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