Apollo Tyres, Jet Airways among 37 stocks in BSE500 index to hit 52-wk lows

GIC Housing, Sun TV Network, Vodafone Idea, BEML, Bharat Electronics, and Bharti Infratel were among 37 stocks from the S&P BSE 500 index hit 52-week lows.

Shares of Apollo Tyres, GIC Housing Finance, Sun TV Network, Vodafone Idea, BEML, Bharat Electronics, IL&FS Transportation Networks (ITNL) and Bharti Infratel were among 37 stocks from the S&P BSE 500 index hitting their respective 52-week lows on the BSE on Wednesday.

Shares of all three listed state-owned oil marketing companies (OMCs) – Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation – along with aviation companies Jet Airways and InterGlobe Aviation (IndiGo) have hit 52-week lows due to rising crude oil prices.

Indiabulls Real Estate, Navkar Corporation, Prestige Estates and Shankara Building Products from the real estate and related sector too hit 52-week lows today.

Of these 37 stocks, ITNL, BEML, Jaiprakash Associates, Jet Airways, Bharat Electronics, and HPCL have seen their market price tanked more than 50% in past one year.

ITNL has slipped 5% to Rs 24.90, extending its 13% decline in the past two days on the BSE. Rating agency ICRA Sunday downgraded loan and debentures of infrastructure financing firm IL&FS to 'default risk' citing liquidity pressure on the group on the back of sizeable repayment obligations. The rating of IL&FS, which has reportedly defaulted on payment, is kept underrating watch with developing implications. IL&FS is the promoter of ITNL.

Apollo Tyres hit an intra-day low of Rs 226, falling 23% since August, after the company announced June 2018 quarter results. The company also proposed an investment plan of about Rs 38 billion towards a greenfield plant in Andhra Pradesh to make truck and bus radials (TBRs) and passenger car (PC) tyres.

“The company raised India capex guidance over FY19-FY21E to Rs 55 billion and consolidated capex guidance to Rs 65 billion. Increasing capex intensity along with rising raw material prices is a worry despite strong growth expectations, while a likely improvement in Europe profitability due to the Hungary plant ramp-up provides comfort,” analysts at Equirus Securities said in result update.

COMPANY	LATEST	52 WK LOW	PREV LOW	PREV DATE
APOLLO TYRES	228.05	225.90	228.30	09-Nov-17
B P C L	325.90	325.60	337.00	11-Sep-18
BALMER LAWRIE	202.20	200.95	202.85	23-May-18
BEML LTD	736.00	731.20	737.45	23-Jul-18
BHARAT ELECTRON	85.75	85.30	87.65	11-Sep-18
BHARTI INFRA.	264.60	264.60	266.00	06-Sep-18
CAN FIN HOMES	301.45	301.45	305.50	05-Sep-18
CASTROL INDIA	151.10	150.00	150.00	11-Sep-18
CENTRUM CAPITAL	47.65	47.50	48.00	11-Sep-18
COCHIN SHIPYARD	413.65	413.00	416.00	07-Sep-18
D B CORP	219.90	219.50	222.95	11-Sep-18
GIC HOUSING FIN	301.40	299.00	305.00	11-Sep-18
GREENPLY INDS.	187.25	187.25	191.00	11-Sep-18
GUJARAT GAS	673.60	660.55	693.50	11-Sep-18
H P C L	235.15	233.50	243.30	11-Sep-18
I O C L	145.70	145.70	150.15	28-Jun-18
IL&FS TRANSPORT	24.50	24.50	25.30	10-Sep-18
INDBULL.REALEST.	136.15	135.10	139.25	20-Jul-18
INTERGLOBE AVIAT	873.60	865.35	868.55	05-Sep-18
JET AIRWAYS	259.00	258.55	261.60	10-Aug-18
JOHNSON CON. HIT	1750.00	1725.20	1759.70	11-Sep-18
JP ASSOCIATES	9.44	9.32	10.05	11-Sep-18
M R P L	72.40	72.00	73.10	05-Sep-18
MAHINDRA HOLIDAY	245.10	243.10	244.00	07-Sep-18
MANAPPURAM FIN.	84.40	83.65	87.50	11-Sep-18
NAVKAR CORPORAT.	104.30	104.10	104.90	11-Sep-18
OIL INDIA	200.40	199.90	200.00	28-Jun-18
PRESTIGE ESTATES	218.65	216.20	219.00	11-Sep-18
S C I	50.55	49.70	51.90	11-Sep-18
SHANKARA BUILD.	1180.00	1155.55	1211.00	11-Sep-18
SOMANY CERAMICS	422.00	414.15	424.00	23-Jul-18
SOUTH IND.BANK	15.80	15.70	16.00	11-Sep-18
SUN TV NETWORK	663.15	655.70	657.25	11-Sep-18
SYMPHONY	1002.00	995.00	1000.00	11-Sep-18
SYNDICATE BANK	36.00	35.90	36.50	11-Sep-18
VARDHMAN TEXTILE	1029.90	1009.00	1040.75	10-Sep-18
VODAFONE IDEA	45.25	45.00	45.65	07-Sep-18