Top 10 Midcap Losers
5paisa Research Team
Last Updated: 13th December 2022 - 04:33 pm
Mid-caps have attracted a lot of investors especially post the first leg of the rally in July and August 2021. This rally was more rewarding for those who consistently remained invested during the fall. The fall that we are referring to here is not the March 2020 fall.
Nifty Midcap 100 index was declining and underperforming Nifty 50 ever since January 2018. The wealth that it eroded from January 2018 to March 2020 was close to 11,000 points or 51%. However, since then it has surged almost 22,000 points or 209%. However, the index plunged close to 2,000 points from its all-time high of 33,243.5 in a matter of two days.
Is this fall due to uncomfortable valuations? If we look at the current Price to Earnings (P/E) of Nifty Midcap 100, then it stands at 33.86 which is quite near to its 10-year average P/E of 34.65. However, its 10-year median P/E stands at 22.32. Therefore, valuations don’t seem that stretched. However, we have curated a list of the top 10 stocks that were hit badly in this two-day fall.
|
Company Name |
High |
Low |
Last Price |
Previous Close |
Change |
Loss (per cent) |
|
Mindtree |
4,778.00 |
4,305.05 |
4,458.00 |
4,779.95 |
-321.95 |
-6.74 |
|
Oil India |
234.05 |
214.75 |
215.7 |
228.35 |
-12.65 |
-5.54 |
|
COFORGE LTD. |
5,849.30 |
5,452.00 |
5,524.00 |
5,820.40 |
-296.4 |
-5.09 |
|
L&T Finance |
89.9 |
86.3 |
86.85 |
91.35 |
-4.5 |
-4.93 |
|
L&T Technology |
5,052.00 |
4,575.00 |
4,740.00 |
4,953.30 |
-213.3 |
-4.31 |
|
Laurus Labs |
603.8 |
568.6 |
574.45 |
599.45 |
-25 |
-4.17 |
|
Voltas |
1,239.80 |
1,161.20 |
1,200.10 |
1,247.60 |
-47.5 |
-3.81 |
|
Navin Fluorine |
3,632.95 |
3,325.10 |
3,377.95 |
3,502.40 |
-124.45 |
-3.55 |
|
Prestige Estate |
444.35 |
418 |
420.1 |
433.6 |
-13.5 |
-3.11 |
|
Tata Elxsi |
6,259.90 |
5,931.00 |
6,000.00 |
6,178.85 |
-178.85 |
-2.89 |
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