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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.

20 Of 100 CNX Mid Cap Stocks Hit 52-Week Lows
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

Read more about: mid cap sintex nmdc union bank
Story first published: Tuesday, January 19, 2016, 8:38 [IST]
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