Indian Stocks and ETFs at New 52-Week Lows

A new 52-week low on India's NSE or BSE means a stock or ETF is trading at its lowest level in a year. Indian exchanges have a set of tools aimed at stocks whose price does not seem to fit their fundamentals, and some of them show up around lows. This page lists the current names, explains those tools, shows where an investor can complain or claim compensation, and walks through a currency trap that catches U.S. taxpayers with Indian holdings.

What this list shows

The screener ranks securities listed in India that are at or below their lowest price of the past 52 weeks. India data in this widget is often delayed, and providers differ on whether a low is judged on the intraday price or the close. ETFs appear when the index or asset they follow falls to a new low. The filter is mechanical and is not a recommendation to buy, sell or hold.

Market list widget by TradingView. U.S. data is usually end-of-day; Canadian and Indian data may be delayed. Lists include stocks and ETFs and are mechanical filters, not recommendations.

How to read it

On a low, stocks can hit their lower daily band, often called a lower circuit, when the price falls by the full permitted percentage and then cannot trade lower that day. Our new highs page explains the bands. The practical point is that sellers can be stuck: if a stock sits at its lower limit with many sell orders, you may not be able to exit that day at any price.

Look at the percentage change next to the band, and at volume. A stock in a steady slide on low volume is a different case from one that dropped sharply on heavy trading. If the name is an ETF, check whether the index or asset it follows also fell.

What it does not tell you

It does not explain the cause, and it does not say whether a low is temporary. Prices that look low compared with last year can still look high against earnings, and the filter cannot tell which. Technical ratings are third-party summaries of chart indicators.

What exchanges do about weak or unusual stocks

NSE and SEBI describe a toolbox for stocks that raise concern:

• Trade-for-trade. NSE's clearing material says that for securities in the trade-for-trade surveillance segment, obligations are worked out on a gross basis. Every trade creates its own delivery and payment obligation, so buying and selling the same stock within a day does not net off.
• Graded Surveillance Measure. NSE says the GSM framework covers securities whose price does not look commensurate with financial health and fundamentals such as earnings, book value, net worth or market capitalization. Exchanges and SEBI may then place a stock in trade-for-trade, require an additional surveillance deposit, allow trading only once a week or freeze the price on the upper side.
• Price-band cuts and periodic call auctions. NSE lists reduction of price bands and call auctions among its surveillance steps for suspect or illiquid securities.

These measures are about market integrity and are not a verdict on a company.

Investor protection and complaints

NSE says its Investor Protection Fund compensates investors when a defaulter's assets do not cover admitted claims, subject to a maximum of ₹35 lakh per investor per defaulter or expelled member for claims arising after August 13, 2024. The fund does not cover market losses. It covers a trading member's failure.

For a complaint against a listed company or a SEBI-registered intermediary, SEBI says to approach the company or intermediary first. If you are not satisfied, you can lodge a complaint on SEBI's SCORES portal, which lets you track the case online.

Tax notes for investors

• Currency can turn a flat stock into a loss. A U.S. return is in dollars. The IRS says to use the exchange rate in effect when you receive, pay or accrue an item, and it has no official rate but accepts a posted rate used consistently. Hypothetical example: Priya buys Example Corp shares for ₹100,000 when a dollar buys ₹80, a cost of $1,250. She sells them for the same ₹100,000 when a dollar buys ₹100, proceeds of $1,000. The rupee price did not change, but she reports a $250 capital loss in dollars. The reverse can create a taxable dollar gain with no rupee gain.
• U.S. loss rules apply to U.S. taxpayers. Capital losses offset gains, and a limited amount of other income each year. See the capital gains guide and the U.S. new lows page.
• Indian rules are separate. An Indian resident's losses follow Indian law, which an Indian chartered accountant should confirm. Canada has different loss rules again; see the Canadian lows page.
• Reporting. Indian demat accounts can be reportable on the FBAR even in a year with a loss. NRIs should also review how their NRE and NRO accounts interact with U.S. reporting.

Keep your trade confirmations with dates and rates; our guidance on how long to keep tax records explains why, and our international tax services page describes how we help with Indian holdings.

Frequently asked questions

General information only, not tax, legal or accounting advice for your situation. Rules, limits and deadlines change; confirm the current rules with the official source or a qualified professional before you act. Reading this page does not create a professional relationship with CPA Tax Payroll and Accounting Corp.