU and defence.
ADVERTISEMENT Analyst VK Vijayakumar, Chief Investment Strategist, Geojit Investments the market to likely consolidate around the current levels in the near-term. "A sustained rally will happen only when leading indicators suggest revival in earnings growth. Since mutual funds are sitting on sizeable cash any dip will be bought into and high valuations will trigger selling on rallies," he added.Investors are advised to ride the volatility via stock specific approach, say experts.
ADVERTISEMENT Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel advises investors to buy in small tranches with a long term horizon. US yields are up amid current uncertainties and investors seem to be booking profit after the recent rally in Indian equities and moving to less risky assets, he said, decoding the current mood while suggesting sector diversification with trusted largecap names like HDFC Bank and Reliance Industries (RIL). "If you are hunting for value, this is not the market for you. Hunt for growth. There are two styles of making money, the value style and the growth style. The best of value is behind us. Being growth investors, lower interest rates with continued good growth outlook is a very good combo for growth investing. We think our time has come.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Nightmare for Tesla shareholders as $150 billion wiped out in market value after Elon Musk and Donald Trump's Public fight, Big fear is: Trump is not going to play ...
Tesla shares plunged more than 14% on Thursday, wiping out $150 billion in market value, as a public spat between CEO Elon Musk and President Donald Trump intensified, raising fears of regulatory backlash against the electric vehicle maker. Tired of too many ads? go ad free now The sell-off followed a heated exchange over Trump's budget bill, which turned personal when Musk claimed Trump's election victory depended on his support. Trump retaliated on Truth Social, writing, 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' hinting at targeting Musk's companies, including Tesla and SpaceX. The market's reaction was swift, with Tesla's stock drop erasing more value than the market capitalization of Starbucks or many other major U.S. companies. The decline partially reversed a surge since November, when investors poured hundreds of billions into Tesla stock, betting Trump's administration would ease regulations and support Musk's vision for autonomous 'robotaxi' services. Wedbush Securities analyst Dan Ives, a Tesla bull, expressed concern to the AP, stating, 'The whole goal of robotaxis is to have them in 20 or 25 cities next year. If you start to heighten the regulatory environment, that could delay that path.' Ives added, 'There is a fear that Trump is not going to play Mr. Nice Guy.' The feud also casts a shadow over SpaceX, Musk's privately held rocket company, which relies on billions in NASA contracts for lunar missions and International Space Station operations. SpaceX's Starlink subsidiary has recently secured deals in Saudi Arabia, Bangladesh, and elsewhere, potentially aided by Musk's ties to Trump. A recent private financing round reportedly valued SpaceX at $350 billion, up from $210 billion a year ago. Tired of too many ads? go ad free now Tesla's stock had soared post-election, gaining over $450 billion in value as investors anticipated regulatory leniency. However, Thursday's losses hit Musk personally, slashing his Tesla holdings by $20 billion in a single day, the AP reported. With Tesla's robotaxi testing set to begin in Austin, Texas, this month, investors now worry that Trump's threats could jeopardize the company's ambitious driverless car plans, critical to its future amid struggles in its core electric vehicle business.
Time of India
37 minutes ago
- Time of India
Musk vs Trump Feud: 10 ways they can destroy each other—legally
When Thomas Anderson is first unplugged from the Matrix, his body convulses. His mind rejects the truth. 'He's going into arrest,' they warn, as his world crumbles. Because when you've lived too long in an illusion, reality doesn't just disappoint—it short-circuits you. That's where Elon Musk is now. He's been yanked out of the warm, binary womb of TrumpWorld. No more bromance tweets. No more wink-wink White House briefings. No more red-carpeted corridors of power where he could whisper about AI doomsday while nudging SpaceX contracts. Just cold, hard betrayal. And now? Now he wants revenge. Here are 10 gloriously real, absurdly powerful, and completely legal ways that Trump and Musk can rip each other apart—like Neo and Agent Smith in an alley full of bad ideas. 1. Trump Pulls the Plug on Musk's Federal Billions Trump, fresh off a fiscal sobriety bender and looking for budgetary scapegoats, has a new mantra : 'No woke space toys on my dime.' He's already floated cutting $3 billion worth of contracts to Musk's empire. That's not just pruning—it's taking a chainsaw to the money tree. Tesla loses its tax credits. Starlink gets kicked out of the Pentagon's good books. SpaceX is told to sit in the corner while Blue Origin waves from the Oval Office with a smug Bezos smirk. This isn't just defunding—this is strategic neutering. 2. Musk Threatens the Republic via Rocket Blackmail Musk didn't wait to be hit first. He threatened to decommission the Dragon spacecraft —the one that ferries NASA astronauts and lunch packets to the International Space Station. The unspoken message? Nice space programme you've got there. Be a shame if something happened to it. Suddenly, space diplomacy looks more like a hostage negotiation with a Bond villain in a Twitter hoodie. 3. Trump Can Yank Elon's Security Clearance Every time Elon boasts about top-secret briefings, there's an Air Force general somewhere crying into his gin. His clearance—granted through his role in military space launches—could be revoked with one swipe of Trump's Montblanc pen. Without it, Musk becomes a liability rather than an asset. He can still launch memes, just not missiles. And without Pentagon favours, his whole 'Iron Man meets Ayn Rand' routine collapses into a Reddit thread. 