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These stocks corrected most in January market correction

Geyatee Deshpande
/ Categories: Mindshare, DSIJ News
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These stocks corrected most in January market correction

A much-needed correction was witnessed in the markets in the past few sessions where Sensex corrected a little more than 1,000 points since January 14. While Sensex corrected by nearly 2 per cent, as many as 24 stocks across market capitalisation corrected by more than 10 per cent from January 14 to January 18.  

Some of the recognised names such as L&T Technology, Mastek and 5Paisa capital featured in the list of stocks that have corrected by more than 10 per cent since January 14.  

Even though the market may be in an overbought zone in the near term, the medium-term trend remains bullish and buying on dips become a recommended strategy.  

Following is the list of stocks that corrected by more than 10 per cent since January 14:  

Company Name

Sector

Market Cap (Rs Crore)

Returns from January 14,2021 to January 18,2021 (per cent)

Hanman Fit Ltd.

Hospitality

2.13

-18.47

Pee Cee Cosma Sope Ltd.

FMCG

27.43

-14.62

SVP Global Ventures Ltd.

Trading

998.72

-14.6

Mastek Ltd.

IT

2883.41

-13.41

Sagar Diamonds Ltd.

Diamond &  Jewellery

12.33

-12.95

Swasti Vinayaka Art & Heritage Corporation Ltd.

Miscellaneous

16.4

-12.77

Rajoo Engineers Ltd.

Capital Goods

132.6

-12.72

Reliance Chemotex Industries Ltd.

Textile

61.29

-12.26

Deccan Health Care Ltd.

Healthcare

41.25

-12.21

Tribhovandas Bhimji Zaveri Ltd.

Diamond &  Jewellery

470.12

-11.88

5Paisa Capital Ltd.

Finance

737.83

-11.78

Dishman Carbogen Amcis Ltd.

Healthcare

2180.07

-11.69

L&T Technology Services Ltd.

Capital Goods

24947.23

-11.51

Tokyo Plast International Ltd.

Plastic Products

68.98

-11.25

Orient Beverages Ltd.

FMCG

15.44

-11.24

Modulex Construction Technologies Ltd.

Capital Goods

36.17

-11.21

HBL Power Systems Ltd.

Automobile & Ancillaries

911.97

-11.2

Onward Technologies Ltd.

IT

150.56

-11.18

Kaya Ltd.

Healthcare

426.67

-10.81

Menon Pistons Ltd.

Automobile & Ancillaries

96.13

-10.24

Baid Leasing & Finance Company Ltd.

Finance

39.56

-10.22

Orient Abrasives Ltd.

Capital Goods

300.89

-10.18

SORIL Infra Resources Ltd.

Retailing

384.93

-10.08

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