On Tuesday’s early trade, the Indian stock market sharply fell mainly due to the disappointing early trends in the Lok Sabha Election results. The Nifty 50 index lost around 1850 points and touched an intraday low of 21,300.65, whereas the BSE Sensex lost over 4650 points and touched an intraday low of 70,285. Early morning deals were impacted by this downturn.
Bharat Heavy Electricals Ltd
Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing public sector company. Which is engaged in the business of production of integrated power plant equipment and weapons. The company serves domestic as well as international clients.
The Bharat Heavy Electricals Ltd stock has a lower circuit limit of 20%. However, on Tuesday afternoon, the stock broke this limit and was trading at 261.80, down 15.91% on the exchange.
Ambuja Cements Ltd
Ambuja Cements Ltd. is among the leading cement companies in India. It is a member of the Adani Group. Currently, Ambuja Cement has a cement capacity of 31 million tonnes with six integrated cement manufacturing plants and eight cement grinding units across the country.
The Ambuja Cements Ltd stock has a lower circuit limit of 20%. However, on Tuesday afternoon, the stock broke this limit and was trading at 582.30, down 13.17% on the exchange.
Power Finance Corporation Ltd
Power Finance Corporation (PFC) is a Maharatna category. The PFC is a financial organization that specializes in power sector finance, offering financial support to power projects in India such as power generation, transmission, and distribution.
The Power Finance Corporation Ltd stock has a lower circuit limit of 20%. However, on Tuesday, the stock surpassed this limit and was trading at 448.40, reflecting a 19.19% decrease on the exchange.
REC Ltd
REC Limited provides and supports rural electrification projects for state power utilities, private sector project developers, central power sector utilities, and state governments.
The REC Ltd stock has a lower circuit limit of 20%. However, on Tuesday, the stock surpassed this limit and was trading at 489, reflecting a 19.49% decrease on the exchange.
State Bank of India
State Bank of India (SBI),is the largest bank in India, and offers a comprehensive array of retail and corporate banking services, as well as insurance, mutual funds, and other financial products, accessible through its extensive branch network and digital platforms.
The State Bank of India stock has a lower circuit limit of 20%. However, on Tuesday, the stock surpassed this limit and was trading at 790.30, reflecting a 12.75% decrease on the exchange.
Written by Omkar Chitnis
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