Small, midcap stocks under pressure
The S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex at 02:32 PM
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A broker reacts at the BSE in Mumbai as Sensex tumbles over 850 points on Tuesday
Shares of small and midcap companies were under pressure, falling by upto 11% after saw a strong run-up in past two weeks.
At 02:32 PM; the S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex.
In past two weeks, midcap and smallcap indices have outperformed the market, surged 6% and 4%, respectively. On comparison, the benchmark index was up 0.6% till Monday.
Anil Ambani led Reliance Group companies such as Reliance Communications (RCom), Reliance Naval and Engineering and Reliance Power were down between 6% and 10%. JP Group stocks like Jaiprakash Power Ventures, Jaypee Infratech and Jaiprakash Associates, along with Unitech, IFCI, Punj Lloyd and Flexituff International were down in more than 4% each today.
Most of these stocks have rallied more than 25% in past two weeks, of which RCom, Reliance Naval and Engineering, Unitech, Reliance Power and Jaypee Infratech saw the market price of their companies zoomed in the range of 50% to 200% during the period.
At 02:32 PM; the S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex.
In past two weeks, midcap and smallcap indices have outperformed the market, surged 6% and 4%, respectively. On comparison, the benchmark index was up 0.6% till Monday.
Anil Ambani led Reliance Group companies such as Reliance Communications (RCom), Reliance Naval and Engineering and Reliance Power were down between 6% and 10%. JP Group stocks like Jaiprakash Power Ventures, Jaypee Infratech and Jaiprakash Associates, along with Unitech, IFCI, Punj Lloyd and Flexituff International were down in more than 4% each today.
Most of these stocks have rallied more than 25% in past two weeks, of which RCom, Reliance Naval and Engineering, Unitech, Reliance Power and Jaypee Infratech saw the market price of their companies zoomed in the range of 50% to 200% during the period.
| Company | 18/12/2017 | 01/01/2018 | % gain | Latest | % fall |
| Rcom | 11.83 | 35.40 | 199.2 | 31.95 | -9.7 |
| Intense Tech. | 79.50 | 118.05 | 48.5 | 108.10 | -8.4 |
| Reliance Naval | 34.70 | 65.15 | 87.8 | 59.85 | -8.1 |
| JP Power Ven. | 6.83 | 9.21 | 34.8 | 8.52 | -7.5 |
| Flexituff Intl. | 81.55 | 107.20 | 31.5 | 100.30 | -6.4 |
| Unitech | 6.53 | 11.30 | 73.0 | 10.59 | -6.3 |
| Reliance Power | 36.35 | 60.65 | 66.9 | 57.00 | -6.0 |
| Jaypee Infratec. | 14.43 | 23.55 | 63.2 | 22.25 | -5.5 |
| IFCI | 23.45 | 30.30 | 29.2 | 28.70 | -5.3 |
| 3i Infotech | 4.62 | 8.83 | 91.1 | 8.39 | -5.0 |
| Guj.NRE-DVR | 1.43 | 1.81 | 26.6 | 1.72 | -5.0 |
| Shree Rama News. | 27.40 | 34.70 | 26.6 | 33.00 | -4.9 |
| TV Vision | 15.10 | 21.90 | 45.0 | 20.85 | -4.8 |
| Energy Devl.Co. | 25.90 | 35.70 | 37.8 | 34.00 | -4.8 |
| Guj NRE Coke | 1.57 | 1.98 | 26.1 | 1.89 | -4.5 |
| Punj Lloyd | 21.00 | 27.60 | 31.4 | 26.35 | -4.5 |
| Lakshmi Energy | 30.15 | 38.10 | 26.4 | 36.40 | -4.5 |
| JP Associates | 17.05 | 25.10 | 47.2 | 24.00 | -4.4 |
| Rollatainers | 5.89 | 7.80 | 32.4 | 7.46 | -4.4 |
| Shriram EPC | 24.20 | 31.55 | 30.4 | 30.25 | -4.1 |
| Binani Inds | 97.90 | 137.15 | 40.1 | 131.60 | -4.0 |
| Ansal Properties | 21.40 | 27.55 | 28.7 | 26.45 | -4.0 |
| S&P BSE Midcap | 17104.40 | 17835.83 | 4.3 | 17655.24 | -1.0 |
| S&P BSE Smallcap | 18252.68 | 19279.96 | 5.6 | 19086.02 | -1.0 |
| List of stocks from BSE midcap and smallcap index down over 4% and rallied over 25% in past two weeks | |||||
| Latest price on BSE in Rs at 02:22 PM. | |||||