Top 5 mid cap companies that corrected

In the past week, the BSE Sensex index has fallen by 2.7 per cent, that is, by almost 1,000 points. The small-cap and mid-cap companies faced most of the heat.

The BSE Midcap index closed at 14,939.22 on January 21 and plunged by 3.2 per cent within one week and closed at 14,468.09 on January 29. We have considered top five companies having market cap between Rs. 1,000 to Rs. 10,000, which have corrected the most in the above mentioned period.



KPIT Technologies demerged its engineering segment into a separate entity named KPIT Engineering. The record date fixed for the same was January 24. Since that day, the company is trading ex-demerger. On that day itself, the stock plunged by s~40 per cent.

HEG and Graphite corrected majorly owing to concerns related to the removal of anti-dumping duty during 2018 and rising imports from China. Also, both the companies have stopped the exports to Iran from Q3FY19 depending upon the exemptions from US sanctions. However, on Wednesday, both HEG and Graphite surged by ~10 per cent.

Dish TV, which is part of Essel Group, was hit when the news reports claimed that Essel Group had links to a company that was involved in fraud during demonetisation. The sharp decline in stock prices triggered the risk of the sale of pledged shares of the promoter group. However, post management’s clarification the stock recovered by ~12 per cent on Wednesday.

Dolat Investments too plunged despite the company reporting good numbers for Q3FY19. The dip in stock was led by the overall correction seen in the market in the last one week. On Wednesday, it recovered by 5 per cent.