Tanushree JaiswalSwing Trading Stocks: Week of ...
by
Tanushree Jaiswal
15/04/2024
Indian Stock Market
Nikita Bhoota
15th December 2022
Top Losers on BSE 500 in first 3 months of 2018
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 |
*Price in Rs as on |
(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.
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