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Top 10 downfalls of last 10 days

Raghav Bisani
/ Categories: Mindshare, Markets
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Top 10 downfalls of last 10 days

Here are the top 10 companies under BSE500 which reported the highest downfall in the past 10 days.

Company

Market Cap (in Cr.)

% downfall in last 10 days

TTM P/E

Adani Power

15,408

(17.39%)

-

Dish TV India

11,501

(15.56%)

137.87

JBF Industries

2,274

(14.79%)

-

Bajaj Hindusthan Sugar

1,468

(14.66%)

15.90

Reliance Power

13,464

(14.59%)

127.48

Balrampur Chini Mills

3,418

(14.31%)

5.00

Allcargo Logistics

4,146

(13.10%)

38.31

Hindustan Construction Co.

3,991

(12.75%)

72.74

Reliance Naval and Engineering

4,950

(12.67%)

-

Bombay Dyeing

1,714

(12.27%)

29.41

Source: Ace Equity

Adani Power declined by 17.39 per cent for the last 10 days on account of widening losses in its bottomline for Q3FY18. Company’s revenue declined by 10.8 per cent YoY to Rs. 4,844 cr. The loss for the quarter came in at Rs. 1,284 cr compared to loss of Rs.674cr in Q3FY17.

 

Dish TV witnessed a downfall due to lenders filing insolvency petition against certain entities of Videocon Group including its promoters. Dish and Videocon had announced merger where the transactions were about to be completed by December 2017. Dish TV is now evaluating whether there is any impact on its rights and obligations.

 

No material announcements have led to the downfall of JBF Industries, Allcargo Logistics, Balrampur Chini Mills, Hindustan Construction Company and Bombay Dyeing & Manufacturing Company, rather it was led by high volatility in the stock due to Q3 result announcement dates.

 

Bajaj Hindusthan Sugar reported 14.66 per cent decline post the filing of the shareholding pattern for Q3FY18. Promoter’s shareholding declined significantly by 26.02 to 15.43 per cent. This definitely raises questions on the promoter’s faith in the company.

 

The recent declines in power stocks had impacted BSE Power index led by a 14.59 per cent decline in Reliance Power. Reliance Naval and Engineering on the other side fell by 12.67% as IL&FS sold 94 lakh shares.



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