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Shares of smallcap companies were under pressure with 61 stocks from the S&P BSE Smallcap index hitting their respective 52-week lows, falling by upto 15% on the BSE in intra-day trade on Thursday.
Hindustan Construction Company (HCC), Sunil Hitech Engineers, Diamond Power Infrastructure, Reliance Naval and Engineering, Gammon Infrastructure Projects and A2Z Infra Engineering were down in the range of 6% to 13%, touching their respective 52-week lows today.
Tata Coffee, Astra Microwave Products, Bank of Maharashtra, Chennai Petroleum Corporation (CPCL), CARE Ratings, Gitanjali Gems, JBF Industries, Jubilant Industries and IVRCL are among notable stocks too hit 52-week lows on the BSE.
At 02:49 pm; the S&P BSE Smallcap index, the largest loser among broader indices, was down 0.89%, as compared to 0.75% decline the S&P BSE Midcap index and 0.27% fall in the benchmark S&P BSE Sensex.
HCC has dipped 15% to Rs 24.40, its lowest level since August 31, 2016, after the media report suggested that its subsidiary Lavasa Corporation (Lavasa) headed for bankruptcy.
“Lavasa has been working jointly with the consortium of lenders for a financial solutions for Lavasa. Due to Reserve Bank of India’s (RBI) recent notification on the Insolvency and Bankruptcy Code (IBC), the process has been slowed down till further clarity on the finer nuances for the revised framework emerge,” HCC said on clarification on news report.
Lavasa is hopeful of comprehensive solution for its debt recast once the revised framework is deliberated to the satisfaction of all involved. Lavasa’s top priority is to safeguard the interests of all stakeholders, including the home buyers, who have believed in and supported the project, it added.
JBF Industries hit a four year low of Rs 103, falling 29% in past one week, after the promoters of the company sold their stake in the company through open market.
Bhagirath C Arya (395,000) and Chinar Arya Mittal (22,000) had collectively sold 417,000 equity shares representing 0.5% stake of JBF Industries between March 15 and March 20, 2018, the company said in a regulatory filing.
Hindustan Construction Company (HCC), Sunil Hitech Engineers, Diamond Power Infrastructure, Reliance Naval and Engineering, Gammon Infrastructure Projects and A2Z Infra Engineering were down in the range of 6% to 13%, touching their respective 52-week lows today.
Tata Coffee, Astra Microwave Products, Bank of Maharashtra, Chennai Petroleum Corporation (CPCL), CARE Ratings, Gitanjali Gems, JBF Industries, Jubilant Industries and IVRCL are among notable stocks too hit 52-week lows on the BSE.
At 02:49 pm; the S&P BSE Smallcap index, the largest loser among broader indices, was down 0.89%, as compared to 0.75% decline the S&P BSE Midcap index and 0.27% fall in the benchmark S&P BSE Sensex.
HCC has dipped 15% to Rs 24.40, its lowest level since August 31, 2016, after the media report suggested that its subsidiary Lavasa Corporation (Lavasa) headed for bankruptcy.
“Lavasa has been working jointly with the consortium of lenders for a financial solutions for Lavasa. Due to Reserve Bank of India’s (RBI) recent notification on the Insolvency and Bankruptcy Code (IBC), the process has been slowed down till further clarity on the finer nuances for the revised framework emerge,” HCC said on clarification on news report.
Lavasa is hopeful of comprehensive solution for its debt recast once the revised framework is deliberated to the satisfaction of all involved. Lavasa’s top priority is to safeguard the interests of all stakeholders, including the home buyers, who have believed in and supported the project, it added.
JBF Industries hit a four year low of Rs 103, falling 29% in past one week, after the promoters of the company sold their stake in the company through open market.
Bhagirath C Arya (395,000) and Chinar Arya Mittal (22,000) had collectively sold 417,000 equity shares representing 0.5% stake of JBF Industries between March 15 and March 20, 2018, the company said in a regulatory filing.
