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BSE Smallcap index nears one-year low; 130 stocks hit 52-week lows

SI Reporter/Mumbai 11 Feb 19 | 12:20 PM

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The S&P BSE Smallcap index was trading 1.5 per cent down at 13,455levels on Monday, near its 52-week low, on the back of strong correction in paper, graphite electrodes, consumer discretionary goods & services, metals, pharmaceutical and real estate stocks after reporting weak financial results for December quarter of FY19.

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The BSE SmallCap index is just 58 points away from its 52-week low of 13,397 touched on October 9, 2018 in the intra-day trade. In the past one month, the small index slipped 8 per cent, as compared to a 7 per cent decline in the S&P BSE MidCap and 1 per cent gain in the benchmark S&P BSE Sensex.

As many as 130 stocks out of 865 stocks from S&P BSE Smallcap index hit 52-week lows on the BSE in intra-day trade today. The list includes Graphite India, Hindustan Copper, Himatsingka Seide, LT Foods, MMTC, Tata Coffee, Uflex, VST Tillers Tractors, Andhra Bank and Dena Bank.

Graphite India, NACL Industries, Mirza International, PC Jeweller, Thyrocare, Nadan Denim, KRBL, VIP Industries and Shalimar Paints were down more than 7 per cent each today, after posting a weak set of numbers for the quarter ended December 2018 (Q3FY19).

NACL Industries, the top loser among index, slipped 12 per cent at Rs 29.55, after the company reported 28 per cent fall in operating profit at Rs 9.55 crore in Q3FY19. Ebitda (earnings before interest, taxation, depreciation and ammortisation) margin declined to 4.88 per cent from 7.2 per cent.

The company said reduction in the margins was mainly on account of lower volumes of domestic sales coupled with higher input costs and inadequate availability of raw-materials. The raw-material supply from China continues to be an area of concern, it added.

Shares of Graphite India hit a 14-month low of Rs 436, down 10 per cent on Monday, extending its 6 per cent decline in the past two trading days on BSE, after reporting subdued results for Q3FY19.

Graphite India reported a consolidated net profit of Rs 764 crore (up 113 per cent YoY, down 31 per cent QoQ). Revenue was at Rs 1,855 crore (up 81 per cent YoY, down 21 per cent QoQ). Ebitda (earnings before interest, taxation, depreciation and ammortisation) margin was down 100 basis points, sequentially at 62 per cent.

The performance during the quarter was impacted by higher-than-expected operating costs (especially needle coke) and lower-than-expected volumes. Graphite India said the price realisation have remained flat while volumes declined from last quarter. The increase in needle coke costs has impacted margins.

Meanwhile, a total of 504 companies, excluding banks and financials, from the smallcap index have, thus far, announced their Q3FY19 results so far. They have posted a 25 per cent decline in the aggregate net profit as the combined net profit of these 504 firms stood at Rs 11,118 crore in Q3FY19 against Rs 14,818 crore in Q3FY18.

