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Monday, June 23, 2008

'A' group stocks falling prey to Inflation, hit 52-wk low

Markets continue to trade in deep red as all sectoral indices are trading negative. Markets started drifting down after inflation data was announced for the week ended June 7 at 11.05%, which is at 13-year high. It was more than experts’ expectations, they were forecasting around 9.5-10%. The highest inflation numbers were 11.11%, which was in May 1995.

 

The broader indices Sensex and Nifty have made new 2008 lows. The BSE realty index has underperformed the other sectoral indices; it was down over 4%. Heavy selling pressure is also seen in metal, oil & gas, bank, FMCG, auto, power and capital goods.

 

In this free fall lots of ‘A’ group stocks like Andhra Bank, Bajaj Holdings, BEML, BPCL, Dish TV India, DLF, GMR Infra, Parsvnath, Reliance Power, Siemens,Sobha Developer and UltraTechCement have touched their 52-week low.

 

Reliance Industries has hit 2008 low and trading at 6 month low at Rs 2101.

 

 

List of 'A' Group stocks that have touched their 52-week low during the day.

 

 

Company Name

Group

Today’s High

Today’s Low

Last Price

 Andhra Bank

A

67.85

64.30

64.30

 Ansal Propertie

A

100.30

92.20

93.50

 Bajaj Holdings

A

499.95

479.00

483.00

 BEML

A

955.00

915.10

919.95

 BPCL

A

274.80

256.10

262.00

 Dish TV India

A

41.00

37.85

38.10

 DLF

A

484.00

456.00

456.50

 GMR Infra

A

109.10

101.00

102.30

 Parsvnath

A

164.65

151.70

153.00

 Phoenix Mills

A

249.00

230.00

231.00

 Reliance Power

A

183.50

174.10

175.10

 Siemens

A

482.80

451.00

453.00

 Sobha Developer

A

397.00

361.95

362.50

 UltraTechCement

A

636.00

594.00

599.75

 

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