IL&FS Engineering, Punj Lloyd among 314 stocks trading below face value

Reliance Communication (RCom) hit a new low of Rs 4.85 and slipped below its face value of Rs 5 per share on February 6, 2019

A sharp fall in small-cap segment has seen the number of stocks trading below their face value rise to 314  at the bourses from 132 a year ago and 269 at the beginning of calendar year 2019 (CY19).

Reliance Naval and Engineering, IL&FS Transportation Networks, Essar Shipping, Punj Lloyd and Shriram EPC are among the 51 stocks that have slipped below their face value in past one-and-a-half months alone.

Thus far in CY19, the S&P BSE Small-cap and the S&P BSE Mid-cap indices have underperformed the market by falling 11 per cent each, as compared to 1.6 per cent decline