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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:

Name52-week low
Container CorporationRs 1,198.50
Bank of IndiaRs 91.20
Union Bank of IndiaRs 108.15
NMDCRS 84
Exide IndustriesRs 130.35
L&T Finance HoldingsRs 55.55
SAILRs 40.35
Power FinanceRs 161
Canara BankRs 171.80
Apollo TyresRs 129.40
South Indian BankRs 17.90
SintexRs 70.25
ABBRS 991
Jubilant foodworksRs 1,555
ThermaxRs 813
DCBRs 73.55
Procter and GambleRs 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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