4. Elon Funds a Third Party Just to Spite Him In classic Musk fashion, the Tesla tzar tweeted a poll asking if he should start a new centrist political party. It was part libertarian fantasy, part MAGA middle-finger, and 100% chaos. Over 1.8 million people voted 'Yes.' Even if it doesn't win , a Musk-backed third party could siphon off enough voters to sabotage Trump's 2028 ambitions. Think Ross Perot meets a Neuralink experiment gone rogue. 5. Trump Targets Musk's Ketamine Chronicles Bannon has demanded a drug probe into Musk's ketamine-fuelled soirées, suggesting the billionaire is 'not of sound mind.' That's ironic coming from a man who looks like he was raised on moonshine and conspiracy theories. But in TrumpWorld, personal destruction is political strategy. Imagine Musk dragged into a Senate hearing with Marjorie Taylor Greene asking, 'Were you or were you not high when naming your child X Æ A-12?' 6. Musk Unleashes Epstein Allegations Without warning, Musk lobbed a digital hand grenade: that Trump's White House deliberately delayed the release of Epstein files because his name may have been in them. He offered no evidence—just vibes and vengeance. But in a country where 30% of voters think Wayfair sells children, that's enough to spark headlines, hearings, and hashtags. When Elon says, 'Mark this post,' he's not just trolling—he's threatening to turn on the lights in a room no one wants to see. 7. Trump Ends DOGE—the Bureaucratic Crypto Baby The Department of Government Efficiency, nicknamed DOGE, was Musk's vanity project: part startup, part prank, part Silicon Valley fever dream. Its mission? Replace Washington's bureaucratic sludge with blockchain optimism and quarterly reports. Trump could axe it tomorrow and return the halls of power to their natural state: clogged, confused, and blissfully analog. No more agile government. No more 'lean federalism. ' Just 500-page PDFs printed in triplicate. 8. Elon Withholds the Final $100M Musk had pledged a total of $350 million to support Trump's 2024 run. But the final $100 million is still hanging —like a Sword of Damocles in a cryptocurrency wallet. Trump, a man who treats loyalty like a Costco membership, doesn't forgive open wallets with closed zips. This isn't just about money—it's about respect. And Musk knows just how much Trump hates being ghosted, especially by someone richer. 9. Trump Questions Musk's Citizenship The Birther playbook is back. Bannon claims Musk is an 'illegal alien.' Never mind that Elon's been a naturalised American citizen since 2002. Trump doesn't need facts—just vibes, slogans, and a red hat. Expect rallies where Trump says, 'Elon? Great guy. But I'm hearing things. People are saying.' That's how the political meat grinder starts: with an innuendo and ends with a Senate subcommittee. 10. Musk Starves MAGA's Internet Starlink, Musk's satellite internet service, powers vast swathes of rural America—aka MAGA heartland. One well-timed update and Fox Nation stops loading. Steve Bannon's podcast gets frozen mid-rant. Truth Social becomes Truth Unavailable. Musk doesn't even need to admit fault. He can just smirk and say, 'Server overload. We're working on it.' MAGA may love him, but they'll riot if they miss Tucker's rerun. Final Thought: Welcome to the Unplugged War This isn't a feud—it's a glitch in the Matrix. Two megalomaniacs, both convinced they are The One. Trump, the spiritual father of populist politics. Musk, the meme-mad prophet of techno-libertarianism. They fed each other, validated each other, needed each other. But now the code is breaking. And if The Matrix taught us anything, it's this: when reality reasserts itself, the ones who rejected it scream the loudest. Musk took the red pill. Trump wrote the damn pill into law. Now they're locked in a fight to see who can bend reality back first. Only one can emerge from the simulation. The other gets ratioed on his own app.
Hindustan Times
40 minutes ago
- Hindustan Times
Hours after fiery exchange with Elon Musk, Donald Trump softens tone: 'Oh, it's okay'
Hours after a fiery public exchange between US President Donald Trump and Tesla CEO Elon Musk, signs of a truce between the two of the world's most powerful men are emerging. According to POLITICO, White House aides have scheduled a call on Friday with the billionaire Tesla CEO to broker a peace. They are also attempting to convince the president to soften his public criticism of Musk to prevent any further escalation. When asked about the public exchange with one of his strongest backers, Trump told POLITICO, "Oh, it's okay.' The exchange between Trump and Musk began after the US President, in a televised Oval Office, said that he was "very disappointed" after his former aide and top donor criticised his "big, beautiful" spending bill before Congress. Also Read | Trump-Musk fallout: How it will impact the president and the tycoon 'I'm very disappointed in Elon," Donald Trump said. 'I've helped Elon a lot.' Trump also suggested the world's richest man misses being in the White House and has 'Trump derangement syndrome", according to the Associated Press. Also Read | How Donald Trump-Elon Musk tensions went from bad to worse in days: A blow-by-blow recap The two then traded insults over social media, with Musk – who was Trump's biggest campaign donor to the tune of $300 million – claiming the Republican would not have won the 2024 election without his support. Musk also, without proof, claimed that Trump was mentioned in government documents on disgraced financier and sex offender Jeffrey Epstein. On the other hand, Trump suggested Musk's multibillion-dollar government contracts, including for launching rockets and for the use of the Starlink satellite service, should be terminated to save money for the federal government. Also Read | Tesla shares plummet 14% amid Elon Musk-Donald Trump feud, $153 billion lost. What's next? "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump said on Truth Social. White House Press Secretary Karoline Leavitt told AFP that Musk's Epstein tweet "is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted."
