 "Deepak Fertilisers, Hexaware, Dixon Technologies hit 52-week lows")
Shares of Rallis India, Deepak Fertilisers & Chemicals, Dixon Technologies (India), Hexaware Technologies, Take Solutions and BASF were among 22 stocks from the S&P BSE Allcap index hitting their respective 52-week lows on Friday in intra-day trade.
V2 Retail, Asahi India Glass, CARE Ratings, Hinduja Ventures, Hotel Leela Ventures, Shankara Building Products and Network18 Media & Investments from the index too hit 52-week lows today.
At 02:44 PM; the S&P BSE Allcap index was trading at flat 4,067 levels, as compared to 0.27% rise in the S&P BSE Sensex.
Deepak Fertilisers & Chemicals was down 3% to Rs 177, extending its past two days 13% fall, after a 56% drop in net profit at Rs 190 million in September 2018 quarter. It had a profit of Rs 430 million in a year ago quarter. The company said profitability was adversely impacted due to rupee depreciation & significant rise in raw material prices.
Hexaware Technologies fall 3.5% to Rs 305, down 23% in past one month. The information technology company reported a lower-than-expected 2.1% sequential revenue growth in constant currency terms in the September quarter.
“The revenue in September quarter was challenged by unforeseen furloughs, delayed ramp-ups in two deals and supply challenges because of a tight job market in the US and visa issues. This led to a 100bp downward revision in the revenue growth guidance to 11-12% (50bp attributed to the miss and 50bp to cross-currency movements),” Motilal Oswal Securities said in result update with ‘neutral’ rating on the stock.
Dixon Technologies (India) slipped 5% to Rs 1,952, its lowest level since listing on September 18, last year. Thus far in the calendar year 2018, the stock tanked 53%, as compared to 4% rise in the benchmark index.
V2 Retail, Asahi India Glass, CARE Ratings, Hinduja Ventures, Hotel Leela Ventures, Shankara Building Products and Network18 Media & Investments from the index too hit 52-week lows today.
At 02:44 PM; the S&P BSE Allcap index was trading at flat 4,067 levels, as compared to 0.27% rise in the S&P BSE Sensex.
Deepak Fertilisers & Chemicals was down 3% to Rs 177, extending its past two days 13% fall, after a 56% drop in net profit at Rs 190 million in September 2018 quarter. It had a profit of Rs 430 million in a year ago quarter. The company said profitability was adversely impacted due to rupee depreciation & significant rise in raw material prices.
Hexaware Technologies fall 3.5% to Rs 305, down 23% in past one month. The information technology company reported a lower-than-expected 2.1% sequential revenue growth in constant currency terms in the September quarter.
“The revenue in September quarter was challenged by unforeseen furloughs, delayed ramp-ups in two deals and supply challenges because of a tight job market in the US and visa issues. This led to a 100bp downward revision in the revenue growth guidance to 11-12% (50bp attributed to the miss and 50bp to cross-currency movements),” Motilal Oswal Securities said in result update with ‘neutral’ rating on the stock.
Dixon Technologies (India) slipped 5% to Rs 1,952, its lowest level since listing on September 18, last year. Thus far in the calendar year 2018, the stock tanked 53%, as compared to 4% rise in the benchmark index.
| COMPANY | LATEST | 52 WK LOW | PREV LOW | PREV DATE |
| ASAHI INDIA GLAS | 277.25 | 275.00 | 276.25 | 15-Nov-18 |
| ASAHI SONGWON | 226.95 | 221.20 | 227.00 | 15-Nov-18 |
| ASHAPURA INTI. | 47.80 | 47.80 | 50.30 | 15-Nov-18 |
| BASF INDIA | 1539.00 | 1535.65 | 1545.80 | 15-Nov-18 |
| CARE RATINGS | 1007.45 | 1004.40 | 1005.00 | 15-Nov-18 |
| DEEPAK FERT. | 177.55 | 176.65 | 181.00 | 15-Nov-18 |
| DIXON TECHNOLOG. | 2000.00 | 1951.95 | 2041.00 | 26-Oct-18 |
| HEXAWARE TECH. | 308.00 | 305.05 | 308.10 | 29-Oct-18 |
| HINDUJA VENTURES | 411.00 | 405.25 | 408.00 | 15-Nov-18 |
| HOTEL LEELA VEN. | 11.80 | 11.69 | 11.75 | 15-Nov-18 |
| KUSHAL | 23.00 | 22.10 | 22.55 | 15-Nov-18 |
| MOTHERSON SUMI | 149.80 | 140.80 | 141.15 | 15-Nov-18 |
| NAGARJUNA FERT. | 8.20 | 8.20 | 8.21 | 14-Nov-18 |
| NETWRK.18 MEDIA | 39.40 | 38.90 | 39.30 | 27-Jun-18 |
| RALLIS INDIA | 165.10 | 161.20 | 163.00 | 15-Nov-18 |
| RATTANINDIA INFR | 2.99 | 2.81 | 2.82 | 15-Nov-18 |
| SATIN CREDITCARE | 209.95 | 183.00 | 195.65 | 26-Oct-18 |
| SHANKARA BUILD. | 844.00 | 842.65 | 887.10 | 15-Nov-18 |
| SINTEX PLASTICS | 24.80 | 24.50 | 24.55 | 15-Nov-18 |
| SUPREME PETROCH. | 202.70 | 200.00 | 200.90 | 15-Nov-18 |
| TAKE SOLUTIONS | 140.00 | 132.40 | 141.70 | 23-Oct-18 |
| V2 RETAIL | 255.55 | 240.00 | 250.00 | 12-Nov-18 |
| VETO SWITCHGEARS | 65.00 | 65.00 | 68.30 | 12-Oct-18 |
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