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Shares of small and midcap companies were under pressure, falling by upto 11% after saw a strong run-up in past two weeks. At 02:32 PM; the S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex. In past two weeks, midcap and smallcap indices have outperformed the market, surged 6% and 4%, respectively. On comparison, the benchmark index was up 0.6% till Monday. Anil Ambani led Reliance Group companies such as Reliance Communications (RCom), Reliance Naval and Engineering and Reliance Power were down between 6% and 10%.
JP Group stocks like Jaiprakash Power Ventures, Jaypee Infratech and Jaiprakash Associates, along with Unitech, IFCI, Punj Lloyd and Flexituff International were down in more than 4% each today. Most of these stocks have rallied more than 25% in past two weeks, of which RCom, Reliance Naval and Engineering, Unitech, Reliance Power and Jaypee Infratech saw the market price of their companies zoomed in the range of 50% to 200% during the period.
|Company||18/12/2017||01/01/2018||% gain||Latest||% fall|
|JP Power Ven.||6.83||9.21||34.8||8.52||-7.5|
|Shree Rama News.||27.40||34.70||26.6||33.00||-4.9|
|Energy Devl. Co.||25.90||35.70||37.8||34.00||-4.8|
|Guj NRE Coke||1.57||1.98||26.1||1.89||-4.5|
|S&P BSE Midcap||17104.40||17835.83||4.3||17655.24||-1.0|
|S&P BSE Smallcap||18252.68||19279.96||5.6||19086.02||-1.0|
|List of stocks from BSE midcap and smallcap index down over 4% and rallied over 25% in past two weeks|
|Latest price on BSE in Rs at 02:22 PM.|