Shares of small-sized companies are continuously under selling pressure on the Bombay Stock Exchange (BSE) as the small-cap index touched a 52-week low today amid panic selling on speculations of sale of pledged shares.
Jindal Cotex, Rushil Décor, Gravita India and Plethico Pharma have locked in lower circuit of 10% and Aanjaneya Lifecare and Sudar Industries have frozen maximum 5% of down limit with no buyers on these counters in past couple of days. All these stocks have fallen 45-56% on BSE.
The BSE Small-cap index trading lower by 2% or 114 points till 1356 hours today, underperforming the market by falling 7.31% in past six trading sessions compared to 2.2% drop in benchmark Sensex.
Market experts attributed the decline to operators dumping the stocks and the fact that financers liquidated the shares pledged with them by operators due to margin calls getting triggered on their other positions, media report suggests.
Meanwhile, the Business Standard report suggests that the market regulator Sebi is probing trading patterns of over 50 'portfolio stocks', which are suspected of having been frequently used by market operators for manipulative activities in the past.
Among the individual stocks, Aanjaneya Lifecare has tanked 56% in past six trading sessions to Rs 316 from Rs 712 on February 22 on BSE. Sudar Industries and Jindal Cotel too, plunged by 56% each at Rs 65.60 and Rs 25.10 respectively.
Titagarh Wagons, Hindustan Oil Exploration, United Brew Holdings, Kingfisher Airlines and Shri Lakshmi Cotsyn are among notable stocks down between 20-35% during the period.
Jindal Cotex, Rushil Décor, Gravita India and Plethico Pharma have locked in lower circuit of 10% and Aanjaneya Lifecare and Sudar Industries have frozen maximum 5% of down limit with no buyers on these counters in past couple of days. All these stocks have fallen 45-56% on BSE.
The BSE Small-cap index trading lower by 2% or 114 points till 1356 hours today, underperforming the market by falling 7.31% in past six trading sessions compared to 2.2% drop in benchmark Sensex.
Market experts attributed the decline to operators dumping the stocks and the fact that financers liquidated the shares pledged with them by operators due to margin calls getting triggered on their other positions, media report suggests.
Meanwhile, the Business Standard report suggests that the market regulator Sebi is probing trading patterns of over 50 'portfolio stocks', which are suspected of having been frequently used by market operators for manipulative activities in the past.
Among the individual stocks, Aanjaneya Lifecare has tanked 56% in past six trading sessions to Rs 316 from Rs 712 on February 22 on BSE. Sudar Industries and Jindal Cotel too, plunged by 56% each at Rs 65.60 and Rs 25.10 respectively.
Titagarh Wagons, Hindustan Oil Exploration, United Brew Holdings, Kingfisher Airlines and Shri Lakshmi Cotsyn are among notable stocks down between 20-35% during the period.
