Over 160 stocks on the National Stock Exchange (NSE) declined to their one-year low on Wednesday, August-7. This includes the eminent stocks such as M&M, IndiaBulls-HF, VodaFone Idea, Tata Steel, Tata Motors and ITC.
Mahindra&Mahindra Ltd (M&M): The stock hit its one-year low of Rs.515 per share after the auto maker reported 22pc fall in June-quarter standalone net profit. On Market closing, stock ended at Rs516.90-per share, down by 5.92pc from its previous closing on the NSE today.
Indiabulls Housing Finance Ltd: The stock declined to hit its One-year-low of Rs 441.10 per share after the company posted tepid first-quarter earnings of the FY2020. On closing share price quoted at Rs445.15, down by 13.40% from previous closing.
Shares of Vodafone Idea slumped 9.7pc to hit its One-year-low of Rs5.10-per share Crisil down-graded its rating on NCDs of Rs.3500-Cr. The stock settled at Rs.5.30 down by 6.19% from previous closing.
Tata Steel declined 5pc to hit its one-year-low of Rs.375.75per share in view of its Q1 earnings. The stock closed at Rs378-per share, down by 5.88% from previous closing.
Tata Motors DVR fell 4.6pc to hit its one-year-low of Rs55.50-per share. The company announced a combined project with TataPower Ltd in five major cities by FY20 end.
ITC Ltd: The stock declined to hit its one-year-low of Rs.253.10-per share on the NSE. On closing. Share price concluded at Rs.253.40 down by 2.12% from previous closing.