Maya of stock market, 3 out of 4 small investors caught by Bear


new Delhi. Given the recent poor performance in global markets, a 7 per cent fall in the BSE Sensex from its 52-week high may not sound bad, but retail investors in India are worried.

35 stocks have fallen between 20 to 63 percent
Every three out of the four retail-heavy stocks in the BSE500 pack – mostly midcaps and smallcaps – have fallen over 20 per cent from their respective one-year highs. Altogether there are 47 BSE500 stocks where retail ownership was more than 20 per cent in the December quarter. Of these, 35 stocks have fallen between 20 and 63 per cent from their 52-week highs.

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Speaking to ET, Anirudh Naha, Head Equity, PGIM India Mutual Fund, said, “The correction in the largecap space has brought the valuations closer to the long term average and there are certainly good investment opportunities. But the spread of correction in the mid and smallcap space has been very diverse and hence there are company-specific opportunities in the midcap and smallcap space.”

63% drop in Sequent Scientific
Sequent Scientific has the highest drop of 63 percent. Drug maker Wockhardt is down 61 per cent from its one-year high. Bajaj Consumer Care has also declined by more than 50 per cent. The data shows that 25 out of 35 of these stocks have lost more than 30 per cent.

fall in these stocks
Indiabulls Housing Finance, Aarti Drugs, IOL Chemicals, PTC India and Indiabulls Real Estate have fallen between 43 per cent and 49 per cent. Venky’s (India), Jubilant Ingravia, Tata Metaliks, Balaji Amines, DCB Bank, NCC and NBCC (India) fell between 35 and 41 per cent.

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Stocks like City Union Bank, Procter & Gamble Health, Nocil, Rain Industries, Garware Technical Fibres, Greaves Cotton, Maharashtra Scooters, SpiceJet and Engineers India are down 30-34 per cent.

Tags: BSE Sensex, Share market, stock market


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