Hindalco, Tata Steel, Ranbaxy Laboratories, Reliance Infrastructure and Cairn India were among around 430 stocks that hit 52-week low on the Bombay Stock Exchange (BSE) after the Finance Minister P. Chidambaram presented the Union Budget for the financial year 2013-14.
As many as 432 stocks have touched one-year low after the BSE benchmark index Sensex declined by 290 points today. The benchmark index has declined 455 points or 2.4% so far in current week closed three month low at 18,862.
India Inc has lost Rs 217,571 crore in market capitalisation to Rs 65,38,038 crore on Thursday from Rs 67,55,609 crore at beginning of the week.
Most of the mid- and small-cap stocks have plunged on speculation that financers sold portion of the pledged holdings after some promoters and traders could not cough up more money to make up for the short-fall in margins.
CORE Education and Technologies has tanked as much as 81% to Rs 54.85 from Rs 295 so far in current week. Aanjaneya Lifecare, Sudar Industries, Timbor Home, PG Electroplast, Rushil Décor, Onelife Capital Advisors, Gravita India and Plethico Pharma have plunged between 41% and 48%.
Titagarh Wagons, Kalindee Rail and Kernex Microsystems are few companies supplying equipment to the Railways trading at their 52-week lows and fallen in the range of 30-35% as no big tickets announcement made in the Rail Budget.
Steel Authority of India, Reliance Power, VIP Industries, Siemens, BEML, SRF, Engineers India, Sesa Goa, and Hindustan Copper are among few notable stocks touched one year on the BSE.
As many as 432 stocks have touched one-year low after the BSE benchmark index Sensex declined by 290 points today. The benchmark index has declined 455 points or 2.4% so far in current week closed three month low at 18,862.
India Inc has lost Rs 217,571 crore in market capitalisation to Rs 65,38,038 crore on Thursday from Rs 67,55,609 crore at beginning of the week.
Most of the mid- and small-cap stocks have plunged on speculation that financers sold portion of the pledged holdings after some promoters and traders could not cough up more money to make up for the short-fall in margins.
CORE Education and Technologies has tanked as much as 81% to Rs 54.85 from Rs 295 so far in current week. Aanjaneya Lifecare, Sudar Industries, Timbor Home, PG Electroplast, Rushil Décor, Onelife Capital Advisors, Gravita India and Plethico Pharma have plunged between 41% and 48%.
Titagarh Wagons, Kalindee Rail and Kernex Microsystems are few companies supplying equipment to the Railways trading at their 52-week lows and fallen in the range of 30-35% as no big tickets announcement made in the Rail Budget.
Steel Authority of India, Reliance Power, VIP Industries, Siemens, BEML, SRF, Engineers India, Sesa Goa, and Hindustan Copper are among few notable stocks touched one year on the BSE.
