Blue chip stocks hammered to 52-week lows

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Blue chip stocks hammered to 52-week lows
Hindalco Industries: Quotes, News
BSE 183.15BSE Quote0.55 (0.30%)
NSE 183.30NSE Quote0.35 (0.19%)
MMTC: Quotes, News
BSE 64.05BSE Quote0.25 (0.39%)
NSE 64.10NSE Quote0.3 (0.47%)
Shares in blue chip companies hit 52-week lows after poor market sentiments following political uncertainty in the country and global worries linked to Cyprus pushed markets lower.

Shares in global aluminium major Hindalco dropped to a 52-week low of Rs 91.53 on the National Stock Exchange and was last trading at Rs 93.15.

Similarly, MMTC in which the government sold a stake recently, hit a new 52-week low of Rs 266, down from a 52-week high of Rs 873.

India's leading power equipment manufacturer Bharat Heavy Electricals (BHEL) slid to a 52-week low of Rs 184.80 on persistent selling.

Other renowned stocks that hit their 52-week lows were BEML, Reliance Infra, ABB and GTL Infra.

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