These Large Cap Stocks have fallen by more than 20 per cent from their 52-week highs; are they in bear phase?

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These Large Cap Stocks have fallen by more than 20 per cent from their 52-week highs; are they in bear phase?

The stocks that fall by more than 20 per cent and trade lower  for a long time are considered to be in the bear markets. 

The markets have scaled to new highs with the help of Tata Steel, Bajaj Twins, M&M Finance and RIL on Monday. The broader markets underperformed while the large caps have gained yet again on Monday , continuing its trend from the past week.  

While the large caps were seen gaining on bourses we see that few large caps are trending down and trading near 52-week lows.  Also, the point to remember here is that few of the large caps have corrected by more than 20 per cent from their respective 52-week highs which also means that these large cal stocks could be staring at bear markets for themselves. The stocks that fall by more than 20 per cent and trade lower  for a long time are considered to be in the bear markets. 

Following are some of the large caps that have fallen by more than 20 per cent from their respective 52 week highs: 

Sr No  Large Cap Stock LTP  52-W Low Price Near 52-W Low (%) Price drop from 52-W high (%)
1 Hero Motors 2745 2740 0.18 23.61
2 Adani Ports  706 312 126.28 21.89
3 Indus Towers 213.95 194 10.28 24.4
4 Petronet LNG 214.3 207.25 3.40 21.62
5 Lupin  966.95 855 13.09 22.95
6 Aurobindo Pharma 736.8 734.4 0.33 28.45
7 Bandhan Bank 293 251.4 16.55 31.83
8 GIC 158.35 115 37.70 32.4