You are here: Home » Markets » News
Business Standard

M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low

Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows.

SI Reporter  |  Mumbai 

stock market

Shares of three automobile companies – (M&M), and – along with and Special Economic Zone and nine stocks from the 50 index Cipla, Coal India, Grasim Industries, and Tata Steel hit their respective 52-week lows on Monday.

Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the 500 index that touched 52-week lows.

Ashok Leyland, Balkrishna Industries, Bharat Forge, Minda Industries and TVS Motor Company from the automobile and related sector, HDFC Life Insurance, ICICI Prudential Life Insurance and General Insurance Company from insurance and Aditya Birla Capital, Gruh Finance, ICICI Securities, Lakshmi Vilas Bank and TI Financial Services from the financial sector too, hit 52-week lows today.

(MSIL) hits a fresh of Rs 6,318, down 3 per cent in the intra-day trade today. The stock of automobile company slipped 10 per cent in the past two trading days after the company reported 17.2 per cent year-on-year (YoY) decline in net profit at Rs 1,489 crore in December quarter (Q3FY19). Net sales during the quarter under review remained flat at Rs 18,926 crore over the previous year quarter.

The company said the net profit during the quarter was impacted due to adverse commodity prices, foreign exchange rates, higher marketing and sales expenditure and higher costs in resources and capacities which were earlier planned to enable a higher estimated growth. The higher depreciation expense due to the introduction of new models and new engine also dented the profit growth.

Going forward, analysts at Dolat Capital do not foresee volume growth in low double digits for FY20 as of now. MSIL has taken a price hike of 0.7 per cent in January and volume outlook still remains below par. With fixed cost expected to rise as second plant in Gujarat is underway, margin outlook remains subdued. Despite all this, MSIL is the best performing OEM (original equipment manufacturers) in the PV industry and is expected to consolidate its leadership position, the brokerage firm said in result update.

Shares of metal companies were trading under pressure with most of the frontline firms like Tata Steel, Jindal Steel and Power (JSPL), Steel Authority of India (SAIL), JSW Steel, Coal India and Hindustan Zinc hitting their respective 52-week lows on concerns of weak demand.

Metal stocks have de-rated over the last few months on risk-off trade due to uncertainties of a trade war and concerns about slowing demand in China. The earnings growth for metal companies has started moderating.

Metal index hit a fresh of 2,802 today, was down 15 per cent in the past three months. In comparison, the Nifty 50 index was up 6.3 per cent during the same period.

