Over 160 Stocks Hit 52-Week Lows Today
169 stocks hit their 52-week lows today on NSE (National Stock Exchange) as the Indian equity markets fell for the fourth straight day. Weaker than estimated profits for the fourth quarter of the financial year 2017-18 dragged the benchmarks down.
S&P BSE Sensex fell by 0.86 percent (300.82 points) while NSE's Nifty 50 declined by 0.81 percent parked at 34,848 and 10,596 respectively. Also read: Nifty Drops For Fourth Session In A Row; Oil, Rupee Worry Investors
Among companies that hit the 52-week low today, many names belonged to the banking or financial services sector including Bank of Baroda, Central Bank of India, Corporation Bank, Oriental Bank of Commerce, UCO Bank and Syndicate Bank. The quarter of January-March 2018 has been hard on most banks from RBI's (Reserve Bank of India) revised the norms on bad loan resolution framework and widening share of non-performing assets (NPAs).
Nifty bank also settled at 25,875.60 after a 0.76 percent drop (198.20 points) than its previous close.
Check 50 of these stocks that hit their 52-week low rates:
Sl. No | Name of the Stock | Day's Low (Rupees) |
---|---|---|
1 | ABB India | 1231.6 |
2 | ACC | 1405.45 |
3 | Accelya Kale | 1277.8 |
4 | Ajanta Pharma | 1060.7 |
5 | Alembic Pharma | 482.9 |
6 | Ambuja Cements | 217.8 |
7 | Apollo Micro Sy | 206.35 |
8 | Atlanta | 69.5 |
9 | Atlas Cycles | 143.25 |
10 | Bank of Baroda | 130.8 |
11 | Bharat Dynamics | 380.65 |
12 | Bharat Road Net | 173.85 |
13 | Bharti Airtel | 368.05 |
14 | Bhartiya Inter | 397.95 |
15 | BHEL | 79.65 |
16 | Cadila Health | 386.95 |
17 | Cambridge Tech | 57.4 |
18 | Can Fin Homes | 382.55 |
19 | Ceat | 1403.6 |
20 | Central Bank | 69.9 |
21 | Clariant Chem | 482.75 |
22 | Corporation Bk | 25.8 |
23 | CRISIL | 1710 |
24 | DB Corp | 254.75 |
25 | Dhanlaxmi Bank | 18.7 |
26 | Godfrey Phillip | 824.35 |
27 | Hindustan Aeron | 1044 |
28 | HOV Services | 208.95 |
29 | India Cements | 133.8 |
30 | Indian Card | 146.95 |
31 | Jet Airways | 446.8 |
32 | Jindal PolyFilm | 236.9 |
33 | Kesoram | 104.7 |
34 | Oriental Bank | 79.85 |
35 | Ortin Labs | 15.25 |
36 | Ponni Sugars(E) | 140 |
37 | Power Finance | 77.35 |
38 | Rane Engine | 459.95 |
39 | Shirpur Gold | 124.8 |
40 | Strides Shasun | 506.7 |
41 | Sutlej Textiles | 61.85 |
42 | Syndicate Bank | 45 |
43 | Tata Motors | 315 |
44 | Trident | 59.55 |
45 | UCO Bank | 18.5 |
46 | Uflex | 302 |
47 | Vakrangee | 51.5 |
48 | Venus Remedies | 64.95 |
49 | Wanbury | 29.6 |
50 | Zee Media | 33.95 |
Meanwhile, the top gainers on NSE were Tech Mahindra, Kotak Mahindra, ITC, Induslnd Bank and TCS. On the other hand, top losers were, Jindal Steel and Power, DLF, Cipla, BHEL and Wipro.