
Smallcap decimation at play as 145 stocks lose between 25-66% in February. How worse it's going to get?
Concerns over high valuations continued to weigh on small and midcap stocks and there were signs of panic selling. Consider this: About 95% or 892 smallcaps failed to deliver a return excess of 1%. Meanwhile, as many as 685 stocks saw double-digit declines.
Suratwala Business lost the most during the month after it wiped out nearly 66%. It was followed by Best Agrolife (-50%), WPIL (-45%), Precision Camshafts (-44%), Vakrangee (-42%) and Oriental Rail Infrastructure (-42%).
In the BSE500 pack, over 50% of the stocks fell in double-digits. Ircon International, Natco Pharma, Mahindra Logistics, Sonata Software, NCC were among the top losers.
The country's bluechip stocks weren't spared from the crash in February as 25 out of 30 stocks in the Sensex delivered negative returns. 12 of them declined in double-digits with Power Grid, TCS, M&M and Tata Motors experiencing severe cuts.
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