Introduction:
While the broad market in the smallcap space has posted quite a growth in the current year, some of the stocks in the category have fallen sharply and provoked investors. Some of the stocks below have in 2024 plummeted to as low as 70%. Here we will look at the ten firms that have recorded the highest realized loss and the general performance of the smallcap market.
Significant Declines in Smallcap Stocks:
Smallcap stocks are often more volatile than midcap stocks, though many of them have performed better than their midcap counterparts in 2024; some of the smallcap counters are 'dragging the boot', in terms of performance, the S&P BSE Smallcap index. Most of the stocks mentioned above been tremendously pulled down their prices ranging from 51% to 69% as shown below: Sanmit Infra, MK Proteins, Cressanda Solutions, etc. Currently, these stocks are at ₹12, ₹10 and ₹15 respectively as on the above said date of balance sheet.
Other Affected Companies:
Some of the other recognizeable players in the same space that have seen their prices come down 12 % to 50% this year include Fusion Microfinance, Spandana Sphoorty Financial, Tatva Chintan Pharma, Coffee Day Enterprises, Sai Silks, Shalimar Paints, VIP Industries, Ujjivan Small Finance Bank and Zee Media Corporation.
Ongoing Corrections:
Information compiled by Trendly said of 278 ranked smallcap stocks, 135 are in corrections for more than a year now. Some of the companies of NBFCs and Microinance include Fusion Microfinance, Spandana Sphoorty, Coffee Day Enterprise, Shalimar Paints, and Ujjivan Small Finance bank which have fallen between 11% to 48% in 2024. In contrary, APL Industries and Zee Media Corporation showed the returns that have reached 72% and 10% over the last year with declined in 2024.
The Smallcap Segment's Strong Uptrend:
However, on the bright side, the PC smallcap index has climbed up steadily for the past one year. Taking small cap into consideration the S&P BSE Smallcap index posted an increase of 55 percent while the S&P BSE Sensex index had an increase of approximately 24 percent for the same time period.
Top Performing Smallcap Stocks:
Notably, out of the fifty odd companies in the BSE Smallcap Index, many have elaborated multibagger returns. Some of them are Cochin Shipyard Limited, Force Motors Limited, GE T&D India Limited, Godfrey Phillips India Limited, Inox Wind Energy Ltd, Jubilant Industries Ltd, Rail Vikas Nigam Ltd, Balu Forge Industries limited, Suzlon energy Ltd and Shakti Pumps india limited among others.
related content : IREDA Share rises 10 %
Conclusion:
Yet, the fact remains that the smallcap stocks have strengthened their position throughout the year and it is imperative to mention the steep declines of some of the stocks in 2024. Smallcap stocks should be treated with some caution and any decision regarding such stocks should be taken with the help of a financial advisor.
Disclaimer: This article contains the public information only and as such does not contain any investment advice. It is wise to consult an expert before investment as it will help minimize the risk that an individual is willing to take.(alert-warning)
Meta Description:
Find out which smallcap stocks were most adversely affected in 2024 which some even declined by as much as 70%. Get to know the affected companies as well as the trends in the market today. (alert-success)
