NTPC, SAIL shares hit 52-week low

NTPC was down 1% at Rs 147, falling 8% thus far in November, while SAIL trading 1.5% lower at Rs 61.35, extending its Tuesday's 3% decline on the BSE.

Shares of two public sector companies NTPC and Steel Authority of India (SAIL) have hit their respective 52-week lows on the BSE on Wednesday.

NTPC was down 1% at Rs 147, falling 8% thus far in November, after India's largest electricity generator, reported a marginal decline in its September quarter (Q2FY19) net profit at Rs 24.26 billion. It had posted a net profit of Rs 24.39 billion in the year-ago quarter. Turnover rose 12.65% to Rs 225 billion on the back of a rise in electricity generation, while total expenses rose 17.5% to Rs 199 billion during the quarter.