Tata Motors, Force Motors, BEML hit fresh 52-week lows
Tata Motors DVR, ICRA, GE Shipping and Max Financial Services were among nine stocks from the S&P BSE 500 index hit 52-week lows.
 "Tata Motors, Force Motors, BEML hit fresh 52-week lows")
premium
Shares of Tata Motors, Tata Motors DVR, Force Motors, BEML, ICRA, Great Eastern Shipping Company and Max Financial Services were among nine stocks from the S&P BSE 500 index hitting their respective fresh 52-week lows in noon deal on the BSE.
Tata Motors (down 4% at Rs 339) and Tata Motors DVR (down 3.5% at Rs 189) have fallen below their previous 52-week low recorded on March 12, 2018 in intra-day trade.
In past three months, Tata Motors was down 15% as compared to 1% decline in the S&P BSE Sensex on concerns of volume growth in JLR (Jaguar Land Rover). The JLR’s total retail sales in February dropped by 2.6% year on year (YoY) at 39,911 units.
BEML was trading 2% lower at Rs 1,077, falling 21% in past nine trading sessions after the company said it is not aware of government in principle approval to sell 26% stake in the company.
“We would like to clarify that the Company is not aware of any information related to the said new item,” BEML said with reference to news flashed on TV channel on March 05, 2018 quoting "Govt gives in principle approval to sell 26% stake in BEML.”
Force Motors hit 52-week low of Rs 2,755, extending its past two months decline after the company reported a disappointing set of numbers for the quarter ended December 2017 (Q3FY18).
Tata Motors (down 4% at Rs 339) and Tata Motors DVR (down 3.5% at Rs 189) have fallen below their previous 52-week low recorded on March 12, 2018 in intra-day trade.
In past three months, Tata Motors was down 15% as compared to 1% decline in the S&P BSE Sensex on concerns of volume growth in JLR (Jaguar Land Rover). The JLR’s total retail sales in February dropped by 2.6% year on year (YoY) at 39,911 units.
BEML was trading 2% lower at Rs 1,077, falling 21% in past nine trading sessions after the company said it is not aware of government in principle approval to sell 26% stake in the company.
“We would like to clarify that the Company is not aware of any information related to the said new item,” BEML said with reference to news flashed on TV channel on March 05, 2018 quoting "Govt gives in principle approval to sell 26% stake in BEML.”
Force Motors hit 52-week low of Rs 2,755, extending its past two months decline after the company reported a disappointing set of numbers for the quarter ended December 2017 (Q3FY18).
The company reported 36.98% YoY decline in standalone net profit at Rs 146 million in Q3FY18 against Rs 233 million in the same quarter of the previous fiscal.
| COMPANY | LATEST | 52 WK LOW | PREV LOW | PREV DATE |
| BEML LTD | 1073.00 | 1062.20 | 1085.95 | 09-Mar-18 |
| FORCE MOTORS | 2775.00 | 2755.00 | 2775.80 | 12-Mar-18 |
| GATEWAY DISTR. | 192.50 | 192.00 | 192.00 | 19-Feb-18 |
| GE SHIPPING CO | 350.80 | 349.60 | 350.25 | 12-Mar-18 |
| GLAXOSMI. PHARMA | 2222.00 | 2222.00 | 2241.55 | 12-Mar-18 |
| ICRA | 3645.00 | 3635.15 | 3666.15 | 13-Mar-18 |
| MAX FINANCIAL | 449.00 | 445.10 | 452.30 | 14-Mar-18 |
| TATA MOTORS | 340.10 | 339.25 | 340.65 | 12-Mar-18 |
| TATA MOTORS-DVR | 189.85 | 189.50 | 190.65 | 12-Mar-18 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%