25 PSU stocks trading 10%-37% lower from 52-week highs amid profit booking; check full list

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BSE PSU index are trading between 10% and 37% lower from their 52-week highs. Leading this trend is SJVN, which has witnessed a significant decline over the last two trading sessions, tumbling by 24%. From its 52-week high of ₹170.50, the stock has corrected by 37%, currently trading at ₹108.15 apiece.

Also Read: Profit of Indian public sector banks surged by 40% in first nine months of FY24 This substantial decline in share value follows the company's weak performance in Q3, reporting a 51.6% decrease in net profit to ₹139 crore, compared to ₹287 crore during the same period last year. The stock had previously seen a significant rally from March 2023 to January 2024, surging by 322% in less than a year. Similarly, shares of NBCC (India), a state-owned construction firm, have continued to decline for the seventh consecutive trading session, dropping another 6.60% today to reach ₹124.40 apiece.

Over the past seven sessions, including today, the stock has witnessed a significant decrease of nearly 26.23%. From its 52-week high of ₹176.85 per share, the stock is currently down by 30%. Between January 19 and February 02, the stock delivered a stellar return of 93.5% in just a two-week period, surging in value from ₹87.20 apiece to ₹168.65.

Also Read: LIC's journey so far: A muted debut, a long rough patch and a stellar rebound, this stock has seen it all BEML's shares have continued their downward trend for the fourth consecutive trading session, declining by another 4% today to ₹2,771, following a steep 11.30% drop in the previous session. The stock's decline began after it reported a decrease in net profit in Q3, both year-on-year and quarter-on-quarter. This recent correction has brought the stock to its lowest point in