Moneycontrol
Aug 25, 2015 09:59 AM IST | Source: Moneycontrol.com

Market crash: 12 stocks that took it on the chin in 2015

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.

Market crash: 12 stocks that took it on the chin in 2015
Moneycontrol Bureau

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.

We went back to the start of the year to find out six large and midcap stocks that have fallen the most. As a rule, any stock with a market-capitalization of over Rs 10,000 crore was considered a largecap (though the large decline has turned several largecap stocks into midcap ones).

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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