Following the Sebi Cheif Madhabi Puri’s comment on Monday flagging “froth” in small and mid-cap stocks, saying that the stocks trading in these segments have outperformed and are very highly valued. The shares trading in the Small and Mid-cap indices plunged for 3 days continuously thereby wiping the investor’s wealth.
Here are some Financially Strong Small-cap Stocks that hit their share price lower circuit in the day’s trade
India Pesticides
India Pesticides Limited is an agrochemicals manufacturer engaged in the business of manufacturing, sale, and distribution of insecticides, fungicides, herbicides, and other types of agrochemicals.
With a market capitalization of Rs. 2,913 Crores, the shares of India Pesticides Limited hit a 20 percent lower circuit in the day’s trade at Rs. 252.95.
Its revenue from operations grew by 23.57 percent from Rs. 716 Crores in FY22 to Rs. 885 Crores in FY23, accompanied by profits of Rs. 158 Crores to Rs. 144 Crores.
Railtel Corporation of India
Railtel Corporation of India Limited is a Miniratna PSE engaged in providing neutral telecom infrastructure throughout India. It provides a range of telecom services like virtual private networks, internet leased in line, etc, and other project work services like national optic fiber network and other specific telecom and IT services.
With a market capitalization of Rs. 9,898 Crores, the shares of Railtel Corporation of India Limited hit a 20 percent lower circuit in the day’s trade at Rs. 308.40.
Its revenue from operations grew by 27.93 percent from Rs. 1,522 Crores in FY22 to Rs. 1,947 Crores in FY23, accompanied by profits of Rs. 208 Crores to Rs. 187 Crores.
IRB Infrastructure Developers
IRB Infrastructure Developers Limited is engaged in the business of providing engineering procurement and construction (EPC) and operation & maintenance services across infrastructure projects like roads, highways, and many more.
With a market capitalization of Rs. 30,756 Crores, the shares of IRB Infrastructure Developers Limited hit a 10 percent lower circuit in the day’s trade at Rs. 50.93.
Its revenue from operations grew by 10.30 percent from Rs. 5,804 Crores in FY22 to Rs. 6,402 Crores in FY23, accompanied by profits of Rs. 361 Crores to Rs. 720 Crores.
Housing & Urban Development Corporation
Housing & Urban Development Corporation Limited is primarily engaged in the business of financing housing and urban development activities in the country.
With a market capitalization of Rs. 32,791 Crores, the shares of Housing & Urban Development Corporation Limited hit a 10 percent lower circuit in the day’s trade at Rs. 163.80.
Its revenue grew by 1.37 percent from Rs. 6,986 Crores in FY22 to Rs. 7,082 Crores in FY23, accompanied by profits of Rs. 1,716 Crores to Rs. 1,701 Crores.
Written by: Bharath K.S
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