Suzlon Energy, SBI, Bank of Baroda, ICICI Bank, Idea Cellular hit fresh 52-week low
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State Bank of India (SBI) ICICI Bank, Idea Cellular, Suzlon Energy, Unitech, Bharat Heavy Electricals Limited (BHEL), Crompton Greaves and United Spirits are among 44 stocks from the BSE500 index hitting their respective 52-week lows till 10:46 AM on the BSE.
The S&P BSE Sensex was down 252 points or 1% at 24,287. The index hit an intra-day low of 24,247 so far.
Suzlon Energy has tanked 32% in past three trading sessions from Rs 20.30 to Rs 13.75 after the company posted a net loss of Rs 113 crore for the December quarter. Revenue fell 62% year-on-year to Rs 1,891 crore.
Including SBI, Bank of Baroda, Allahabad Bank, Central Bank of India, Dena Bank, Indian Overseas Bank, Indian Bank, Oriental Bank of Commerce, Syndicate Bank and UCO Bank are from the public sector banks touch 52-week lows today.
Syndicate Bank has dipped 6% to Rs 59, extending its 15% fall in past four trading sessions after the bank reported net loss of Rs 120 crore for quarter ended December 2015 against profit of Rs 305 crore in the same period of last financial year.
Bombay Dyeing, Aban Offshore, Colgate-Palmolive (India), Just Dial, Steel Authority of India (SAIL) and Thermax are other notable stocks from BSE500 index hit 52-week lows.
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