The stock hit a 52-week low of Rs 12.80, down 6%, extending its 12% decline in past three trading sessions.
Given the backdrop, analysts say investors should not add these stocks to their portfolio as the business model remains weak
Analysts attribute this to the buoyant secondary market that has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 - rally nearly 25% thus far in CY17
The stock hit new high of Rs 24,678, up 8% on the BSE in early morning deal, gaining 20% or Rs 4,098 in past six trading sessions.
The stock locked in lower circuit of 5% at Rs 380 on the National Stock Exchange.
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
The Dow Jones Industrial Average fell 136.4 points
RCom itself sheds 12% following default; its share price is down 41% this month and 70% since start of year
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
Analysts look at delay in proposed diagnostic demerger move
Easing accretion of bad loans, stabilising NPA ratios are positives
Promoters bought 0.23% just before Vodafone merger announcement, allegedly in violation of securities laws
Sell shares of SBI, PNB and BoB worth Rs 1,600 crore in October amid rally following recap announcement
Companies have been under pressure after weak Q2 results and regulatory headwinds
The loss for the Sensex read 372.69 points over the previous two sessions
On the other hand, foreign portfolio investors (FPIs) have invested Rs 48,190 crore in the equity segment so far in CY17, NSDL data show
Jhunjhunwala is often dubbed by Indian media as the country's Warren Buffett
The scrip was the worst hit among the 30 Sensex blue chips
All the happened in the market here
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