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Business
ASTS, CRWV, RGTI Stocks Hit 52‑Week Lows on Market Sell‑Off
✍️ Asianet Newsable
🗓 03 Nov 2026, 09:32 AM
👁 20
Shares of ASTS, CRWV and RGTI fell sharply on the NSE today, reaching their lowest points in a year amid a broader sell‑off in the Indian equity market.
ASTS Ltd., CRWV Ltd. and RGTI Ltd. saw their shares tumble to 52‑week lows on the National Stock Exchange on Tuesday, marking a steep decline in the Indian equity market. The stocks closed down 12.5%, 9.8% and 10.3% respectively, falling to their lowest levels since last March.
The sell‑off was part of a broader market trend, with the benchmark Nifty 50 index slipping 1.2% and the Sensex dropping 1.4%. Investors appeared cautious after a series of mixed economic data, including weaker-than‑expected retail sales and concerns over global interest rate hikes.
Analysts noted that the three companies, which operate in the infrastructure and logistics sectors, were already trading near the bottom of their respective price ranges. The sharp decline reflects a combination of sector‑specific headwinds and a general pullback in risk‑seeking sentiment.
While no single catalyst was identified, the market’s reaction to recent macroeconomic indicators and a tightening monetary stance by the Reserve Bank of India likely contributed to the sharp fall in these stocks.
The sell‑off was part of a broader market trend, with the benchmark Nifty 50 index slipping 1.2% and the Sensex dropping 1.4%. Investors appeared cautious after a series of mixed economic data, including weaker-than‑expected retail sales and concerns over global interest rate hikes.
Analysts noted that the three companies, which operate in the infrastructure and logistics sectors, were already trading near the bottom of their respective price ranges. The sharp decline reflects a combination of sector‑specific headwinds and a general pullback in risk‑seeking sentiment.
While no single catalyst was identified, the market’s reaction to recent macroeconomic indicators and a tightening monetary stance by the Reserve Bank of India likely contributed to the sharp fall in these stocks.