Nearly 700 smallcaps facing June heat! Stocks decline up to 50% in 19 sessions
Updated : June 28, 2018 03:44 PM IST
As many as 682 stocks in the S&P BSE Smallcap index gave negative returns in June led by losses in Gitanjali Gems (down 51%), Arrow Greentech (down 50%), Kwality (down 50%), KSK Energy (down 48%), Virtual Global (down 41%), and Deep Industries (down 41.31%).
As many as 286 stocks in the Smallcap index hit a fresh 52-week low including prominent names like JBF Industries, Gammon, Punj Lloyd, Asian Granito, SRS Real Infra, ICRA, Dalmia Bharat, Care Ratings, BEML, JK Cements, Motilal Oswal etc., among others.
As many as 17 stocks in the S&P BSE Midcap index lost in double digits which include names like Reliance Communications (down 28%), IDBI Bank (down 22%), JSW Energy (down 21%), Adani Power (down 19%), Torrent Power (down 15.8%) etc., among others.
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