BSE Smallcap index hits 10-month low; 111 stocks tank over 50% in CY18

Thus far in CY18, the S&P BSE Small-cap index has underperformed by falling 18%, as compared to 14% decline in the S&P BSE Midcap and 3% rise in the S&P BSE Sensex.

Shares of smallcap companies continue to be under pressure with the S&P BSE Smallcap index hitting 10-month low, down for the fourth straight trading day on the BSE on Thursday.

The S&P BSE Smallcap index was ended down 1% at 15,730, as compared to 0.51% decline in the S&P BSE Sensex. The smallcap index hit an intra-day low of 15,709, its lowest level since August 30, 2017, as global trade war concerns between US and other major economies and weak rupee dampened the sentiments.

According to a Reuters report, the rupee fell to an all-time low against the US dollar in early trade on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency.

Thus far in calendar year 2018 (CY18), the S&P BSE Small-cap index has underperformed by falling 18%, as compared to 15% decline in the S&P BSE Midcap and 2.8% rise in the S&P BSE Sensex.

Out of 858 stocks from the smallcap index, more than half or 548 stocks have underperformed the index by falling more than 20% thus far in CY18. As many as 111 stocks have seen price erosion of an over 50% during the period.

Gitanjali Gems, Bombay Rayon Fashions, Diamond Power Infrastructure, Kwality, JBF Industries, Jaypee Infratech, Sunil Hitech and Reliance Naval and Engineering have plunged between 75% and 95%.

Out of 183 stocks that hit 52-week lows, total 45 stocks that include Bank of Maharashtra, GTL, GTL Infrastructure, KSK Energy Ventures, Punj Lloyd, Reliance Naval Engineering, Lovable Lingerie, Housing Development & Infrastructure (HDIL) and TD Power Systems hit record lows today.

COMPANY	LATEST	ONE-MONTH BEFORE	LOSS(RS)	LOSS(%)
ARROW GREENTECH	103.75	293.80	-190.05	-64.69
MANPASAND BEVER.	136.10	344.80	-208.70	-60.53
KSK ENERGY VEN.	1.63	3.80	-2.17	-57.11
LEEL ELECTRICALS	96.20	217.20	-121.00	-55.71
KWALITY	22.25	47.60	-25.35	-53.26
FEDDERS ELECTRIC	32.05	65.70	-33.65	-51.22
JVL AGRO INDUS	12.10	22.10	-10.00	-45.25
DEEP INDUSTRIES	86.20	152.95	-66.75	-43.64
INTRASOFT TECH.	310.00	547.55	-237.55	-43.38
ATLANTA	37.75	65.80	-28.05	-42.63
MONNET ISPAT	10.85	18.91	-8.06	-42.62
GITANJALI GEMS	3.79	6.49	-2.70	-41.60
GAMMON INFRA.	1.37	2.33	-0.96	-41.20
SUNIL HITECH	2.86	4.84	-1.98	-40.91
JBF INDS.	55.30	93.15	-37.85	-40.63
AXISCADES ENGG.	92.95	154.40	-61.45	-39.80
MADHUCON PROJ.	11.20	18.25	-7.05	-38.63
ARCOTECH LTD	14.25	23.10	-8.85	-38.31
MIRC ELECTRONICS	25.05	39.80	-14.75	-37.06
FLEXITUFF INTL.	33.05	52.40	-19.35	-36.93
KRBL	323.80	504.60	-180.80	-35.83
GVK POWER INFRA.	9.03	14.04	-5.01	-35.68
DUCON TECH	19.95	30.50	-10.55	-34.59
APEX FROZEN	388.50	591.55	-203.05	-34.33
DILIP BUILDCON	698.55	1062.50	-363.95	-34.25
MIC ELECTRONICS	2.70	4.09	-1.39	-33.99
VIKAS ECOTECH	21.10	31.70	-10.60	-33.44
HIND.CONSTRUCT.	10.82	16.25	-5.43	-33.42
DWARIKESH SUGAR	16.50	24.75	-8.25	-33.33
ARSHIYA	42.45	63.55	-21.10	-33.20
STAMPEDE CAP.	4.30	6.42	-2.12	-33.02
JINDAL SAW	71.80	107.15	-35.35	-32.99
IVRCL	1.32	1.94	-0.62	-31.96
KNR CONSTRUCT.	206.00	301.10	-95.10	-31.58
AKSH OPTIFIBRE	24.60	35.50	-10.90	-30.70
TIL	312.00	450.00	-138.00	-30.67
KOHINOOR FOODS	40.70	58.70	-18.00	-30.66
CG POWER & INDU.	54.30	78.15	-23.85	-30.52
ASHAPURA MINECH.	42.65	61.20	-18.55	-30.31
WATERBASE	170.00	243.40	-73.40	-30.16