COMPANYLATEST52 WK LOWPREV LOWPREV DATEABAN OFFSHORE48.8548.3549.9506-Feb-19ALPHAGEO (INDIA)418.10418.10427.0008-Feb-19ANDHRA BANK23.8023.6523.9006-Feb-19ANSAL PROPERTIES9.899.609.6007-Feb-19APEX FROZEN288.90283.35292.9529-Jan-19APOLLO PIPES370.00368.00371.2506-Feb-19ARCOTECH LTD4.624.544.6408-Feb-19ASHAPURA INTI.14.8014.0514.6508-Feb-19ASHIANA HOUSING106.40104.25104.3008-Feb-19ASTRA MICROWAVE72.5071.9573.4006-Feb-19ATLANTA14.0014.0014.7008-Feb-19BALAJI AMINES388.00386.65389.0007-Feb-19BALASORE ALLOYS22.6522.5022.5008-Feb-19BALMER LAWRIE174.75174.05174.9008-Feb-19BF INVESTMENT183.40183.30192.6508-Feb-19BF UTILITIES167.25166.10171.3508-Feb-19BOMBAY RAYON6.086.086.4008-Feb-19C P C L216.90213.15219.2508-Feb-19CENTRUM CAPITAL29.6029.6030.0001-Oct-18CEREBRA INTEGR.27.0022.5524.7510-Dec-18CLARIANT CHEMICA379.10370.00371.2508-Feb-19COCHIN SHIPYARD355.25347.25351.6007-Feb-19COSMO FILMS180.00178.10178.2006-Feb-19DATAMATICS GLOB.92.1590.4090.7006-Feb-19DCW13.7513.1513.3506-Feb-19DENA BANK11.1611.0011.0014-Jan-19FUTURE MARKET39.3038.3040.0008-Feb-19G M D C77.4577.2077.9008-Feb-19GALAXY SURFACT.1018.101002.001019.6008-Feb-19GEOJIT FIN. SER.34.0533.0534.0506-Feb-19GNA AXLES298.00295.00307.0009-Oct-18GPT INFRAPROJECT41.8041.8044.0008-Feb-19GRAPHITE INDIA439.50436.00459.3029-Jan-19GUFIC BIOSCIENCE75.9574.0576.8007-Feb-19GUJ PIPAVAV PORT80.5580.0081.1508-Feb-19GVK POWER INFRA.5.535.315.4105-Feb-19HBL POWER SYSTEM23.5523.2523.6006-Feb-19HCL INFOSYSTEMS16.3515.9016.3006-Feb-19HIMATSING. SEIDE174.60171.00178.3006-Feb-19HIND.COPPER43.2043.0043.5006-Feb-19HINDUJA VENTURES340.00336.00340.2508-Feb-19HOV SERVICES131.95112.00127.4506-Feb-19HUBTOWN33.6533.5034.5508-Feb-19HUHTAMAKI PPL159.90157.60162.5008-Feb-19I G PETROCHEMS237.95232.00246.2508-Feb-19I T D C261.10260.00260.0008-Feb-19IGARASHI MOTORS468.25454.20465.0008-Feb-19IL&FS ENGG.8.358.358.7808-Feb-19IL&FS TRANSPORT5.425.325.5908-Feb-19INDIA GLYCOLS242.70239.15250.0004-Feb-19INDO COUNT INDS.38.9038.1539.4006-Feb-19INDRAPR.MEDICAL37.2037.0037.0028-Jan-19INEOS STYROLUT.599.55588.50590.0008-Feb-19JAGRAN PRAKASHAN96.0096.0096.0006-Feb-19JAMNA AUTO INDS.51.2050.8052.0008-Feb-19JBF INDS.13.3013.3014.0008-Feb-19JINDAL DRILLING97.2097.2098.9508-Feb-19JK AGRI GENETICS646.95621.10630.0007-Feb-19KISAN MOULDINGS60.0056.0056.0005-Nov-18KITEX GARMENTS97.4097.0597.2506-Feb-19KRIDHAN INFRA31.8030.8531.5007-Feb-19KSB672.00601.30652.5005-Feb-19KSE1430.001420.151425.0008-Feb-19KWALITY4.824.825.0708-Feb-19L T FOODS33.8533.8034.5008-Feb-19LAURUS LABS330.00325.00330.3026-Oct-18LEEL ELECTRICALS21.4521.4521.8007-Feb-19MANGALORE CHEM.32.0031.6533.1008-Feb-19MAX VENTURES43.2541.7042.1508-Feb-19MCLEOD RUSSEL93.2092.2094.5001-Feb-19MEP INFRAST.36.6035.7036.2008-Feb-19MIRC ELECTRONICS22.0021.1021.1510-Dec-18MIRZA INTERNATIO60.5559.7566.5007-Feb-19MMTC24.2023.8524.0509-Oct-18MUKAND46.3546.3546.5006-Feb-19N R AGARWAL INDS299.15299.15305.4529-Jan-19NAGARJUNA FERT.6.326.306.4007-Feb-19NAHAR INDL. ENT.42.8540.7043.0008-Feb-19NATH BIO-GENES339.95327.60332.9508-Oct-18NAVKAR CORPORAT.41.1541.0041.3507-Dec-18NETWRK.18 MEDIA33.8033.6534.2508-Feb-19NOCIL122.85121.50122.1005-Feb-19NUCLEUS SOFT.329.85329.85330.6005-Jun-18ORIENT GREEN3.853.753.7608-Feb-19OSWAL GREEN TECH13.6013.5013.5006-Feb-19PENNAR INDS.35.0033.8534.0009-Oct-18PPAP AUTOMOTIVE266.90262.95273.0008-Feb-19PRICOL LTD37.0536.1537.2008-Feb-19PUNJ LLOYD1.811.811.9008-Feb-19RAMCO SYSTEMS208.95200.00211.5008-Feb-19RATTANINDIA INFR2.872.632.8116-Nov-18RICO AUTO INDS59.9559.9560.1530-Jan-19ROLTA INDIA3.813.653.7908-Feb-19RUCHIRA PAPERS100.25100.20101.1029-Jan-19SADBHAV ENGG.183.95181.25182.1508-Feb-19SASKEN TECHNOL.600.00599.85606.1006-Feb-19SHIVA TEXYARN162.00162.00164.0029-Jan-19SHIVAM AUTOTECH31.7531.5532.3508-Feb-19SITI NETWORKS4.374.374.5908-Feb-19SML ISUZU566.00547.00559.1006-Feb-19SML ISUZU566.00547.00559.1006-Feb-19SOM DISTILLERIES129.90128.25137.0007-Feb-19SPML INFRA28.2028.2029.0031-Jan-19SQS INDIA BFSI430.000.00379.0024-Oct-18STERLING TOOLS284.00282.00305.0511-Oct-18SUDARSHAN CHEM.295.90291.10300.2019-Oct-18SUNDARAM CLAYTON2643.452640.002650.0006-Feb-19SUNFLAG IRON41.0540.7541.1008-Feb-19SUTLEJ TEXTILES35.4035.4036.5007-Feb-19SWELECT ENERGY211.10211.10215.1508-Feb-19T N NEWSPRINT202.50201.40204.0006-Feb-19T.V. TODAY NETW.316.65313.20326.6006-Feb-19TAKE SOLUTIONS127.15123.65127.2008-Feb-19TATA COFFEE84.4084.0084.2006-Feb-19THE BYKE HOSPI.29.4528.9029.7008-Feb-19THYROCARE TECH.497.05496.15519.8531-Dec-18TIL215.85209.00222.5005-Feb-19TIME TECHNOPLAST78.0077.9582.0008-Feb-19TINPLATE CO.128.20127.10129.0006-Feb-19TITAGARH WAGONS59.7559.6061.1008-Feb-19UDAIPUR CEMENT11.8511.6012.0006-Feb-19UFLEX241.65240.50242.7508-Feb-19UNITECH1.151.151.2008-Feb-19VASCON ENGINEERS13.5513.5013.7007-Feb-19VISAKA INDS.340.25333.50357.5531-Jan-19VST TILL. TRACT.1509.001475.001480.0008-Feb-19WALCHAN. INDS.77.4577.0078.9508-Feb-19WELSPUN ENTERP88.6088.2090.0508-Feb-19WIM PLAST612.50602.00605.0506-Feb-19ZUARI AGRO CHEM.191.45191.25192.4008-Feb-19

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