A slew of negative news and ratings downgrade have taken a toll on the Indian equities with 54 stocks seeing at least one-fourth of their market value getting eroded in the past three weeks.
Among the shares trading on the S&P BSE Allcap index, Reliance Infrastructure (RInfra), Manpasand Beverages, Eros International Media, PC Jeweller, Jet Airways (India), Sintex Industries and Kridhan Infra have plunged in the range of 50 per cent to 62 per cent during the period.
Furthermore, Dewan Housing Finance Corporation (DHFL), Jammu & Kashmir Bank, S Chand & Company, Jain Irrigation Systems and Cox & Kings have

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