Moneycontrol Bureau
Year to date, more than 200 companies in the midcap universe have lost in the range of 1% to 87%. In the entire list of losers, 19 stocks have fallen over 50% (See table below).
Interestingly, GTL and GTL Infrastructure zoomed 40% and 20% respectively intra-day on debt restructuring news on Friday, are among the top losers of this year.
There were heightened expectations on Friday that the debt recast could eventually lead to proposal for the sale of their tower business. The noise has done little to lift the stocks from their lows; GTL and GTL Infrastructure have fallen 87% and 71% respectively year-to-date. [CNBC-TV18 reports]
| Company | Price on 03/01/2011 | Price as on 08/09/2011 | Change (%) |
| GTL | 416.65 | 52.7 | -87.3515 |
| KGN Industries | 212 | 28.85 | -86.3915 |
| GTL Infra | 43.05 | 12.57 | -70.8014 |
| D B Realty | 197.35 | 59.3 | -69.9519 |
| SpiceJet | 81.9 | 25.45 | -68.9255 |
| IVRCL | 133.9 | 45.85 | -65.758 |
| SKS Microfinance | 646.7 | 253.05 | -60.8706 |
| Jet Airways | 761.2 | 299.3 | -60.6805 |
| Jai Corp | 224.9 | 91.35 | -59.3819 |
| Guj NRE Coke | 69.3 | 28.35 | -59.0909 |
| Jindal Poly Film | 532.1 | 218.15 | -59.0021 |
| Educomp Sol. | 543.2 | 229.9 | -57.6767 |
| GVK Power Infra. | 41.6 | 17.85 | -57.0913 |
| NCC | 151.9 | 65.75 | -56.7149 |
| BEML Ltd | 1026.6 | 470.05 | -54.2129 |
| BGR Energy Sys. | 735.8 | 341.05 | -53.6491 |
| Sunteck Realty | 549.55 | 263.25 | -52.0972 |
| Bajaj Hindusthan | 120.35 | 57.9 | -51.8903 |
| Hathway Cable | 169 | 84.4 | -50.0592 |
Share prices of Educomp have more than been halved since January 2011. The recent I-T raids on its offices and residences have further dampened sentiments. On August 16, when the raid took place, the stock tanked to a 52-week low of Rs 190.
All aviation stocks have been trading weak due to hike in crude oil prices. But the two stocks that are among those beaten out of shape include SpiceJet (69%) and Jet Airways ( 60%) . Under-the-weather budget carrier SpiceJet has been struggling at the bourses for a long time, and the situation aggravated when its owner Kalanidhi Maran came under the scrutiny of 2G scam. Reports suggest that Kalanidhi Maran's (owns Sun TV Network and SpiceJet) company received kickbacks of Rs700 crore from Malaysian company Maxis Group in 2007 in return for 2G spectrum and licence for Aircel, in which Maxis had acquired a 74% stake. His brother Dayanidhi Maran was the union telecom minister between 2004 and 2007.
The realty pack never really picked up the threads from where they left last year. The top losers in our list is DB Realty. Other important losers include IVRCL, Jai Corp, Gujarat NRE Coke and Bajaj Hindustan.
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