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25 August, 2015

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Market crash: 12 stocks that took Most Beating

With the Nifty falling nearly 500 points, or more than 6 percent, in a single day, it has marked the worst yet of a decline that started a few months ago.

Here is the List of Stocks (six large and midcap stocks) that have fallen the most Since 2015 beginning.

A lot of the stocks that have lost the most ground share characteristics: they belong to companies that are usually heavily-indebted, are in cyclical sectors that are yet to find any significant traction in the trudging-along economic recovery or are affected by the recent slump in crude prices.

Vedanta Loss: 56.8 percent The company's core businesses, metals and oil exploration, suffered a setback from weaknesses in prices globally. Additionally, the company has faced some resistance from investors over its proposed merger with subsidiary Cairn India.

Hindalco Loss: 45.72 percent The Aditya Birla Group company has faced headwinds from a six-year low in aluminium prices and cheaper imports.

Tata Steel Loss: 41.3 percent Concerns over the company's European operations as well as challenges in the Indian business in the face of discriminate Chinese steel dumping has weighed on the firm's share prices.

Cairn India Loss: 40.7 percent The Vedanta subsidiary has faced investor criticism with respect to the merger with its parent. As well, a major slump in crude prices has also weighed.

NMDC Loss: -37.3 percent State-run mining major NMDC faces the same pressures that peers in the mining

industry does: a major fall in commodity prices.

Tata Motors Loss: -32.6 percent Tata's local passenger vehicle business struggles the domestic commercial vehicles industry is yet to pick up significantly. To make things worse, iconic British subsidiary JLR faces a major slowdown in its key China market.

Jaiprakash Associates Loss: 61 percent The flagship company of one of India's most heavily indebted group, JP Associates has looked to sell a number of assets in order to pare its debt burden but it has failed to salvage its share price. Rumours about a debt payment default recently plummeted the stock in a major way.

Unitech Loss: 59.52 percent The real estate sector has been down in the doldrums, thanks to a combination of slow economic growth, high property prices and high interest costs that has brought transactions to near crawl. Particularly, Unitech has been hit hard by concerns over its own debt repayment abilities.

Jindal Steel & Power Loss: 63.3 percent Both the company's power and steel businesses have suffered in the economic downturn, with the latter also facing the ire of a global commodity slump. JSPL faced a further setback after the government cancelled two blocks that it had won in the coal auctions earlier this year amid suspicions of bid rigging. It has challenged the order in court.

Oriental Bank of Commerce Loss: 52.8 percent The PSU bank that has fallen the most, the entire sector has faced an acute non-performing asset (NPA) crisis even as of late, the government has taken a number of steps to boost the state banks.

Jaiprakash Power Ventures Loss: 46.2 percent Another Jaypee group company, JP Power has faced speculation over its debt repayment abilities and a stake sale programme has not yielded much.

NALCO Loss: 45.42 percent The major fall in aluminium prices has contributed to the company's share price fall.


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