These stocks corrected most in January market correction
A much-needed correction was witnessed in the markets in the past few sessions where Sensex corrected a little more than 1,000 points since January 14. While Sensex corrected by nearly 2 per cent, as many as 24 stocks across market capitalisation corrected by more than 10 per cent from January 14 to January 18.
Some of the recognised names such as L&T Technology, Mastek and 5Paisa capital featured in the list of stocks that have corrected by more than 10 per cent since January 14.
Even though the market may be in an overbought zone in the near term, the medium-term trend remains bullish and buying on dips become a recommended strategy.
Following is the list of stocks that corrected by more than 10 per cent since January 14:
|
Company Name
|
Sector
|
Market Cap (Rs Crore)
|
Returns from January 14,2021 to January 18,2021 (per cent)
|
|
Hanman Fit Ltd.
|
Hospitality
|
2.13
|
-18.47
|
|
Pee Cee Cosma Sope Ltd.
|
FMCG
|
27.43
|
-14.62
|
|
SVP Global Ventures Ltd.
|
Trading
|
998.72
|
-14.6
|
|
Mastek Ltd.
|
IT
|
2883.41
|
-13.41
|
|
Sagar Diamonds Ltd.
|
Diamond & Jewellery
|
12.33
|
-12.95
|
|
Swasti Vinayaka Art & Heritage Corporation Ltd.
|
Miscellaneous
|
16.4
|
-12.77
|
|
Rajoo Engineers Ltd.
|
Capital Goods
|
132.6
|
-12.72
|
|
Reliance Chemotex Industries Ltd.
|
Textile
|
61.29
|
-12.26
|
|
Deccan Health Care Ltd.
|
Healthcare
|
41.25
|
-12.21
|
|
Tribhovandas Bhimji Zaveri Ltd.
|
Diamond & Jewellery
|
470.12
|
-11.88
|
|
5Paisa Capital Ltd.
|
Finance
|
737.83
|
-11.78
|
|
Dishman Carbogen Amcis Ltd.
|
Healthcare
|
2180.07
|
-11.69
|
|
L&T Technology Services Ltd.
|
Capital Goods
|
24947.23
|
-11.51
|
|
Tokyo Plast International Ltd.
|
Plastic Products
|
68.98
|
-11.25
|
|
Orient Beverages Ltd.
|
FMCG
|
15.44
|
-11.24
|
|
Modulex Construction Technologies Ltd.
|
Capital Goods
|
36.17
|
-11.21
|
|
HBL Power Systems Ltd.
|
Automobile & Ancillaries
|
911.97
|
-11.2
|
|
Onward Technologies Ltd.
|
IT
|
150.56
|
-11.18
|
|
Kaya Ltd.
|
Healthcare
|
426.67
|
-10.81
|
|
Menon Pistons Ltd.
|
Automobile & Ancillaries
|
96.13
|
-10.24
|
|
Baid Leasing & Finance Company Ltd.
|
Finance
|
39.56
|
-10.22
|
|
Orient Abrasives Ltd.
|
Capital Goods
|
300.89
|
-10.18
|
|
SORIL Infra Resources Ltd.
|
Retailing
|
384.93
|
-10.08
|