Around 205 stocks hit 52-week low amid market slump
MUMBAI, AUG 24:
Hit by massive sell-off in the stock market, as many as 205 stocks touched their one-year low on the BSE today, with the benchmark Sensex plummeting over 1,700 points.
Stocks that hit their 52-week low include Aban Offshore, ABG Shipyard, Adani Power, Gail, ICICI Bank, NTPC, ONGC, Tata Motors, Tata Steel, and VST Industries.
Similarly, other stocks that touched their one-year low were Financial Technologies, HCC, MOIL, Mysore Bank, NHPC, NDMC, Orbit Corporation, PFC, RCom, SAIL, Sobha Developers, Simplex Projects, UCO Bank, Vijaya Bank and Zuari Agro Chemicals, among others.
Meanwhile, Amtek Auto shares were amongst the biggest losers in today’s market slump. The stock continued to witness intense selling pressure and fell over 17 per cent.
Besides, Jet Airways tumbled 12.83 per cent, SKS Microfinance (11.42 per cent), Bank of India (11.71 per cent) and Rajesh Exports (10.76 per cent).
The Sensex today crashed over 1,700 points — the biggest in over seven years and third-largest in the benchmark’s history.
The overall investors’ wealth, measured in terms of total valuation of all listed stocks, also plunged nearly by Rs. 3.5 lakh crore as it crashed below Rs. 100-lakh crore mark and stood at Rs. 97,64,237 crore in afternoon trade.
However, around 50 stocks defied the broader market trend and touched 52-week high level.