Rolta India, Ipca Lab, Inox Wind, Tree House, Punj Lloyd hit 52-week low

GVK Power & Infra, Jaypee Infratech and Sunrise Asian from the BSE500 index hit their respective 52-week lows

Rolta India, Ipca Laboratories, Inox Wind, Punj Lloyd, Tree House Education & Accessories, GVK Power & Infrastructure, Jaypee Infratech and Sunrise Asian from the BSE500 index, hit their respective 52-week lows on the BSE (Bombay Stock Exchange) today in an intra-day trade.

Rolta India dipped 3% to Rs 63, extending its 15% fall in past four trading sessions, after the company reported 13.7% quarter on quarter (QoQ) decline in consolidated net sales at Rs 846 crore for the quarter ended March 2016 (Q4FY16). The information technology company had net sales of Rs 981 crore in December 2015 quarter.

The rating agencies S&P Global, Fitch & India Ratings cut the company's credit score, due to non-service of interest on senior notes by Rolta LLC and arrears on ECB installment of the company. Rating agencies have stated that once the dues are paid, the rating will be suitably revised, Rolta India said in a statement.

Tree House Education & Accessories tanked 10% to Rs 50, also its fresh 52-week low on the BSE. In past six trading sessions, the stock plunged 37% from Rs 79 on May 27, after the company announced that Zee Learn has decided to keep on hold the scheme of amalgamation of the company as per the share exchange ratio agreed upon.

“Zee Learn will not be going ahead with the currently agreed share exchange ratio of 53 fully paid equity shares of Rs 1 each of Zee Learn for 10 fully paid equity shares of Rs 10 each of Tree House,” Zee Learn said in a statement to BSE.

Meanwhile, Tata Motors, Yes Bank, Asian Paints, Kotak Mahindra Bank, Zee Entertainment Enterprises, Biocon, Muthoot Finance, Kajaria Ceramics, Shree Cement and D B Corp from the BSE500 index touched their respective 52-week highs on the BSE.