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Stocks that dropped over 20% in last 30 days

Indian stock market has witnessed downward trend in the past one month (January 25 – February 23, 2018). Following is the list of the stocks from BSE 500 that have fallen sharply in the past one month.

Indian stock market has witnessed a downward trend in the past one month (January 25 – February 23, 2018). Nifty 50 and Sensex slumped ~578 points and 1,908 points respectively over the same period.

As per Government’s recapitalization plan of infusing Rs88,139cr capital in 20 public sector banks before March 31, 2018, higher allocation was given to weaker banks, while lesser to healthier banks. This was opposite to the market expectations, as per the media reports, and hurt the broader market sentiment.

Introduction of long term capital gain tac (LTCG) on equity gains above Rs1lakh @ 10%, revision of fiscal deficit target for FY2018-19 to 3.3% of the GDP vs. earlier target of 3% has affected the market performance. Rising bond yields and RBI’s increased inflation target (to 5.1%) for the fourth quarter also created panic in the Indian markets.

The icing on the cake was PNB’s confirmation of Rs11,600cr fraud against jeweller Nirav Modi. The default loan case against Vikram Kothari of Rotomac group for ~Rs3,600cr filed by state run bank also dragged the market performance.

Below is the list of the stocks from BSE 500 that have fallen sharply in the past one month.