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Apollo Tyres, Jet Airways among 37 stocks in BSE500 index to hit 52-wk lows

GIC Housing, Sun TV Network, Vodafone Idea, BEML, Bharat Electronics, and Bharti Infratel were among 37 stocks from the S&P BSE 500 index hit 52-week lows.

SI Reporter  |  Mumbai 

broker
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Photo: Reuters)

Shares of Apollo Tyres, GIC Housing Finance, Sun TV Network, Vodafone Idea, BEML, Bharat Electronics, (ITNL) and Bharti Infratel were among 37 stocks from the 500 index hitting their respective on the on Wednesday.

Shares of all three listed state-owned oil marketing companies (OMCs) – Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation – along with aviation companies Jet Airways and InterGlobe Aviation (IndiGo) have hit due to rising crude oil prices.

Indiabulls Real Estate, Navkar Corporation, Prestige Estates and Shankara Building Products from the real estate and related sector too hit today.

Of these 37 stocks, ITNL, BEML, Jaiprakash Associates, Jet Airways, Bharat Electronics, and HPCL have seen their market price tanked more than 50% in past one year.

ITNL has slipped 5% to Rs 24.90, extending its 13% decline in the past two days on the Rating agency ICRA Sunday downgraded loan and debentures of infrastructure financing firm IL&FS to 'default risk' citing liquidity pressure on the group on the back of sizeable repayment obligations. The rating of IL&FS, which has reportedly defaulted on payment, is kept underrating watch with developing implications. IL&FS is the promoter of ITNL.

hit an intra-day low of Rs 226, falling 23% since August, after the company announced June 2018 quarter results. The company also proposed an investment plan of about Rs 38 billion towards a greenfield plant in Andhra Pradesh to make truck and bus radials (TBRs) and passenger car (PC) tyres.

“The company raised India capex guidance over FY19-FY21E to Rs 55 billion and consolidated capex guidance to Rs 65 billion. Increasing capex intensity along with rising raw material prices is a worry despite strong growth expectations, while a likely improvement in Europe profitability due to the Hungary plant ramp-up provides comfort,” analysts at Equirus Securities said in result update.

COMPANY LATEST 52 WK LOW PREV LOW PREV DATE
APOLLO TYRES 228.05 225.90 228.30 09-Nov-17
B P C L 325.90 325.60 337.00 11-Sep-18
BALMER LAWRIE 202.20 200.95 202.85 23-May-18
BEML LTD 736.00 731.20 737.45 23-Jul-18
BHARAT ELECTRON 85.75 85.30 87.65 11-Sep-18
BHARTI INFRA. 264.60 264.60 266.00 06-Sep-18
CAN FIN HOMES 301.45 301.45 305.50 05-Sep-18
CASTROL INDIA 151.10 150.00 150.00 11-Sep-18
CENTRUM CAPITAL 47.65 47.50 48.00 11-Sep-18
COCHIN SHIPYARD 413.65 413.00 416.00 07-Sep-18
D B CORP 219.90 219.50 222.95 11-Sep-18
GIC HOUSING FIN 301.40 299.00 305.00 11-Sep-18
GREENPLY INDS. 187.25 187.25 191.00 11-Sep-18
GUJARAT GAS 673.60 660.55 693.50 11-Sep-18
H P C L 235.15 233.50 243.30 11-Sep-18
I O C L 145.70 145.70 150.15 28-Jun-18
IL&FS TRANSPORT 24.50 24.50 25.30 10-Sep-18
INDBULL.REALEST. 136.15 135.10 139.25 20-Jul-18
INTERGLOBE AVIAT 873.60 865.35 868.55 05-Sep-18
JET AIRWAYS 259.00 258.55 261.60 10-Aug-18
JOHNSON CON. HIT 1750.00 1725.20 1759.70 11-Sep-18
JP ASSOCIATES 9.44 9.32 10.05 11-Sep-18
M R P L 72.40 72.00 73.10 05-Sep-18
MAHINDRA HOLIDAY 245.10 243.10 244.00 07-Sep-18
MANAPPURAM FIN. 84.40 83.65 87.50 11-Sep-18
NAVKAR CORPORAT. 104.30 104.10 104.90 11-Sep-18
OIL INDIA 200.40 199.90 200.00 28-Jun-18
PRESTIGE ESTATES 218.65 216.20 219.00 11-Sep-18
S C I 50.55 49.70 51.90 11-Sep-18
SHANKARA BUILD. 1180.00 1155.55 1211.00 11-Sep-18
SOMANY CERAMICS 422.00 414.15 424.00 23-Jul-18
SOUTH IND.BANK 15.80 15.70 16.00 11-Sep-18
SUN TV NETWORK 663.15 655.70 657.25 11-Sep-18
SYMPHONY 1002.00 995.00 1000.00 11-Sep-18
SYNDICATE BANK 36.00 35.90 36.50 11-Sep-18
VARDHMAN TEXTILE 1029.90 1009.00 1040.75 10-Sep-18
VODAFONE IDEA 45.25 45.00 45.65 07-Sep-18

First Published: Wed, September 12 2018. 12:29 IST
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