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5 worst performing stocks in the Nifty 100 in 2024

The article from LiveMint discusses the performance of the Nifty 100 stocks, highlighting the five worst performers over the past month. Asian Paints has seen a decline of 10.5%, primarily due to concerns over rising raw material costs and competitive pressures. IndusInd Bank dropped by 9.5%, affected by asset quality issues and a high level of non-performing assets. Nestle India experienced a 7.5% decrease, attributed to concerns about high valuations and potential margin pressures from rising commodity prices. Tata Consumer Products fell by 7%, impacted by weak demand in the tea segment and high competition in the food sector. Lastly, Avenue Supermarts (DMart) saw a 6.5% drop, reflecting concerns over slowing sales growth and margin compression. These declines come amidst broader market volatility and sector-specific challenges.

Read the Full Mint Article at:
[ https://www.livemint.com/market/stock-market-news/5-worst-performing-stocks-nifty-100-asian-paints-indusind-bank-nestle-tata-consumer-avenue-supermarts-fmcg-11737362662823.html ]