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Five stocks from the BSE 200 index hit 52-week lows amid the market downturn. This low marks the lowest price in a year, signaling potential undervaluation or weakness, and is closely watched by investors for buying opportunities or market sentiment.

From the Nifty 500, here are the top five stocks with the highest TTM P/E ratios, based on a valuation scan by Stockedge.com, indicating fast growth in stock price than earnings.

Revenue from operations is projected to grow between 17-20% year-on-year, according to estimates from three brokerages, while profit is expected to rise by 18% YoY. Segment-wise, analysts forecast a 2% YoY revenue increase for the VSF business and 5% for the chemical segment.

Indian markets plunged on Wednesday, with the Sensex falling 984 points to 77,690 and the Nifty dropping 324 points to 23,559. Rising inflation, weak earnings, and foreign outflows dampened sentiment, ending hopes for a rate cut.

The Nifty Auto index closed 2.17 per cent at 22765.20.

A decisive break below 23,500 could drive the index further down to the 23,300-23,200 range, where trend line support is located. While the overall market sentiment seems negative, it remains to be seen how Nifty performs around the 200-DEMA support, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

Bengaluru-headquartered apparel exporter Gokaldas Exports posted an 18.77% rise in consolidated profit at Rs 28.16 crore for the quarter ended September 30, mainly led by exports. The company had posted a net profit of Rs 23.71 crore for the same quarter a year ago.

Acme Solar Holdings listed at a 13% discount to its issue price, indicating subdued investor response. The company operates in the promising renewable energy sector and has shown strong growth and improved profitability. However, the high debt-to-equity ratio remains a concern.