144 stocks trade at over five-year low; Nomura lowers Nifty target

Given the economic slowdown, analysts see more downward revisions in corporate earnings over the next few quarters.

A slew of negative news flow over the past few weeks amid an economic slowdown has dented the market sentiment with heavyweights such as Tata Motors, Oil and Natural Gas Corporation (ONGC), Coal India, Tata Coffee and Steel Authority of India (SAIL) trading at over five-year low levels.

There are 144 stocks in all, including the ones above, from the S&P BSE Allcap index that have slipped to their lowest level in five years. That apart, stocks such as DLF, Tata Steel, ITC, India Cements, NBCC,  GIC Housing Finance and Raymond comprise the 273 counters that are trading at a