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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 177.00BSE Quote2.3 (-1.30%)
NSE 177.05NSE Quote2.35 (-1.33%)
MMTC: Quotes, News
BSE 18.75BSE Quote0.45 (-2.40%)
NSE 18.85NSE Quote0.35 (-1.86%)
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.

GoodReturns.in

Read more about: 52 week lows
Story first published: Wednesday, March 20, 2013, 9:59 [IST]
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