Midcap and Smallcap stocks down;24 stocks freeze at lower circuits
Published On: Tuesday, August 10, 2021 | By: Team KnowMyStock
Today (10th August 2021) shares of mid and small-cap companies came under pressure, falling by up to 18 percent on the BSE amid profit booking. At 02:04 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 1 percent and 2 percent, respectively. In comparison, the benchmark S&P BSE Sensex was up 0.23 percent at 54,527 points. With today's fall, mid-and small-cap indices have corrected 3.3 percent and 4.6 percent, respectively from their respective all-time highs touched on August 4, 2021. Prior to that, the S&P BSE Midcap index had rallied 29 percent, and the S&P BSE Smallcap index had zoomed 48 percent in the calendar year 2021.
Individually, JSW Energy from the mid-cap segment while Tata Steel Long Products, Himatsingka Seide, Hindustan Oil Exploration Company, Trident, Neuland Laboratories, Praj Industries, Somany Ceramics, Godawari Power & Ispat and TVS Electronics were among the 23-small-cap stocks that were locked in their respective lower circuit bands on the BSE.
Despite the past few days' correction, JSW Energy, Datamatics Global Services, Steel Strips Wheels, GNA Axles, Sanghi Industries, Inox Wind, Indo Count Industries and Hindustan Oil Exploration have rallied between 30 per cent and 46 per cent in the past one month.
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