Article

Top Losers on BSE 500 in first 3 months of 2018

06 Apr 2018 Nikita Bhoota

Untitled Document

Indian equity markets touched a new high in January 2018 (Nifty and Sensex reached a closing high of 11,130 and 36,283 levels respectively on January 29, 2018) led by recovery in corporate earnings and fading effect of demonetization and GST.

However, Indian stock market has been in a correction phase since the last week of January this year. The benchmark indices, Nifty 50 and Sensex have plummeted ~3% and ~2.5% respectively from January 01, 2018 till March 28, 2018. Whereas, compared to the closing highs, the markets have corrected by ~10%. Heavy selling in the market due to implementation of LTCG from April 1, 2018 and weak macro-economic data (India’s current account deficit has widened 2% of GDP for quarter ended December 2017 due to higher import of oil and electronics) have dragged the market performance.

Further, PNB’s declaration of ~Rs11,600cr fraud against jeweler Nirav Modi followed by loan default case of ~Rs3,000cr against Rotomac owner Vikram Kothari in the banking sector have hurt the investors’ confidence.

Below mentioned are some of the stocks that have plummeted more than 30% on BSE 500.

Company

Price in Rs as on
1-Jan 2018

*Price in Rs as on
28-Mar 2018

(Loss) %

JBF Industries Ltd.

233.2

84.3

(63.9)

Reliance Naval and Engineering

65.2

27.6

(57.7)

Unitech Ltd.

11.3

5.6

(50.8)

Vakrangee Ltd.

420.1

221.2

(47.4)

Hindustan Construction Company Ltd.

42.0

22.3

(46.8)

Kwality Ltd.

112.3

60.4

(46.2)

Bajaj Hindusthan Sugar Ltd.

16.1

8.8

(45.2)

Adani Power Ltd.

42.7

23.8

(44.3)

Balrampur Chini Mills Ltd.

135.4

75.4

(44.3)

Punjab National Bank

169.8

95.5

(43.8)

Siti Networks Ltd.

25.7

15.0

(41.6)

Bank Of Maharashtra

23.3

13.6

(41.5)

Reliance Power Ltd.

60.7

36.2

(40.4)

Housing Development & Infrastructure Ltd.

64.4

38.7

(40.0)

Birla Corporation Ltd.

1,188.3

713.3

(40.0)

Bank Of India

170.0

103.4

(39.2)

Reliance Communications Ltd.

35.4

21.8

(38.6)

Hindustan Copper Ltd.

99.9

63.0

(37.0)

PTC India Financial Services Ltd.

37.9

24.2

(36.1)

Astra Microwave Products Ltd.

118.8

76.7

(35.5)

Union Bank Of India

145.0

94.1

(35.1)

IFCI Ltd.

30.3

19.8

(34.8)

BEML Ltd.

1,598.7

1,044.2

(34.7)

Titagarh Wagons Ltd.

168.0

110.0

(34.6)

Allahabad Bank

73.7

48.4

(34.4)

The Lakshmi Vilas Bank Ltd.

149.2

98.2

(34.2)

GATI Ltd.

135.0

89.2

(33.9)

Trident Ltd.

89.4

59.4

(33.6)

Deepak Fertilisers & Petrochemicals Corporation Ltd.

427.0

287.1

(32.8)

Motilal Oswal Financial Services Ltd.

1,486.4

1,005.9

(32.3)

Max India Ltd.

123.0

83.4

(32.2)

Suzlon Energy Ltd.

15.8

10.7

(32.0)

PC Jeweller Ltd.

469.5

319.7

(31.9)

Shipping Corporation Of India Ltd.

94.4

64.4

(31.8)

Tata Coffee Ltd.

165.2

113.4

(31.4)

Indo Count Industries Ltd.

122.6

84.9

(30.8)

Power Finance Corporation Ltd.

123.8

85.9

(30.6)

Jai Corp Ltd.

192.2

133.5

(30.5)

Syndicate Bank

79.6

55.6

(30.2)

Source: Ace Equity

Moreover, global developments such as rising bond yields, fed rate hikes and mounting trade tensions between US and China have further impacted the market sentiments. Nevertheless, as markets were trading at expensive valuations, the correction was aggravated.

Research Disclaimer

Similar Articles
  • Responses
  • Patidar Samaj

    - 2 hrs ago

    This article claims RJio was given a "Backdoor Entry" into the 4G Based Voice Routing. The peculiar aspect is without the Voice License, Rjio would have been a mere ISP. With the license, it is now a holistic communications service provider, with ability to exponentially scale the bouquet of products. The events indicate it was meticulously planned way before the auctions because the auctions were clear on the agenda: 4G for internet only.

