The Telco stock touched a decade low of Rs 77 in the morning as the continuous loss suffered by the automobile major from its car project has eroded investor interest in the company.

Before this Telco stock had touched the same level in April 1990. But later in the day the stock recovered and finally closed at Rs 80.10 after touching a high of Rs 81.80. On Friday the stock closed at Rs 79.80.

A large number of analysts had recommended the selling of the Telco stock as the increasing losses in the company was a cause for concern.

Aditya Birla's Grasim Industries also touched its 15 month low level of Rs 175 as the stock hit the lower circuit and closed Rs 19.60 or 9.95 per cent down at Rs 177.40.

A high volatility was witnessed in Grasim stock after opening at Rs 197 in the morning. It touched a high of Rs 201.25 and closed at Rs 177.40.

Analysts felt that, despite the financial restructuring being undertaken by Grasim, the margins would come under pressure due to the slow down in the sectors like Cement, VSF, Steel. The recent hike in the petroleum price would further add pressure on the company's bottomline.