HCC, Siemens, Mahanagar Gas, Suzlon Energy, Idea Cellular hit 52-week lows

Hindustan Construction Company (HCC), Mahanagar Gas, Suzlon Energy, Idea Cellular, Vakrangee and PC Jeweller among 21 stocks from the S&P BSE500 index hitting 52-week lows on the BSE.
Bharat Electronics, Chennai Petroleum Corporation Limited (CPCL), DCM Shriram, Allcargo Logistics, Siemens, Sintex Industries, Uco Bank and Syndicate Bank were among 22 stocks from the index too hit 52-week lows today.

HCC has plunged 24% to Rs 17.75 on the BSE in intra-day trade on back of heavy volumes after the media report suggested that the Lavasa auditor raises concerns regarding its debt situation.

The MARKET said the Exchange has sought clarification from Hindustan Construction Company Ltd on May 03, 2018 with reference to news appeared in CNBC TV18 dated May 03, 2018 quoting "Lavasa networth worries: Auditor says significant doubts about ability of co to continue as going concern." The reply is awaited.

At 10:56 am; the stock was trading 17% lower at Rs 19.30 on back of an over six-fold jump in trading volumes. A combined 31.94 million shares changed hands on the counter on the BSE and NSE so far.