COMPANY LATEST 52 WK LOW PREV LOW PREV DATE
ADANI PORTS 344.00 292.10 294.10 08-Oct-18
ADITYA BIRLA CAP 83.65 83.50 86.60 23-Jan-19
ADVANCE. ENZYME. 150.95 150.00 155.00 25-Jan-19
ASHOK LEYLAND 81.40 80.80 82.20 25-Jan-19
AVANTI FEEDS 329.15 328.15 333.60 30-Nov-18
BAJAJ CONSUMER 345.05 334.00 340.00 11-Dec-18
BALKRISHNA INDS 812.45 807.55 821.80 25-Jan-19
BASF INDIA 1377.45 1334.90 1360.10 25-Jan-19
BHARAT DYNAMICS 255.90 254.90 260.00 11-Dec-18
BHARAT FORGE 471.00 468.25 469.40 09-Jan-19
BIRLA CORPN. 497.00 488.25 497.05 25-Jan-19
CIPLA 493.60 490.95 496.10 24-Jan-19
COAL INDIA 219.20 218.05 220.10 25-Jan-19
DILIP BUILDCON 334.90 333.50 340.10 25-Jan-19
DISH TV 21.00 19.10 20.70 25-Jan-19
FDC 154.80 153.75 159.50 25-Jan-19
FINOLEX CABLES 411.25 410.00 416.45 24-Jan-19
G N F C 312.25 305.10 315.25 01-Oct-18
GALAXY SURFACT. 1104.75 1101.00 1102.20 25-Jan-19
GENERAL INSURANC 243.80 243.75 245.05 25-Jan-19
GRAPHITE INDIA 519.75 475.85 545.10 25-Jan-19
GRASIM INDS 736.65 734.10 756.00 26-Oct-18
GRUH FINANCE 217.50 217.30 220.25 22-Jan-19
GVK POWER INFRA. 6.65 6.60 6.60 06-Dec-18
HCL INFOSYSTEMS 19.00 18.75 19.85 24-Jan-19
HDFC LIFE INSUR. 349.20 345.00 355.00 11-Oct-18
HERO MOTOCORP 2623.95 2610.00 2648.00 25-Oct-18
HIND.AERONAUTICS 736.75 735.05 738.65 25-Jan-19
HIND.ZINC 248.20 244.00 248.10 25-Jan-19
ICICI PRU LIFE 290.70 287.25 295.25 25-Jan-19
ICICI SEC 202.00 198.10 202.00 25-Jan-19
IL&FS TRANSPORT 8.60 8.60 8.90 23-Jan-19
INDIA CEMENTS 79.35 78.30 79.95 26-Oct-18
INDO COUNT INDS. 47.00 46.15 49.00 25-Jan-19
INOX WIND 67.10 66.20 68.10 25-Jan-19
JINDAL STAIN .HI 78.90 77.10 80.15 11-Dec-18
JINDAL STAIN. 26.80 26.50 27.80 23-Jan-19
JINDAL STEEL 131.60 131.50 135.60 22-Jan-19
JSW STEEL 266.40 265.60 265.60 06-Feb-18
LAK. MACH. WORKS 5390.60 5350.00 5352.00 21-Jan-19
LAK. VILAS BANK 67.45 67.15 67.50 01-Oct-18
M & M 671.55 667.50 681.00 25-Jan-19
MANPASAND BEVER. 74.55 73.95 78.00 11-Dec-18
MARUTI SUZUKI 6464.20 6317.70 6410.00 25-Jan-19
MCLEOD RUSSEL 98.95 98.45 102.00 25-Jan-19
MINDA INDS. 280.55 274.00 291.00 25-Jan-19
NILKAMAL LTD 1260.00 1220.15 1269.30 25-Jan-19
ORIENT CEMENT 69.50 68.50 70.45 25-Jan-19
PARAG MILK FOODS 209.70 207.00 215.00 21-Sep-18
PRISM JOHNSON 75.00 73.80 74.20 08-Oct-18
RAIN INDUSTRIES 109.60 109.15 114.25 25-Jan-19
RELIANCE CAPITAL 197.60 195.10 195.25 11-Dec-18
RELIANCE HOME 35.40 35.00 36.05 26-Oct-18
RELIANCE INFRA. 261.25 252.35 264.40 25-Jan-19
S A I L 45.95 45.80 47.00 25-Jan-19
S H KELKAR & CO. 163.50 162.50 165.00 30-Oct-18
SADBHAV INFRA. 90.00 89.95 90.55 24-Jan-19
SHANKARA BUILD. 410.60 408.05 426.00 25-Jan-19
SINTEX PLASTICS 20.70 20.40 21.05 11-Dec-18
SUDARSHAN CHEM. 312.50 310.50 311.35 10-Dec-18
SUZLON ENERGY 5.00 4.80 4.95 29-Nov-18
TATA ELXSI 879.55 876.20 908.10 25-Jan-19
TATA SPONGE IRON 672.00 671.10 690.00 25-Jan-19
TATA STEEL 446.50 444.40 451.20 25-Jan-19
TI FINANCIAL 446.55 442.00 450.05 25-Jan-19
TIME TECHNOPLAST 93.80 93.70 96.80 11-Dec-18
TV18 BROADCAST 32.30 31.50 31.70 25-Jan-19
TVS MOTOR CO. 475.15 475.05 478.70 08-Oct-18
VODAFONE IDEA 29.95 28.45 32.00 11-Dec-18
WELSPUN CORP 103.40 101.35 102.75 20-Jul-18

First Published: Mon, January 28 2019. 12:02 IST
RECOMMENDED FOR YOU