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Eicher Motors, M&M, Sun Pharma hit 52-week low

SI Reporter/Mumbai 13 May 19 | 03:48 PM

Shares of three companies - Eicher Motors, Mahindra & Mahindra (M&M), and Sun Pharmaceutical Industries – from the Nifty 50 index hit their respective 52-week lows after heavy selling in equity market by foreign investors.

Biocon, Cadila Healthcare, Sun Pharma Advanced Research and Wockhardt from the pharmaceutical sector and Amara Raja Batteries, Bharat Forge, Motherson Sumi Systems and TVS Srichakra Tyres from auto-related sectors hit their 52-week lows today.

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Beside these, Delta Corp, Eveready Industries, Graphite India, Hindustan Copper, IRB Infrastructure Developers, Jyothy Laboratories, Rallis India and Reliance Capital were among the 42 stocks from the S&P BSE 500 index that hit 52-week lows.

Among the sectoral indices, Nifty Auto index hit its 52-week low of 7,911, down 2 per cent, on the National Stock Exchange (NSE) as passenger vehicle sales drop 17 per cent in April, most in seven and half years. The weak sentiment, high insurance costs and a liquidity crunch dented car sales.

According to stock exchange provisional data, thus far in the month of May, foreign portfolio investors (FPIs) have sold net amount of Rs 4,000 crore from equities till Friday.

Among the individual stocks, Delta Corp was the top loser from the BSE500 index and tanked 15 per cent to Rs 182, extending its previous day’s 7 per cent decline.

According to a CNBC-TV18 report on Friday, Delta Corp was one of the two companies that evaded GST by camouflaging a mixed supply of services. The companies paid GST by artificially splitting values of services. GST was paid on net revenue of casino instead of Face Value of bet.

However, Delta Corp CFO said the company was in compliance with GST laws and did not evade any GST, the report said.

Reliance Capital (RCap) slipped 10 per cent to Rs 106 on the BSE. The stock of Anil Ambani-promoted finance company has been under pressure, falling 42 per cent in the past one month, against a 4 per cent decline in the benchmark S&P BSE index.

The fall comes after a slew of rating downgrades by various rating agencies. Brickwork Ratings (Brickwork) on May 4, 2019 revised the ratings of various existing debt instruments of RCap and continued with the 'credit watch' rating with negative implications.

COMPANYLATEST52 WK LOWPREV LOWPREV DATEAMARA RAJA BATT.622.65622.05625.0009-May-19ASAHI INDIA GLAS220.00217.20222.0010-May-19ASTER DM HEALTH.136.05134.70140.0010-May-19BHARAT FORGE451.95449.00452.0019-Feb-19BIOCON525.75521.05523.0009-May-19BOMBAY BURMAH1154.051152.551153.3008-Oct-18CADILA HEALTH.270.00265.95280.1009-May-19CEAT981.00980.00983.8026-Oct-18DELTA CORP183.65182.00198.1020-Jul-18ECLERX SERVICES938.25938.25958.0013-Feb-19EICHER MOTORS18718.5018600.0018780.0030-Jan-19EVEREADY INDS.82.6582.6584.2510-May-19GRAPHITE INDIA343.80343.00362.0010-May-19HIND.COPPER42.2042.0042.8510-May-19I T D C238.60238.60241.5011-Feb-19IDBI BANK34.3034.3036.6009-May-19IFCI9.109.009.2008-May-19INDIABULLS VENT.246.50240.20255.9509-May-19IRB INFRA.DEVL.106.50106.15109.5518-Feb-19JAIN IRRIGATION47.8546.8548.3009-May-19JP ASSOCIATES4.534.204.7206-Feb-19JYOTHY LAB.153.40148.65155.5010-May-19M & M618.50613.60615.7518-Feb-19MOTHERSON SUMI122.25121.60127.1510-May-19NAVA BHARAT VENT91.0589.3589.5009-May-19NAVKAR CORPORAT.28.8528.4529.1010-May-19NETWRK.18 MEDIA29.0528.9029.3510-May-19NHPC LTD22.2022.0522.2009-Oct-18NILKAMAL LTD1200.001190.001229.6528-Jan-19PHILLIPS CARBON134.05133.85135.5514-Feb-19RALLIS INDIA142.00140.00142.7009-May-19RELIANCE CAPITAL106.80105.85107.0007-Feb-19S C I31.9531.7532.1509-May-19SPARC146.00130.60140.9506-Feb-19STERLITE TECH.178.55177.55180.0506-May-19SUN PHARMA.INDS.412.15350.40375.4018-Jan-19T N NEWSPRINT181.00179.35180.9008-May-19THYROCARE TECH.455.00454.00455.4510-May-19TV18 BROADCAST28.0027.5028.7009-May-19TVS SRICHAKRA2054.102022.002071.1008-May-19VENKY'S (INDIA)1708.001683.001788.0019-Jul-18WOCKHARDT357.05349.15375.0014-Feb-19

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Company Price Gain (%)
Coal India221.950.68
O N G C144.100.42
Power Grid Corpn205.900.27


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