From Electronics Mart to Minda Corp, these are some of the biggest losers in Thursday’s crash in Midcap and Smallcap stocks.
1 / 7The weekly options expiry for the Nifty contracts has not been a particularly pleasing one for the Midcap and Smallcap stocks. While the Nifty 50 is consolidating, the Midcap index is down close to 1,000 points, while the Smallcap index is down 2%. Over 90 stocks each in the Midcap and Samllcap indices are trading with losses. Let us take a look at the top losers within the broader markets:
2 / 7Prime Focus: The stock is the top loser on the BSE Smallcap index, trading with losses of over 10%. Volumes on the stock are 15% higher than its 20-day average. The stock has declined in five out of the last six trading sessions.
3 / 7Electronics Mart: After emerging as the top gainer on Wednesday, Electronics Mart has given up most of those gains in today’s session, having declined over 8%. The stock, for the first time since October 2022, which was when it listed on the bourses, has seen volumes in excess of 1 crore shares on two consecutive days.
4 / 7Minda Corp: The auto components manufacturer has declined as much as 7% on Thursday, its biggest fall in 10 weeks. The stock has declined in six out of the last seven trading sessions, with volumes that are double of its 20-day average.
5 / 7Mobikwik: The stock continues to extend losses, declining another 6% after its shareholder lock-in ended on Wednesday, post which the stock had declined 10%. The stock is now nearing its post-listing low of ₹227, having declined over 65% from its post-listing high of ₹698.
6 / 7Veranda Learning | The stock is down 5% in today’s trading session and has also declined in five out of the last six sessions. The stock is declining on volumes that are 90% higher than its 20-day average.
7 / 7Bharat Wire Ropes: Shares of the steel wire products declined 6% on Thursday, and have declined nearly 40% from their 52-week high of ₹300. This is the second day of losses for the stock. However, volumes here are 30% lower than its 20-day average.
