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Bosch, Amara Raja, Reliance Infra, Shriram City Union hit 52-week low

Godrej Consumer Products, Cadila Healthcare, IDBI Bank, Jubilant Life Sciences, Eveready Industries and Vodafone Idea were among 26 stocks on BSE500 index that hit 52-week lows today

SI Reporter  |  Mumbai 

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

Companies across spectrum including Bosch, Reliance Infrastructure, Amara Raja Batteries, and were hard hit by the global sell-off as these scrips, along with Cadila Healthcare, IDBI Bank, and were among the S&P BSE 100 index counters hitting their respective 52-week lows on the BSE on Wednesday.

Besides these, Jyothy Laboratories, Apollo Tyres, Rallis India, Shipping Corporation of India, Network18 Media, Eveready Industries, Asahi India Glass, TV18 Broadcast, TV Today Network and TVS Srichakra Tyres were among 26 stocks from the S&P BSE 500 index touching 52-week lows on Wednesday.

At 02:59 pm, the benchmark S&P BSE Sensex was trading 1 per cent lower at 37,859 points, and has slipped 3 per cent in the past three trading days. The fall has been triggered on an escalation in trade war between the United States (US) and China.

Since Friday, May 3, foreign investors have sold shares worth nearly Rs 2,000 crore till Tuesday, in anticipation of weak global cues and uncertainty before the 2019 Lok Sabha election outcome, due on May 23.

Eveready, among key losers

Among individual stocks, Eveready Industries touched its lower circuit of 10 per cent at Rs 90.65 and hit the lowest level since September 26, 2014 on the BSE. In past six trading days, the stock has tanked 38 per cent from level of Rs 146 on April 26, after rating agency India Ratings and Research (Ind-Ra) downgraded the company's long-term credit rating with negative outlook.

“The downgrade reflects the company's continued high net leverage and weakened liquidity amid continuous financial support extended to group companies and delayed asset monetisation. The negative rating watch reflects delays in deleveraging which could further impact the company’s credit metrics and liquidity,” Ind-Ra said on April 25, in a statement.

Shares of hit a new low of Rs 13.65, slipping 12 per cent on the BSE in intra-day trade. About 20,000 million new shares of Vodafone Idea started trading at National Stock Exchange (NSE) and the BSE with effect from Wednesday.

Simialrly, touched a fresh 52-week low of Rs 285, down 5 per cent, falling 12 per cent in past five trading days. The drug firm said on Friday, May 3, 2019 that the US Food and Drug Administration (USFDA) issued 14 observations after inspecting its manufacturing facility at Moraiya in Ahmedabad, said in a regulatory filing.

The USFDA inspected the plant from April 22, 2019 to May 3, 2019. The inspection concluded with 14 observations. There were no repeat observations or data integrity related observations, the company said in a regulatory filing.

AMARA RAJA BATT. 634.00 633.85 641.50 07-May-19
APOLLO TYRES 192.45 191.10 192.10 23-Oct-18
ASAHI INDIA GLAS 225.00 225.00 230.00 07-May-19
ASTER DM HEALTH. 141.00 140.00 141.00 06-May-19
BOSCH 17244.65 17070.35 17169.70 03-Jul-18
CADILA HEALTH. 287.05 285.30 291.90 06-May-19
EVEREADY INDS. 90.65 90.65 99.50 07-May-19
GODREJ CONSUMER 638.00 627.55 627.60 03-May-19
IDBI BANK 37.10 36.60 37.05 07-May-19
IFCI 9.41 9.20 9.30 07-May-19
INDIABULLS VENT. 259.80 256.00 256.90 19-Feb-19
JUBILANT LIFE 618.45 617.15 617.45 19-Oct-18
JYOTHY LAB. 164.45 164.00 168.50 07-May-19
NAVA BHARAT VENT 94.10 94.10 94.90 14-Feb-19
NAVKAR CORPORAT. 29.70 29.60 30.55 07-May-19
NETWRK.18 MEDIA 30.95 30.90 31.00 19-Feb-19
RALLIS INDIA 145.80 143.55 145.00 06-May-19
RELIANCE INFRA. 99.45 96.75 99.10 08-Feb-19
S C I 32.60 32.55 33.10 07-May-19
SHRI.CITY UNION. 1521.35 1477.05 1480.05 23-Oct-18
T N NEWSPRINT 182.35 180.90 184.95 26-Feb-19
T.V. TODAY NETW. 283.50 276.05 288.70 07-May-19
THYROCARE TECH. 467.95 465.15 470.55 02-May-19
TV18 BROADCAST 29.95 29.10 29.90 07-May-19
TVS SRICHAKRA 2086.75 2071.10 2100.00 07-May-19
VODAFONE IDEA 14.35 13.65 14.95 04-Apr-19

First Published: Wed, May 08 2019. 15:06 IST