Stretched valuations in the near term, however, cap upsides while analysts of IIFL Capital Services forecast a modest Sales/PAT Cagr of 21/18% in CY23-26 with moderation in OPMs.
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Asian Paints, Nestle, IndusInd bank, and Tata Cons Prod are the stocks that hit a 52-week low in the Nifty.
The Nifty declined 1.02%, losing 247.6 points to close at 23,951.25, while the Sensex slid 1.2%, losing 964 points to conclude at 79,218, at the end of trade.
Asian Paints, Nestle, and IndusInd Bank are the stocks that hit 52-week lows in Sensex and Nifty.
On December 18, the indices extended their losing streak for the third consecutive session.
Asian Paints, Nestle, IndusInd bank, and Tata Cons Prod are the stocks that hit a 52-week low in the Nifty.
The Nifty declined 1.02%, losing 247.6 points to close at 23,951.25, while the Sensex slid 1.2%, losing 964 points to conclude at 79,218, at the end of trade.
Asian Paints, Nestle, and IndusInd Bank are the stocks that hit 52-week lows in Sensex and Nifty.
On December 18, the indices extended their losing streak for the third consecutive session.
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