 "17 stocks from BSE Smallcap index hit 52-week low; Bhushan Steel falls 16%")
Bhushan Steel, Multi Commodity Exchange of India (MCX), Bank of Maharashtra, United Bank of India and Vivimed Labs were 17 stocks from the S&P BSE Smallcap index hitting their respective 52-week low on BSE in intra-day trade on Tuesday.
Bombay Rayon Fashions, CL Educate, D B Corp, Dynamatic Technologies, North Eastern Carriers, Sangam India, Sathavana Ispat and Uttam Galva Steels too hit 52-week low today.
Bhushan Steel, the largest loser among the pack, was down 16% to Rs 48.60 on back of an over two-fold jump in trading volumes. In past three weeks, the stock tanked 33% against 4.8% rise in the S&P BSE Sensex.
According to Business Standard report, Tata Steel, Vedanta, and JSW Steel have finalised their plans to make financial bids for Bhushan Power & Steel, which has defaulted on loans worth Rs 470 billion to Indian lenders. Besides, the big three metal majors, Edelweiss Asset Reconstruction Company and a Dubai-based investor are also expected to bid. CLICK HERE TO READ FULL REPORT.
Bombay Rayon Fashions locked in lower circuit of 5% at Rs 75.70 on BSE. The stock of textiles Company tanked 67% from its 52-week high level of Rs 232 touched on December 18, 2017 in intra-day trade.
Bombay Rayon Fashions, CL Educate, D B Corp, Dynamatic Technologies, North Eastern Carriers, Sangam India, Sathavana Ispat and Uttam Galva Steels too hit 52-week low today.
Bhushan Steel, the largest loser among the pack, was down 16% to Rs 48.60 on back of an over two-fold jump in trading volumes. In past three weeks, the stock tanked 33% against 4.8% rise in the S&P BSE Sensex.
According to Business Standard report, Tata Steel, Vedanta, and JSW Steel have finalised their plans to make financial bids for Bhushan Power & Steel, which has defaulted on loans worth Rs 470 billion to Indian lenders. Besides, the big three metal majors, Edelweiss Asset Reconstruction Company and a Dubai-based investor are also expected to bid. CLICK HERE TO READ FULL REPORT.
Bombay Rayon Fashions locked in lower circuit of 5% at Rs 75.70 on BSE. The stock of textiles Company tanked 67% from its 52-week high level of Rs 232 touched on December 18, 2017 in intra-day trade.
| COMPANY | LATEST | 52 WK LOW | PREV LOW | PREV DATE |
| BANK OF MAHA | 20.15 | 20.10 | 20.55 | 25-Jan-18 |
| BHUSHAN STEEL | 49.85 | 49.50 | 51.15 | 20-Jun-17 |
| BOMBAY RAYON | 75.70 | 75.70 | 78.50 | 29-Jan-18 |
| CL EDUCATE | 272.90 | 268.00 | 270.15 | 29-Jan-18 |
| D B CORP | 333.00 | 330.70 | 336.65 | 29-Jan-18 |
| DYNAMATIC TECH. | 1875.00 | 1865.95 | 1899.00 | 29-Jan-18 |
| LAKSHMI ENERGY | 27.55 | 27.00 | 27.20 | 05-Oct-17 |
| MULTI COMM. EXC. | 780.60 | 776.20 | 797.10 | 29-Jan-18 |
| NORTH EASTN.CAR. | 29.10 | 28.75 | 29.00 | 29-Jan-18 |
| SAI BABA INVT. | 13.65 | 13.65 | 13.65 | 29-Jan-18 |
| SANGAM INDIA | 177.30 | 171.65 | 173.50 | 29-Jan-18 |
| SATHAVAHA. ISPAT | 27.55 | 27.55 | 27.55 | 29-Jan-18 |
| SEQUENT SCIEN. | 84.80 | 84.15 | 85.25 | 29-Jan-18 |
| TRIVEN.ENGG.IND. | 61.70 | 60.95 | 61.05 | 24-Jan-18 |
| UNITED BANK (I) | 17.10 | 16.75 | 16.90 | 18-Dec-17 |
| UTTAM GALVA | 21.00 | 20.65 | 21.00 | 04-Jan-18 |
| VIVIMED LABS. | 85.70 | 85.50 | 88.05 | 29-Jan-18 |
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