67 stocks from BSE smallcap index fall more than 50% in 2018

Shares of smallcap companies continue to be under pressure with the S&P BSE Smallcap index falling for the sixth straight trading day on the BSE.
At 10:43 am; the S&P BSE Smallcap index was down 1.7% at 16,340, as compared to 0.89% decline in the S&P BSE Midcap and 0.27% fall in the S&P BSE Sensex. In past six trading days, the smallcap index slipped 6% against a 3% decline in midcap and 1% fall in the benchmark index.

Thus far in the calendar year 2018 (CY18), the smallcap index tanked 15% as compared to 12% fall in the midcap index. However, the benchmark Sensex was up 2.6% so far in the current calendar year.

In past four years between January 2014 and December 2017, the smallcap index had rallied 193%, while there was 166% surge in midcap and 61% gain in Sensex.

Out of 859 stocks from the smallcap index, more than half or 577 stocks have underperformed the index by falling more than 15% thus far in CY18. Of these 577 scrips 67 stocks have seen their market values more than halved.