| COMPANY | LATEST | 52 WK LOW | PREV LOW | PREV DATE |
| A2Z INFRA ENGG. | 27.45 | 27.20 | 28.60 | 21-Mar-18 |
| ALPHAGEO (INDIA) | 740.00 | 734.05 | 741.60 | 12-Mar-18 |
| ASTRA MICROWAVE | 80.50 | 80.00 | 81.50 | 21-Mar-18 |
| BANK OF MAHA | 14.00 | 14.00 | 14.00 | 12-Mar-18 |
| C P C L | 337.00 | 333.00 | 333.35 | 20-Mar-18 |
| CARE RATINGS | 1253.35 | 1241.55 | 1259.10 | 21-Mar-18 |
| CASTEX TECH | 4.10 | 4.05 | 4.10 | 21-Mar-18 |
| COSMO FILMS | 257.10 | 257.00 | 260.00 | 20-Mar-18 |
| D B CORP | 308.25 | 293.35 | 306.30 | 21-Mar-18 |
| D-LINK INDIA | 84.00 | 83.80 | 85.10 | 04-Sep-17 |
| DHANUKA AGRITECH | 579.75 | 560.00 | 562.30 | 21-Mar-18 |
| DIAMOND POWER | 9.45 | 9.25 | 10.15 | 21-Mar-18 |
| FEDERAL-MOGUL GO | 431.00 | 430.00 | 438.65 | 20-Mar-18 |
| GAMMON INFRA. | 2.32 | 2.29 | 2.42 | 21-Mar-18 |
| GATEWAY DISTR. | 178.20 | 177.65 | 185.20 | 21-Mar-18 |
| GE SHIPPING CO | 340.00 | 337.00 | 341.65 | 20-Mar-18 |
| GITANJALI GEMS | 10.15 | 10.15 | 10.65 | 21-Mar-18 |
| GULSHAN POLYOLS | 68.30 | 67.25 | 69.10 | 21-Mar-18 |
| HIND.CONSTRUCT. | 24.50 | 24.40 | 28.65 | 21-Mar-18 |
| HINDUSTAN MEDIA | 227.45 | 223.00 | 223.00 | 21-Mar-18 |
| HINDUSTAN MEDIA | 227.45 | 223.00 | 223.00 | 21-Mar-18 |
| HITECH CORP. | 142.70 | 142.00 | 142.35 | 07-Mar-18 |
| IL&FS TRANSPORT | 64.35 | 64.35 | 65.00 | 20-Mar-18 |
| INDIAN HUME PIPE | 325.00 | 325.00 | 331.60 | 21-Mar-18 |
| INDO COUNT INDS. | 85.75 | 85.30 | 88.90 | 21-Mar-18 |
| INGERSOLL-RAND | 690.60 | 677.10 | 681.95 | 21-Mar-18 |
| IVRCL | 3.57 | 3.51 | 3.51 | 21-Mar-18 |
| JAY BHARAT MAR. | 408.20 | 402.05 | 413.00 | 10-Apr-17 |
| JAYANT AGRO ORG. | 314.05 | 300.00 | 311.80 | 21-Mar-18 |
| JBF INDS. | 104.30 | 103.45 | 104.00 | 20-Mar-18 |
| JUBILANT INDS. | 173.80 | 170.00 | 170.50 | 19-Mar-18 |
| KAKATIYA CEMENT | 244.30 | 244.30 | 245.70 | 21-Mar-18 |
| KALYANI STEELS | 268.25 | 265.65 | 279.00 | 21-Mar-18 |
| KESAR TERMINALS | 131.25 | 129.15 | 132.50 | 21-Mar-18 |
| KIRL. ELECTRIC | 30.90 | 30.80 | 32.05 | 13-Mar-18 |
| LYCOS INTERNET | 4.70 | 4.63 | 4.70 | 21-Mar-18 |
| MADHUCON PROJ. | 21.70 | 21.40 | 22.05 | 21-Mar-18 |
| MARKSANS PHARMA | 33.65 | 33.60 | 34.10 | 20-Mar-18 |
| MAX VENTURES | 67.95 | 67.45 | 68.00 | 08-Mar-18 |
| MBL INFRAST | 18.10 | 18.00 | 18.00 | 21-Mar-18 |
| MCLEOD RUSSEL | 139.45 | 139.15 | 145.00 | 21-Mar-18 |
| MERCATOR | 31.60 | 31.20 | 32.20 | 20-Mar-18 |
| MIC ELECTRONICS | 4.99 | 4.99 | 5.25 | 21-Mar-18 |
| MONNET ISPAT | 18.80 | 18.45 | 19.15 | 20-Mar-18 |
| MPS | 529.80 | 526.65 | 529.25 | 21-Mar-18 |
| NAHAR INDL. ENT. | 75.55 | 75.55 | 75.70 | 12-Mar-18 |
| NAHAR SPINNING | 88.25 | 88.00 | 90.30 | 20-Mar-18 |
| ONMOBILE GLOBAL | 41.20 | 41.00 | 41.70 | 21-Mar-18 |
| ORICON ENTER. | 50.10 | 48.00 | 50.40 | 21-Mar-18 |
| PTC INDIA FIN | 25.85 | 25.70 | 25.80 | 12-Mar-18 |
| PUNJ LLOYD | 16.95 | 16.90 | 17.15 | 09-Mar-18 |
| RELIANCE NAV.ENG | 30.60 | 30.00 | 31.50 | 21-Mar-18 |
| S CHAND & COMPAN | 399.00 | 397.10 | 398.00 | 21-Mar-18 |
| SAI BABA INVT. | 13.63 | 13.63 | 13.63 | 21-Mar-18 |
| SAKTHI SUGARS | 17.15 | 15.65 | 16.15 | 12-Mar-18 |
| SUNIL HITECH | 9.65 | 9.10 | 10.05 | 08-Mar-18 |
| TATA COFFEE | 117.20 | 116.50 | 117.00 | 21-Mar-18 |
| TEXMACO RAIL | 82.75 | 82.70 | 84.00 | 11-Aug-17 |
| TRIDENT | 63.50 | 62.55 | 64.85 | 20-Mar-18 |
| TRIVEN.ENGG.IND. | 45.25 | 45.20 | 45.50 | 19-Mar-18 |
| TRIVENI TURBINE | 104.80 | 103.60 | 105.90 | 21-Mar-18 |
