BSE Smallcap index falls 1.5%; Indiabulls Ventures, Graphite India stocks slip

The BSE Midcap index also declined 1.5% to 13,452.5.

Feb 11, 2019 09:02 IST India Infoline News Service

Stock Market Crash
The BSE Smallcap index was down over 1.5% on Monday to trade near its 52-week low. The BSE Midcap index also declined 1.5% to 13,452.5.

Furthermore, Graphite India, Hindustan Copper, Himatsingka Seide, LT Foods, MMTC, Tata Coffee, Uflex, VST Tillers Tractors, Andhra Bank, and Dena Bank hit their 52-week lows on the BSE in intraday trade.

Graphite Indian, Thyrocare, Nandan Denim, KRBL, VIP Industries, and Shalimar Paints dropped after posting poor Q3FY19 numbers.

Thyrocare’s PAT declined 6.9% yoy to Rs20cr in Q3FY19 vs. Rs21.5cr in Q3FY18. The decline in margins can be attributed to higher other expenses, which grew 33.3% yoy to Rs24.4cr in Q3FY19.

Shares of Graphite India hit the 10% lower circuit and were trading at a 52-week low on the BSE post its Q3FY19 numbers. The stock hit a 14-month low and was trading its lowest level since October 26, 2017, post Q3FY19 numbers. Read more

Meanwhile, the Sensex dropped 201 points to 36,345, while the Nifty was down 69 points at 10,875. The market breadth was negative with 497 shares advancing, 1,258 shares declining, and 328 remaining unchanged.*

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