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Mid, Small-cap stocks under pressure; 68 scrips hit 52-week low

SI Reporter/Mumbai 14 May 18 | 11:54 AM

hare brokers react to falling stock prices on screens of computers and television

Shares of mid and small-cap companies were under pressure with 68 stocks from these indices hitting their respective 52-week lows on the BSE in intra-day trade on Monday.

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At 11:51 am; the S&P BSE Midcap index was down 0.53% at 16,258, while the S&P BSE Smallcap index fell 0.41% at 17,746, as compared to a marginal 0.01% rise in the S&P BSE Sensex.

Sugar stocks like Bajaj Hindustan, Dalmia Bharat, DCM Shriram Industries, Dhampur Sugar, Dwarikesh Sugar, KCP Sugars and Mawana Sugars hit 52-week lows due to falling sugar prices.

During April-December 2017, sales of the sugar industry grew by a slower 11% on a y-o-y basis compared to 31.1% sales growth reported by the industry during April-December 2016. Subdued sugar prices on account of an anticipated increase in sugar output for season 2017-18 were primarily responsible for a slower sales growth rate.

Dena Bank, Oriental Bank of Commerce, IDFC Bank, IFCI and UCO Bank from the banks and financials, Anant Raj Industries, Atlanta, Housing Development and Infrastructure (HDIL), Hindustan Construction Company (HCC), Patel Engineering and Punj Lloyd from the construction and infrastructure sector hit 52-week lows.

Dena Bank has plunged 12% to Rs 16.15 on the BSE in intra-day trade after the state owned bank said the Reserve Bank of India initiated Prompt Corrective Action for the bank and imposed certain restrictions, in view of high net non performing assets (NPA) and negative Return on Assets (RoA).

Dena Bank reported widening of its net loss to Rs 12.25 billion in the March quarter (Q4FY18) due to rising bad loans and higher provisioning to cover them. The bank had net loss of Rs 5.75 billion in the same quarter last fiscal. Net NPA of the bank stood at 11.95% in Q4FY18 against 11.52% in Q3FY18 and 10.66% in Q4FY17.

Anil Dhirubhai Ambani Group (ADAG) three companies – Reliance Capital, Reliance Naval and Engineering and Reliance Power – touched fresh 52-week lows today.

COMPANYLATEST52 WK LOWPREV LOWPREV DATEA2Z INFRA ENGG.21.7021.5021.7011-May-18ADANI POWER22.8522.8523.1526-Mar-18ANANT RAJ41.1541.0041.5003-May-18ATLANTA67.5067.2067.6011-May-18BAJAJ HINDUSTHAN7.687.637.9111-May-18BHARAT ELECTRON124.80124.60127.0503-May-18BLUE DART EXP.3358.503179.003251.0011-May-18CAPITAL FIRST579.90579.35580.0511-May-18CASTEX TECH2.532.532.5511-May-18D B CORP279.20275.30275.5011-May-18DALMIA BHARAT57.2555.0059.0511-May-18DCM SHRIRAM247.75245.00256.0008-May-18DCM SHRIRAM INDS170.95169.15171.0011-May-18DENA BANK17.3516.1518.0023-Mar-18DHAMPUR SUGAR84.0084.0084.4527-Apr-18DIAMOND POWER2.692.472.5310-May-18DWARIKESH SUGAR19.9019.7520.8011-May-18ELECTROSTEEL ST.1.251.251.3111-May-18EROS INTL.MEDIA137.85134.50146.7511-May-18FIBERWEB (INDIA)101.00100.00101.0003-May-18GRANULES INDIA92.3592.0093.0011-May-18GTL INFRA.1.701.701.7811-May-18GUJ INDS. POWER96.4596.0096.2526-Mar-18H D I L26.6526.4028.6011-May-18H U D C O57.1057.1058.0511-May-18HIND.CONSTRUCT.15.8015.7515.9504-May-18I O B17.2017.0017.0028-Mar-18IDFC BANK42.8042.8043.3511-May-18IFCI18.3518.2518.6011-May-18IL&FS TRANSPORT58.0058.0058.4023-Mar-18INDIAN ACRYLICS12.5512.2512.9011-May-18INDO COUNT INDS.79.4579.0080.1011-May-18INOX WIND99.1596.00100.0023-Mar-18JAYANT AGRO ORG.267.05266.05272.4011-May-18JP POWER VEN.3.703.413.4803-May-18KCP SUGAR &INDS.21.2521.2521.5511-May-18KESAR TERMINALS119.35115.60121.1026-Mar-18KESORAM INDS.106.50103.50104.9526-Mar-18KIRL. ELECTRIC26.6526.6527.7011-May-18KSK ENERGY VEN.5.735.735.9911-May-18LAKSHMI ENERGY15.0015.0015.9011-May-18LOVABLE LINGERIE161.05160.00160.1509-May-18MANDHANA RETAIL73.9073.2575.0011-May-18MARKSANS PHARMA27.5025.2528.7011-May-18MAWANA SUGARS35.0034.6036.0511-May-18MERCATOR25.1024.9525.0026-Apr-18NARAYANA HRUDAYA260.00259.00261.0019-Apr-18NITIN SPINNERS91.6591.2092.5512-Mar-18ORIENTAL BANK82.7581.0081.2511-May-18PATEL ENGG.54.5054.2556.2511-May-18PTC INDIA FIN21.8021.4523.7503-Apr-18PUNJ LLOYD15.1015.0015.5011-May-18RANE ENGINE VAL.476.00450.55472.0520-Mar-18RELIANCE CAPITAL388.00386.00394.3523-Mar-18RELIANCE NAV.ENG14.4514.0016.3011-May-18RELIANCE POWER33.4533.1034.6003-May-18RSWM LTD276.15276.00280.0011-May-18RUCHI SOYA INDS.11.2510.8511.3003-May-18S CHAND & COMPAN375.00373.65377.6023-Mar-18SRI ADHIK. BROS.13.2013.2013.4524-Nov-17TALWAL.BETTER50.7050.7053.3511-May-18TV VISION11.5911.2811.4011-May-18UCO BANK18.3018.0518.5011-May-18UFLEX301.95295.20311.0023-Mar-18UGAR SUGAR WORKS13.8013.7514.3511-May-18UTTAM SUG.MILLS74.3574.3579.0011-May-18VAKRANGEE63.2063.2066.5011-May-18Z F STEERING1019.95995.001000.0028-Mar-18

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Sensex

Company Price Gain (%)
Hind. Unilever1,604.102.22
Kotak Mah. Bank1,294.251.99
ITC282.151.13
IndusInd Bank1,926.200.68
TCS3,502.350.28

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