Midcap stocks slump, talk of margin calls

A slew of midcap stocks slump by double digits on widespread speculation some investors are liquidating their positions because of margin call pressures, according to dealers.

Tulip Telecom drops 40 percent, while Radico Khaitan , Pipapav Shipyard , Parsvnath Developers and Everonn Education fall between 13-20 percent each.

Andhra Pradesh Paper Mills falls 6.6 percent.