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

Biocon, Cadila Healthcare, SPARC and Wockhardt from the pharma and Amara Raja Batteries, Bharat Forge, Motherson Sumi, and TVS Srichakra Tyres auto-related sectors hit 52-week lows on Monday

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.

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.

COMPANY	LATEST	52 WK LOW	PREV LOW	PREV DATE
AMARA RAJA BATT.	622.65	622.05	625.00	09-May-19
ASAHI INDIA GLAS	220.00	217.20	222.00	10-May-19
ASTER DM HEALTH.	136.05	134.70	140.00	10-May-19
BHARAT FORGE	451.95	449.00	452.00	19-Feb-19
BIOCON	525.75	521.05	523.00	09-May-19
BOMBAY BURMAH	1154.05	1152.55	1153.30	08-Oct-18
CADILA HEALTH.	270.00	265.95	280.10	09-May-19
CEAT	981.00	980.00	983.80	26-Oct-18
DELTA CORP	183.65	182.00	198.10	20-Jul-18
ECLERX SERVICES	938.25	938.25	958.00	13-Feb-19
EICHER MOTORS	18718.50	18600.00	18780.00	30-Jan-19
EVEREADY INDS.	82.65	82.65	84.25	10-May-19
GRAPHITE INDIA	343.80	343.00	362.00	10-May-19
HIND.COPPER	42.20	42.00	42.85	10-May-19
I T D C	238.60	238.60	241.50	11-Feb-19
IDBI BANK	34.30	34.30	36.60	09-May-19
IFCI	9.10	9.00	9.20	08-May-19
INDIABULLS VENT.	246.50	240.20	255.95	09-May-19
IRB INFRA.DEVL.	106.50	106.15	109.55	18-Feb-19
JAIN IRRIGATION	47.85	46.85	48.30	09-May-19
JP ASSOCIATES	4.53	4.20	4.72	06-Feb-19
JYOTHY LAB.	153.40	148.65	155.50	10-May-19
M & M	618.50	613.60	615.75	18-Feb-19
MOTHERSON SUMI	122.25	121.60	127.15	10-May-19
NAVA BHARAT VENT	91.05	89.35	89.50	09-May-19
NAVKAR CORPORAT.	28.85	28.45	29.10	10-May-19
NETWRK.18 MEDIA	29.05	28.90	29.35	10-May-19
NHPC LTD	22.20	22.05	22.20	09-Oct-18
NILKAMAL LTD	1200.00	1190.00	1229.65	28-Jan-19
PHILLIPS CARBON	134.05	133.85	135.55	14-Feb-19
RALLIS INDIA	142.00	140.00	142.70	09-May-19
RELIANCE CAPITAL	106.80	105.85	107.00	07-Feb-19
S C I	31.95	31.75	32.15	09-May-19
SPARC	146.00	130.60	140.95	06-Feb-19
STERLITE TECH.	178.55	177.55	180.05	06-May-19
SUN PHARMA.INDS.	412.15	350.40	375.40	18-Jan-19
T N NEWSPRINT	181.00	179.35	180.90	08-May-19
THYROCARE TECH.	455.00	454.00	455.45	10-May-19
TV18 BROADCAST	28.00	27.50	28.70	09-May-19
TVS SRICHAKRA	2054.10	2022.00	2071.10	08-May-19
VENKY'S (INDIA)	1708.00	1683.00	1788.00	19-Jul-18
WOCKHARDT	357.05	349.15	375.00	14-Feb-19