Load More
Have Referral Code?

Recent Articles

Beginner's Corner

Top Losers on BSE 500 in first 3 months of 2018

06 Apr 2018 Nikita Bhoota

Untitled Document

Indian equity markets touched a new high in January 2018 (Nifty and Sensex reached a closing high of 11,130 and 36,283 levels respectively on January 29, 2018) led by recovery in corporate earnings and fading effect of demonetization and GST.

However, Indian stock market has been in a correction phase since the last week of January this year. The benchmark indices, Nifty 50 and Sensex have plummeted ~3% and ~2.5% respectively from January 01, 2018 till March 28, 2018. Whereas, compared to the closing highs, the markets have corrected by ~10%. Heavy selling in the market due to implementation of LTCG from April 1, 2018 and weak macro-economic data (India’s current account deficit has widened 2% of GDP for quarter ended December 2017 due to higher import of oil and electronics) have dragged the market performance.

Further, PNB’s declaration of ~Rs11,600cr fraud against jeweler Nirav Modi followed by loan default case of ~Rs3,000cr against Rotomac owner Vikram Kothari in the banking sector have hurt the investors’ confidence.

Below mentioned are some of the stocks that have plummeted more than 30% on BSE 500.

Company

Price in Rs as on
1-Jan 2018

*Price in Rs as on
28-Mar 2018

(Loss) %

JBF Industries Ltd.

233.2

84.3

(63.9)

Reliance Naval and Engineering

65.2

27.6

(57.7)

Unitech Ltd.

11.3

5.6

(50.8)

Vakrangee Ltd.

420.1

221.2

(47.4)

Hindustan Construction Company Ltd.

42.0

22.3

(46.8)

Kwality Ltd.

112.3

60.4

(46.2)

Bajaj Hindusthan Sugar Ltd.

16.1

8.8

(45.2)

Adani Power Ltd.

42.7

23.8

(44.3)

Balrampur Chini Mills Ltd.

135.4

75.4

(44.3)

Punjab National Bank

169.8

95.5

(43.8)

Siti Networks Ltd.

25.7

15.0

(41.6)

Bank Of Maharashtra

23.3

13.6

(41.5)

Reliance Power Ltd.

60.7

36.2

(40.4)

Housing Development & Infrastructure Ltd.

64.4

38.7

(40.0)

Birla Corporation Ltd.

1,188.3

713.3

(40.0)

Bank Of India

170.0

103.4

(39.2)

Reliance Communications Ltd.

35.4

21.8

(38.6)

Hindustan Copper Ltd.

99.9

63.0

(37.0)

PTC India Financial Services Ltd.

37.9

24.2

(36.1)

Astra Microwave Products Ltd.

118.8

76.7

(35.5)

Union Bank Of India

145.0

94.1

(35.1)

IFCI Ltd.

30.3

19.8

(34.8)

BEML Ltd.

1,598.7

1,044.2

(34.7)

Titagarh Wagons Ltd.

168.0

110.0

(34.6)

Allahabad Bank

73.7

48.4

(34.4)

The Lakshmi Vilas Bank Ltd.

149.2

98.2

(34.2)

GATI Ltd.

135.0

89.2

(33.9)

Trident Ltd.

89.4

59.4

(33.6)

Deepak Fertilisers & Petrochemicals Corporation Ltd.

427.0

287.1

(32.8)

Motilal Oswal Financial Services Ltd.

1,486.4

1,005.9

(32.3)

Max India Ltd.

123.0

83.4

(32.2)

Suzlon Energy Ltd.

15.8

10.7

(32.0)

PC Jeweller Ltd.

469.5

319.7

(31.9)

Shipping Corporation Of India Ltd.

94.4

64.4

(31.8)

Tata Coffee Ltd.

165.2

113.4

(31.4)

Indo Count Industries Ltd.

122.6

84.9

(30.8)

Power Finance Corporation Ltd.

123.8

85.9

(30.6)

Jai Corp Ltd.

192.2

133.5

(30.5)

Syndicate Bank

79.6

55.6

(30.2)

Source: Ace Equity

Moreover, global developments such as rising bond yields, fed rate hikes and mounting trade tensions between US and China have further impacted the market sentiments. Nevertheless, as markets were trading at expensive valuations, the correction was aggravated.

Research Disclaimer