Stock Tumbles Near to 52 Week Low ,FII withdrawn Huge Money in Oct Month ,Market Corrected, Check Corrected Stock.

 Significant Correction in Nifty Over Past Two Months

Over the past two months, the market has experienced a sharp correction, taking a noticeable U-turn. Since 02-Sep-2024, the market has declined by 2,363 points, representing an approximate drop of 8.99% as of 28-Nov-2024.

The index, which was at 26,277 on 2-Sep-2024, has now fallen to 23,914, marking a significant pullback.

This downward trend highlights potential shifts in market sentiment or external factors at play. A detailed analysis of this correction could provide insights into what’s driving this decline and its implications for the months ahead.

Effects on Indian Market Since October 2024, FII withdrawn Huge Amount of Money in Oct Month

FII HUGE AMOUNT WIDRAWN IN OCT AND NOV 2024

FII : Net Buy/ Sell ( Monthly)	Value in Crore
Nov 2024	-29,689.64
Oct 2024	-104,251.62
Sep 2024	+352,573.52

Statistics indicate a significant impact on the Indian market since October 2024. The data highlights has a drastic decline, primarily driven by the actions of Foreign Institutional Investors (FIIs).

The sustained outflows and volatility caused by FIIs have heavily influenced market sentiment, leading to notable corrections across various sectors.

Further analysis can uncover the underlying factors and potential strategies for navigating these challenges, Some of the stocks are chosen which has corrected more than 30% from their life time high and trading near to 52 Weeks low.

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Stock Tumbles Near to 52 Weeks Low

Stock Avanti Feeds  Avanti Feeds Sees Sharp Correction

In August 2024, Avanti Feeds was trading at a high of ₹793. However, the stock has since undergone a significant correction of 31.65%, dropping to ₹542.

This decline reflects a significant shift in market sentiment or dynamics impacting the stock. However, with a surge in trading volumes over the last two sessions, the stock has shown an upside recovery and is now trading at ₹580.

Results of Avanti Feeds

Stats	Sep-24	Sep-23
Total Income	1,396	1,312
EBIT	162	113
Tax	40	30
Net Profit	120	82
		Fig in Crore

The company’s Q2FY25 performance demonstrated remarkable growth, achieving a 31.6% increase in profit compared to the same quarter in Q2FY24.

Avenue Supermarket Corrected 35% from its High 

The stock reached its peak at ₹5,484 in September 2024, marking a significant resistance level. However, it has since undergone a substantial 35% correction, due to the profit booking and retraced sharply from its highs, indicating bearish momentum.

Sep 2024 Results of Avenue Supermarket.

Stats	Sep-24	Sep-23
Total Income	14,478	12,661
EBIT	919	867
Interest	16	15
Tax	243	228
Net Profit	659	623
		Fig in Crore

The company’s Q2FY25 results demonstrated strong performance compared to Q2FY24. Over the past two trading sessions, the stock has exhibited upward momentum, supported by good volume.

Asian Paints Corrected 28.6 % from 52 Weeks high

Since May 2024, the stock has been forming higher highs, reaching ₹3,394 on 16-Sep-2024, marking its second-highest level of the year. The stock’s 52-week high of ₹3,422 was achieved in December 2023. However, profit booking triggered a significant correction, with the stock declining to ₹2,762—representing a 28.6% drop from its recent high on 16-Sep-2024. The correction is further attributed to lower marginal sales and profit pressures, which continue to weigh on the stock’s performance. On weekly chart the RSI is below 30 Level and MACD is -111 ,the stock under accumulation zone.

Results of Asian Paints

Stats	Sep-24	Sep-23
Total Income	8,201	8,643
EBIT	990	1,672
Interest	63	50
Tax	265	418
Net Profit	662	1,203
		Fig in Crore

An RSI (Relative Strength Index) above 70 is generally considered an indication that the stock is overbought. This suggests that the stock may have risen too quickly and could be due for a pullback or correction.

An RSI below 30 is typically considered an indication that the stock is oversold. This suggests that the stock may have been sold off too aggressively, and there could be potential for a rebound or upward movement.

AU Small Finance Corrected 26 % from 52 Weeks high

The stock has made the the 52 week high ₹ 813 in the month of Jan 2024 and again high ₹ 755 in the month of Sep 2024,

Since September stock  is under correction and in the accumulation zone for and trading at ₹ 557 , the stock has corrected from its recent high of 26%  however the stock 52 weeks low is ₹ 553 , stock is trading at 52 weeks level .

Results of  AU Small Finance

AU SMALL FINANCE
Stats	Sep-24	Sep-23
Total Income	4,548	2,956
Provisions & Contigencies	372	114
PBT	758	553
Tax	187	131
Net Profit	571	401
		Fig in Crore

Stock RSI at 37 Level and MACD -21.

Indian Market Sentiments

From October to November the market direction is very uncertain due to Global unstabilty, Today all the Indices are closed in RED

NIFTY 50  23,914.15  -360.75 (-1.49%) , While the 46 Stock closed in Red and Four in Green

NIFTY IT  42,968.75  -1,049.95 (-2.39%), All Ten stock closed in Red

NIFTY BANK  51,906.85  -394.95 (-0.76%), Seven Stocks closed in Red and Three in Green

Today Indian market Nifty fifty closed below the 24000 Marks .

Disclaimer 

The information provided on this website is for educational and informational purposes only and should not be considered as financial, investment, or trading advice. All content, including stock analyses, market data, and opinions, is based on publicly available information believed to be accurate at the time of publication.

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