Sudden carnage in select mid caps scare markets

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, February 25, 2013, 12:50 [IST]

Huge selling pressure in select mid caps saw their share prices plunging in trade today, frightening operators and investors alike.

Shares of Eros International was down 13 per cent, while ABG Shipyard was down 20 per cent, while DB Realty was down 10 per cent Aanjaneya Lifecare was down 20 per cent, Core Education down 61 per cent, Opto Circuits 15 per cent, Welspun Corporation down 26 per cent.

There were fears that pledged shares of promoters may have been sold in the markets, though in a company like Eros there is no pledged shares.

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