Watch Our Live Call Update: Market Now: Over 30 stocks hit fresh

Friday 20 April 2018

Market Now: Over 30 stocks hit fresh


Market Now: Over 30 stocks hit fresh 

Over 30 stocks including Amtek Auto, Apollo Micro Systems, Bharat Electronics and Bhushan SteelNSE -6.14 % hit fresh 52-week lows on NSE during Friday's lacklustre trade. 

Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Indian Oil CorporationNSE 0.73 %, Siemens, Supreme Infrastructure India and Uttam Value Steels were also among the stocks that hit fresh 52-week lows on NSE. 

Weakness in bank stocks post RBI's hawkish policy stance and simmering oil prices dented.

Tata Consultancy Services (TCS) hit its 52-week high of Rs 3,304 on Friday at the NSE, after the company announced an impressive numbers for the March 2018 quarter (Q4FY18). The Mumbai-headquartered company posted double-digit revenue growth in dollar terms in Q4 for the first time in the last 12 quarters.

Thus far in calendar year 2018 (CY18), TCS has outperformed the markets with a gain of over 18 per cent. In comparison, the Nifty IT and the Nifty 50 indices have moved up 13 per cent and 0.3 per cent respectively, ACE Equity data shows.

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