Bharat Electronics among four Sensex stocks hitting 52-week lows, falling up to 9% monthly.
Context
What happened: Four Sensex stocks touched fresh 52-week lows as the benchmark Sensex fell 125 points to close at 73,123 on Friday. The stocks were Bharat Electronics, NTPC, Power Grid Corporation Of India and Hindustan Unilever.
Key numbers: Sensex closed at 73,123, down 125 points. Bharat Electronics 52-week low Rs 354.7, CMP Rs 360.1, down about 9% in a month. NTPC low Rs 292.2, CMP Rs 298, down about 9%.
Why it matters: A 52-week low marks the lowest price at which a stock has traded over the preceding 12 months and serves as an indicator of its recent price performance.
What changed
Four Sensex stocks touched fresh 52-week lows as the benchmark Sensex fell 125 points to close at 73,123 on Friday. The stocks were Bharat Electronics, NTPC, Power Grid Corporation Of India and Hindustan Unilever.