Sensex up over 3% in 2018 but 17 stocks lost 50-90%, do you own any?
Most investors raised their exposure to the small and midcap space in anticipation of a similar moves in 2018, which failed to deliver in the last five months.
your stock selection, which might be tilted more towards small and midcap stocks.
The broader market did extremely well in 2017 as most multi-baggers belong to either the smallcap or midcap space. In anticipation of a similar move in 2018, most investors raised their exposure to the small and midcap space which failed to deliver in the last five months
The BSE Midcap and Smallcap indices slipped 11 percent each so far in 2018 compared to a 3.7 percent gain seen in the Sensex. The Nifty rose 1.57 percent in the same period.
Even quality stocks in the small and midcap space saw a sharp double-digit correction which led to huge losses in investor portfolios. Mutual funds with exposure to the small & midcap space too saw a sharp decline.
The index has been going through a period of correction recently, which led to the fall in the price of many small and midcap stocks. However, it should not alarm investors as those stocks had seen a fantastic rally when the index and frontline stocks were slowly marching ahead.
added that investors should evaluated each stock based on their fundamentals to make a judgment regarding their intrinsic value and growth potential.
As many as 372 stocks in the BSE 500 posted negative returns so far in 2018. Of the 372 stocks, 17 stocks fell 50-90 percent. These include: DCM Shriram, PTC India, Punjab National Bank, Bajaj Hindustan, Reliance Communications, Kwality, PC Jeweller, and Vakrangee.
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