Six Sensex stocks hit 52-week lows, slipping up to 12% in a month.
Context
What happened: On Thursday the benchmark Sensex fell 1,045 points to close at 71,593, and seven BSE Sensex stocks touched fresh 52-week lows.
Key numbers: Sensex closed at 71,593, down 1,045 points. Mahindra & Mahindra new 52-week low Rs 2743.15, CMP Rs 2770, down about 12% in a month. Maruti Suzuki India new low Rs 11220.1, CMP Rs 11222.2, down about 12%. Bharat Electronics new low Rs 366.2, CMP Rs 367.1, down about 10%.
Why it matters: A 52-week low marks the lowest price a stock has traded at over the past year and is commonly used as an indicator of recent price performance.
What changed
On Thursday the benchmark Sensex fell 1,045 points to close at 71,593, and seven BSE Sensex stocks touched fresh 52-week lows.