67 stocks from BSE smallcap index fall more than 50% in 2018

Gitanjali Gems, Bombay Rayon, Diamond Power Infra, Jaypee Infratech, GTL Infra, IVRCL, PC Jeweller, Reliance Naval and KSK Energy have plunged between 70% and 90% thus far in 2018.

Shares of smallcap companies continue to be under pressure with the S&P BSE Smallcap index falling for the sixth straight trading day on the BSE.

At 10:43 am; the S&P BSE Smallcap index was down 1.7% at 16,340, as compared to 0.89% decline in the S&P BSE Midcap and 0.27% fall in the S&P BSE Sensex. In past six trading days, the smallcap index slipped 6% against a 3% decline in midcap and 1% fall in the benchmark index.

Thus far in the calendar year 2018 (CY18), the smallcap index tanked 15% as compared to 12% fall in