With no major direct measure to revive demand growth for the sector being announced in the Union Budget for the financial year 2019-20, stocks of the auto-makers skid to new lows
Coal India, ONGC, NTPC, Sun Pharma, Tata Motors, Tata Motors DVR and Vedanta were among seven stocks from the S&P BSE Sensex hit 52-week lows today.
Rallis India, Take Solutions, BASF, V2 Retail, Asahi India Glass, CARE Ratings, Hinduja Ventures, Hotel Leela and Shankara Building were among 22 stocks from the S&P BSE Allcap index hit 52-week lows.
Shares of five public sector banks such as Allahabad Bank, Bank of Maharashtra, Corporation Bank, Punjab & Sind Bank and United Bank of India too hit 52-week lows on BSE.