LIC Housing, Corporation Bank among 29 stocks that hit 52-week low

LIC Housing Finance, Cummins India, DCM Shriram Industries, Indo Count Industries, Vivimed Labs and Wim Plast were among 29 stocks from the S&P BSE500 and S&P BSE Smallcap index hitting their respective 52-week lows after the these indices falls more than 1% on Friday.

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.

At 10:06 AM; the S&P BSE Smallcap index dipped 2.4%, while the S&P BSE 500 index down 1.3% against 0.96% decline in the S&P BSE Sensex.

The budget introduced 10% Long Term Capital Gains (LTCG) for gains greater than Rs 1 lakh (without allowing for indexation) in equities. This will be effective for gains registered after January 31 2018, and for investments greater than one year. In addition, a tax of 10% will be levied on distributed income from equity mutual fund schemes.

LTCG is expected to dampen investor sentiment. This may impact portfolio allocations, discourage longer term investments and result in reduced capital inflows into the share market, the rating agency CARE Ratings said in analysis of Union Budget 2018-19.

COMPANY	LATEST	52 WK LOW	PREV LOW	PREV DATE
ALLAHABAD BANK	63.45	62.80	63.25	11-Aug-17
BALRAMPUR CHINI	117.20	116.10	116.25	01-Feb-18
BANK OF MAHA	19.30	19.25	19.40	30-Jan-18
BOMBAY RAYON	65.00	65.00	68.40	01-Feb-18
CL EDUCATE	263.00	260.80	265.20	31-Jan-18
CORPORATION BANK	38.00	37.80	38.05	24-Oct-17
COSMO FILMS	344.20	343.65	345.00	18-Dec-17
CUMMINS INDIA	831.70	821.80	826.35	01-Feb-17
DCM SHRIRAM INDS	254.00	243.00	245.00	01-Feb-18
DYNAMATIC TECH.	1800.00	1782.25	1800.05	01-Feb-18
GUJ.NRE-DVR	1.17	1.17	1.18	12-Jan-18
INDO COUNT INDS.	100.00	93.00	95.00	27-Sep-17
LAKSHMI ENERGY	26.50	26.50	26.70	31-Jan-18
LIC HOUSING FIN.	521.00	521.00	528.00	01-Feb-18
MULTI COMM. EXC.	761.45	747.00	769.00	30-Jan-18
NEULAND LABS.	782.00	779.15	800.00	24-Jan-18
NORTH EASTN.CAR.	28.25	28.25	28.30	01-Feb-18
PNB GILTS	41.25	38.85	42.55	31-Jan-18
PTC INDIA FIN	34.20	34.10	34.35	18-Dec-17
PUN. & SIND BANK	43.25	43.15	44.20	01-Feb-18
SAI BABA INVT.	13.63	13.63	13.63	01-Feb-18
SANGAM INDIA	167.40	166.05	171.00	01-Feb-18
SATHAVAHA. ISPAT	24.20	24.20	25.25	01-Feb-18
SEQUENT SCIEN.	77.00	76.50	81.85	01-Feb-18
SITI NETWORKS	21.90	21.70	22.10	01-Feb-18
STRIDES SHASUN	747.10	736.00	736.00	01-Feb-18
UNITED BANK (I)	16.25	16.10	16.40	01-Feb-18
VIVIMED LABS.	82.10	82.10	83.90	31-Jan-18
WIM PLAST	1261.00	1260.00	1260.00	28-Sep-17