BSE SmallCap index hits 52-week low

LEEL Electricals, RCom, Siti Networks, IL&FS Transport Network, Punj Lloyd, The Byke Hospitality and Rolta India have tanked more than 50% thus far in the current calendar year 2019.

The S&P BSE SmallCap index hit a 52-week low of 13,390 on Tuesday, on the back of sharp decline in fertiliser, graphite electrode, paper and auto ancillary stocks after they reported a weak set of numbers for the quarter ended December 2018 (Q3FY19).

The index has fallen below its previous low of 13,397 touched on October 9, 2018, in the intra-day trade. With today’s fall, the small index slipped 28 per cent from its 52-week high level of 18,672 on February 14, 2018. In comparison, the S&P MidCap index and the benchmark index S&P BSE Sensex were down 17 per