Vikram Samvat erased the value of 2102 out of 2668 actively traded shares in BSE in 2075.
Ahmedabad. October 25, 2019, Friday
Vikram Samvat is taking off from the Indian stock market today. This year, the stock market's main index has started to improve. On the other hand, out of the 5 stocks actively traded at the Mumbai stock market, 5 stocks have witnessed a massive erosion. Thus, this year has proved to be poor for ordinary investors.
Vikram Samvat 3, which has experienced various volatility locally as well as globally, has seen huge volatility in the market. Throughout the year, the Sensex has achieved high headlines, jumping the historical surface of the Nifty and Nifty.
On the other hand, behind various adverse reports, indexes were upside down from the historical top level, with stock prices slipping on the pressure of selling by Chomer. However, due to other favorable reports, including various concessions announced by the government during the final phase of the year, the Beau protagonist index bounced back from the bottom of the year and improved by 5% year over year.
However, due to this volatility of the index, the market cap of the listed stocks at the Mumbai stock market has witnessed a large outbreak. During the year, a large number of company stocks were adversely affected due to various adverse reports including NBFC sector adversity, rating downgrade of several companies, payment default, economic downturn, corporate governance crisis and various other adverse reports.
This situation arose because of the massive erosion of millions of investors' capital. According to the available data, the capitalization of around 5 stocks of the 5 stocks actively traded at the Mumbai stock market have witnessed a major erosion during the period.
Of those stocks, there has been a massive erosion, out of which 5 stocks have lost 8% of their capital. Of these, 5 stocks are currently operating at its all-time law level.
Shares of up to five companies have lost more than 5% in value. However, shares of the company have lost more than 5% in value. As a result of this situation, the general investors have been harmed, as well as several schemes of several companies have also turned water back on.
The highest capital erosion in Vikram Samvat 2 is in the stock of Cox & Kings Company. Other adverse reports, including cash pulls, rating downgrades, saw the company's share price erode by about 5 percent.
In addition, Talwarkar Health, Mercator, McLiott Russell, Rila. Commu. Rela. Capital, Rela. Infra, Jet Airways, Favorite Beverages, Rela. Home, Rela. Other stocks including Power, Syntax Plastics, Belarpur Ind., Syntax Industries, Delegent Media, Binani Ind., Divan Housing, Punj Lloyd, HDIL have lost more than 5%. Thus, despite the improvement in the Sensex in the record consolidation year of 9, most investors have traded losses.
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