 "TCS, BHEL, Adani Ports, Bank of India hit 52-week low")
Tata Consultancy Services (TCS), Bharat Heavy Electricals Limited (BHEL), Adani Ports & Special Economic Zone (SEZ) and Rallis India have touched their respective 52-week lows on the Bombay Stock Exchange (BSE) after the Sensex slipped 243 points in early morning trade.
At 09:54 AM, the TCS was down 1% at Rs 2,328 after hitting a 52-week low of Rs 2,322 on the BSE. Shares of India's largest information technology services company by falling 8% in past one month as compared to 3% decline in the benchmark index.
Earlier this year, Infosys had warned investors of weaker margins in the ongoing third quarter of the current financial year. This will mainly be due to lower spending by the company’s top clients on account of the festive season.
“Infosys expects the revenue momentum of 1HFY16 to continue in 2HFY16 and further into FY17, barring the seasonal weakness in Q3 (driven by furloughs and one time revenue in 2QFY16),” the broking firm Prabhudas Lilladher said in a report dated November 17, 2015.
Shares of Infosys were down 1% at Rs 1,045 on the BSE. It touched a 52-week low of Rs 933 on July 10, during intra-day trade.
BHEL was down 1% at Rs 166, its lowest level since March 2014 on the BSE. In past four months, the stock has fallen 41% from Rs 283 on August 8. For the first half April-September of FY16, the power equipment maker had reported net loss of Rs 171 crore against profit of Rs 318 crore in the same period last fiscal.
Rallis India, Tribhovandas Bhimji Zaveri (TBZ), IDFC and JM Financials are among others hit 52-week low on the BSE.
At 09:54 AM, the TCS was down 1% at Rs 2,328 after hitting a 52-week low of Rs 2,322 on the BSE. Shares of India's largest information technology services company by falling 8% in past one month as compared to 3% decline in the benchmark index.
Earlier this year, Infosys had warned investors of weaker margins in the ongoing third quarter of the current financial year. This will mainly be due to lower spending by the company’s top clients on account of the festive season.
“Infosys expects the revenue momentum of 1HFY16 to continue in 2HFY16 and further into FY17, barring the seasonal weakness in Q3 (driven by furloughs and one time revenue in 2QFY16),” the broking firm Prabhudas Lilladher said in a report dated November 17, 2015.
Shares of Infosys were down 1% at Rs 1,045 on the BSE. It touched a 52-week low of Rs 933 on July 10, during intra-day trade.
BHEL was down 1% at Rs 166, its lowest level since March 2014 on the BSE. In past four months, the stock has fallen 41% from Rs 283 on August 8. For the first half April-September of FY16, the power equipment maker had reported net loss of Rs 171 crore against profit of Rs 318 crore in the same period last fiscal.
Rallis India, Tribhovandas Bhimji Zaveri (TBZ), IDFC and JM Financials are among others hit 52-week low on the BSE.