The markets have entered a correction mode with the BSE Sensex falling over 1,000 points from its closing high of 32,575, hit on August 1. On Thursday, the index closed on its lowest levels in three weeks as geopolitical tensions and a regulatory crackdown on suspected shell companies unnerved investors.
The broader markets also followed the trend; the S&P BSE Smallcap index saw a decline of over 5% in the same period and the S&P BSE Midcap index slipped over 4%.
Over 300 stocks from BSE500 underperformed the frontline indices, falling in the range of 3-34% during this period. Stocks that saw a decline of over 20% includes HDIL, JBF Industries, Natco Pharma, Granules India, Kaveri Seed Company and Jindal Steel & Power. Only 57 companies were in positive for the given period.
HDIL was the biggest laggard, falling over 30% since August 1. The real estate developer recently said that the National Company Law Tribunal (NCLT) has admitted Union Bank of India’s plea against its wholly-owned subsidiary Guruashish Constructions under the Insolvency and Bankruptcy Code. CLICK HERE FOR A RELATED STORY
This is a list of 25 stocks that fell over 15% in the given period:
This is a list of 25 stocks that fell over 15% in the given period:
| Stock Price (Rs) | |||
|---|---|---|---|
| Company | 01-Aug-2017 | 10-Aug-2017 | Change (%) |
| HDIL | 85.35 | 56.10 | -34.27 |
| JBF Industries | 213.10 | 152.70 | -28.34 |
| Natco Pharma | 967.00 | 696.65 | -27.96 |
| Granules India | 137.80 | 107.30 | -22.13 |
| Kaveri Seed Company | 682.20 | 531.50 | -22.09 |
| Jindal Steel & Power | 154.75 | 123.20 | -20.39 |
| Godfrey Phillips India | 1124.85 | 902.40 | -19.78 |
| Dr. Reddys Laboratories | 2426.75 | 1948.95 | -19.69 |
| Suzlon Energy | 18.90 | 15.40 | -18.52 |
| Jaiprakash Associates | 28.45 | 23.35 | -17.93 |
| Reliance Communications | 25.80 | 21.20 | -17.83 |
| Videocon Industries | 23.65 | 19.45 | -17.76 |
| Reliance Defence and Engineering | 61.95 | 51.10 | -17.51 |
| Hindustan Construction Company | 40.80 | 33.70 | -17.40 |
| Adani Enterprises | 140.00 | 116.30 | -16.93 |
| Shilpa Medicare | 662.30 | 551.30 | -16.76 |
| Escorts | 701.60 | 586.90 | -16.35 |
| Himatsingka Seide | 350.15 | 293.95 | -16.05 |
| Bombay Dyeing & Manufacturing Company | 82.95 | 69.65 | -16.03 |
| KPIT Technologies | 129.15 | 108.85 | -15.72 |
| Repco Home Finance | 759.05 | 640.30 | -15.64 |
| Nilkamal | 1871.80 | 1580.00 | -15.59 |
| IL&FS Transportation Networks | 90.35 | 76.30 | -15.55 |
| Jindal Saw | 105.30 | 89.40 | -15.10 |
| DLF | 193.50 | 164.35 | -15.06 |
| Source: Ace Equity | |||