Stocks Crash: The month of November proved to be very bad for investors of many midcap and smallcap companies. Amidst the stock market turmoil and sectoral pressure, there was a huge fall in the shares of five companies ranging from 31% to 56%. Due to weak quarterly results, slowdown in the sector and weak investor sentiment, these stocks registered a big fall.
1. Mangalam Drugs and Organics
During the month of November, the shares of Mangalam Drugs and Organics saw a sharp fall of 56.68 percent. On Friday, November 28, its shares closed at Rs 27.93 on NSE with a decline of 5.03 per cent. It is a small company in the pharma sector. Its current market cap is only Rs 44.21 crore.
Magellanic Cloud shares declined 45.49% during the month of November. On Friday, November 28, its shares closed at Rs 29.93 on NSE with a decline of 10.01 per cent. It is a small company doing business in the IT sector. Its current market cap is just Rs 1,749.09 crore.
3. Stallion India Fluorochemicals
Stallion India shares witnessed a sharp fall of 41.64% during the month of November. On Friday, November 28, its shares closed at Rs 168.95 on NSE with a decline of 5 per cent. This company does business in the field of industrial gas. Its current market cap is Rs 1,340.20 crore.
4. Navkar Urbanstructure
Shares of this realty company declined by 35.48% during the month of November. On Friday, November 28, its shares closed at Rs 1.60 on NSE with a decline of 5.33 per cent. The current market cap of the company is Rs 179.53 crore.
5. Owais Metal
Shares of Owais Metal declined by 31.86% during the month of November. On Friday, November 28, its shares closed at Rs 26.95 on NSE, down 7.65 per cent. It is a small company in the metal sector, which does business in the field of ferro and silica manganese. Its current market cap is Rs 591.20 crore.
Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. Moneycontrol advises users to consult certified experts before taking any investment decision.