The top 10 laguards of the week were BMW Industries, Trivenit Turbine, Veranda Learning Solutions, Gy Corporation, Orchid Pharma, Coffee Day Enterprise, Max Estate, Exi Energy Services, Gensol Engineering and K&R Rail Engineering from 16% to 43%.
Others with double digit declines include Sapphire Foods India, Aditya Villaral Real Estate, Balfour Gain Dustries, Swan Energy, Billsoft, Hindustan Construction Company, Texmakorail & Engineering, Vaclean and Senko Gold. India’s Railtel Corporation, Jammu & Kashmir Bank, Shipping Corporation of India (SCI), Rites and Garden Reach Shipbuilders & Engineers fell between 0.82% and 5.80%.
Among the widely tracked private names, Tata Chemicals (-2.31), Sobha Motherson Sumi Iring India, Fortis Healthcare, Natco Pharma, Honasa Consumer (Mamaearth) and PVR Inox ranged in 2.31% and 6.59%.
The BSE500 also slumps 1.3% per week, 1.3% per week, led by Indusind Bank Crash. He’s the worst department performer
Smallcaps has been under great pressure for the past six months and is now hanging in bear territory. The BSE SmallCap index fell by more than 23% over this period. In contrast, BSE Sensex has now reached 11%. “As we know, these are pockets where domestic institutions and retail positioning have reached very extreme or elevated levels in the past few years, and there are still no signs of moderation,” he said.
“There is still a considerable retail/domestic institutional position in the central and small caps. So there could be more risks there. So, from the standpoint of preference within the cap, we still prefer something like medium and small caps in distribution,” he added.
(Disclaimer: The recommendations, suggestions, opinions and opinions given by experts are their own. (These do not represent views of the economic era)
