Zee Ent, UPL: 5 Nifty 500 stocks flash bearish signals, may fall up to 15%

Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.

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Bearish stocks in Nifty 500 index

Avdhut Bagkar Mumbai

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The domestic benchmark indices traded sluggish on Friday following a volatile weekly expiry. The BSE Sensex and Nifty 50 were marginally down, but Nifty Bank was seen trading in green. 

While the current broad trend has triggered an optimistic bias, there are a few stocks that are yet to recoup their losing strength. 

This year, well-know names such as UPL and Zee Entertainment Enterprises have plunged close to 9 per cent and 6 per cent, respectively. Crompton Greaves Consumer Electricals, Bharat Forge, and DCM Shriram also have not had a successful year so far.

First Published: May 12 2023 | 12:02 PM IST

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