Sebi Chief Madhabi Puri on Monday flagged “froth” in small and mid-cap stocks, saying that the stocks trading in these segments have outperformed and are very highly valued.
The Securities and Exchange Board of India will review its rule that mandates small- and mid-cap funds to invest at least 65 percent of their assets in such stocks if fund managers find it is “restraining risk management”.
Following the above statement made by Sebi Chief Madhabi Puri, the S&P BSE Midcap Index fell by 795 points, down 2 percent and the S&P BSE Small Index fell by 1,548 points down by 3.5 percent.
Here are some of the S&P BSE Small Index and S&P BSE Midcap Index stocks that declined the most in 2 trading sessions
JTL Industries
JTL Industries Limited is an integrated manufacturer and supplier of steel tubes, pipes, and allied products, the product offerings include, Electric Resistance Welding (ERW) pipes, galvanized pipes, solar structures, and many more.
With a market capitalization of Rs. 3,045 Crores, the shares of JTL Industries Limited closed at Rs. 178, down 7.70 percent from its previous day’s close price of Rs. 192.85. The shares of JTL Industries Limited declined by 28 percent in just two trading sessions.
Paisalo Digital
Paisalo Digital Limited is a Non-Banking Financial Company(NBFC) engaged in the business of providing financial products and services like small finance loans, SME loans, income generation loans, and many more.
With a market capitalization of Rs. 6,275 Crores, the shares of Paisalo Digital Limited hit a 20 percent lower Circuit in the day’s trade at Rs. 139.75. The shares of Paisalo Digital Limited declined by 26 percent in two trading sessions.
Lancer Container Lines
Lancer Container Lines Limited is engaged in providing integrated shipping and logistics solutions like coastal water transport, freight forwarding, selling ship containers, and many more, in India and overseas.
With a market capitalization of Rs. 1,565 Crores, the shares of Lancer Container Lines Limited closed at Rs. 68.45, down 18.29 percent from its previous day’s close price of Rs. 83.77. The shares of Lancer Container Lines Limited declined by 21 percent in two trading sessions.
BSE Midcap Stocks
SJVN
SJVN Limited is engaged in the business of generation, transmission, and consultancy of renewable energy sources like hydro energy, wind energy, and solar energy.
With a market capitalization of Rs. 44,190 Crores, the shares of SJVN Limited closed at Rs. 112.45, down 6 percent from its previous day’s close price of Rs. 119.90. The shares of SJVN Limited declined by 8 percent in just two trading sessions.
Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail Limited is a fashion and lifestyle company engaged in the business of manufacturing and retailing branded apparel and operating a chain of apparel and retail stores across its vast distribution network.
With a market capitalization of Rs. 20,255 Crores, the shares of Aditya Birla Fashion and Retail Limited closed at Rs. 213.40, down 3.15 percent from its previous day’s close price of Rs.220.35. The shares of Aditya Birla Fashion and Retail Limited declined by 5 percent in just two trading sessions.
Uno Minda
Uno Minda Limited is a leading global manufacturer and supplier of proprietary automotive solutions and systems to OEMs. It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India.
With a market capitalization of Rs. 35,926 Crores, the shares of Uno Minda Limited closed at Rs. 626.75, down 2.71 percent from its previous day’s close price of Rs.644.20. The shares of Uno Minda Limited declined by 4.5 percent in two trading sessions.
Written by: Bharath K.S
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