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20 Of 100 CNX Mid Cap Stocks Hit 52-Week Lows
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Even as the Sensex has hit a new 19-month low, touching its lowest levels since June 2, 2014, the selling spree has spread across to the midcap stocks.
In fact, mid cap stocks until a few weeks back, managed to show a fair bit of resilience, but, capitulation has begun. Take a look at stocks from the mid cap space that have hit fresh 52-week lows:
Name | 52-week low |
Container Corporation | Rs 1,198.50 |
Bank of India | Rs 91.20 |
Union Bank of India | Rs 108.15 |
NMDC | RS 84 |
Exide Industries | Rs 130.35 |
L&T Finance Holdings | Rs 55.55 |
SAIL | Rs 40.35 |
Power Finance | Rs 161 |
Canara Bank | Rs 171.80 |
Apollo Tyres | Rs 129.40 |
South Indian Bank | Rs 17.90 |
Sintex | Rs 70.25 |
ABB | RS 991 |
Jubilant foodworks | Rs 1,555 |
Thermax | Rs 813 |
DCB | Rs 73.55 |
Procter and Gamble | Rs 5444 |
The small and the midcap space has lost heavy ground in the last one week, as investors continued to worry that margin calls in certain shares may get triggered.
The battering in midcap stocks is so severe that select stocks like Reliance Capital plunged 7 per cent, while Adani Power is down a huge 6 per cent in trade on Monday.
Analysts had warned that midcap and small cap stocks had run-up too fast and there maybe further downside risk to these stocks.
GoodReturns.in
Story first published: Tuesday, January 19, 2016, 8:38 [IST]